Quantum Computing (QUBT) Revenue — Quarter Ended Jun 30, 2023
Revenue decreased from the prior quarter but rose sharply compared with the same quarter one year earlier. The sequential decline contrasts with a strong year-over-year gain.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue decreased from the prior quarter but rose sharply compared with the same quarter one year earlier. The sequential decline contrasts with a strong year-over-year gain.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$112K
Revenue reported for this quarter.
Quarter-over-quarter
-7.4%
Change from the immediately preceding quarter.
Year-over-year
+71.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$271.9K
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 |
|---|---|---|
| Sep 30, 2022 | $37.6K | n/a |
| Dec 31, 2022 | $1.3K | n/a |
| Mar 31, 2023 | $121K | +287.3% |
| Jun 30, 2023 | $112K | +71.0% |
Revenue performance
The reported revenue moved lower versus the immediately preceding quarter.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was substantially higher. The sequential trend shows a decline from the prior quarter.
What to watch
The company's filing context includes management discussion and analysis and liquidity and capital resources sections, but no specific revenue commentary was supplied.