Quantum Computing (QUBT) Revenue — Quarter Ended Mar 31, 2023
Revenue increased sharply in the current quarter. The growth was supported by improvements compared to both the prior quarter and the same period one year earlier.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue increased sharply in the current quarter. The growth was supported by improvements compared to both the prior quarter and the same period one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$121K
Revenue reported for this quarter.
Quarter-over-quarter
+9367.9%
Change from the immediately preceding quarter.
Year-over-year
+287.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$225.4K
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $65.5K | n/a |
| Sep 30, 2022 | $37.6K | n/a |
| Dec 31, 2022 | $1.3K | n/a |
| Mar 31, 2023 | $121K | +287.3% |
Revenue performance
The reported revenue rose substantially from the immediately preceding quarter. This upward movement also represented a significant gain compared to the same quarter a year ago.
Quarterly comparison
Revenue in the current quarter was well above the level of the prior quarter. On a year-over-year basis, the increase was also pronounced.
What to watch
The filing notes a working capital deficit and ongoing operating cash outflows, which may warrant attention in future reports.