Quantum Computing Inc. stock research
FY2023 Q3
Quantum Computing (QUBT) Gross Margin — Quarter Ended Sep 30, 2023
Revenue decreased compared to the prior quarter, leading to lower gross profit and cost of revenue, while gross margin weakened slightly. Relative to the same period last year, revenue, gross profit, and gross margin all improved.
Gross margin takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue decreased compared to the prior quarter, leading to lower gross profit and cost of revenue, while gross margin weakened slightly. Relative to the same period last year, revenue, gross profit, and gross margin all improved.
- The year-over-year improvement in gross margin is the most notable margin driver this quarter, reflecting a stronger relationship between revenue and cost of revenue compared to a year ago.
- Compared to the prior quarter, revenue and gross margin both decreased, while gross profit and cost of revenue also declined. Versus the same quarter last year, revenue, gross profit, and gross margin were all higher, with a significant improvement in gross margin.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
52.0%
Gross profit
$26000
Revenue
$50000
Cost of revenue
$24000
Quarter-over-quarter change
-2.5 pts
Year-over-year change
+18.1 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 31, 2023 | $121000 | $65000 | $56000 | 53.7% |
| Jun 30, 2023 | $112000 | $61000 | $51000 | 54.5% |
| Sep 30, 2023 | $50000 | $26000 | $24000 | 52.0% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2023
-2.5 pts
Year-over-year change
Sep 30, 2022
+18.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The year-over-year improvement in gross margin is the most notable margin driver this quarter, reflecting a stronger relationship between revenue and cost of revenue compared to a year ago.
Compared to the prior quarter, revenue and gross margin both decreased, while gross profit and cost of revenue also declined. Versus the same quarter last year, revenue, gross profit, and gross margin were all higher, with a significant improvement in gross margin.
Monitor whether revenue can stabilize or recover toward the level seen in the prior quarter, as it directly affects the scale of gross profit and gross margin sustainability.