Quantum Computing (QUBT) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter declined from the immediately preceding quarter but rose compared with the same quarter one year earlier. The sequential drop reversed a pattern of growth seen in the prior two quarters.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter declined from the immediately preceding quarter but rose compared with the same quarter one year earlier. The sequential drop reversed a pattern of growth seen in the prior two quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$50K
Revenue reported for this quarter.
Quarter-over-quarter
-55.4%
Change from the immediately preceding quarter.
Year-over-year
+32.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$284.3K
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 |
|---|---|---|
| Dec 31, 2022 | $1.3K | n/a |
| Mar 31, 2023 | $121K | +287.3% |
| Jun 30, 2023 | $112K | +71.0% |
| Sep 30, 2023 | $50K | +32.8% |
Revenue performance
The reported revenue reflected a decrease from the prior quarter, while trailing twelve-month revenue remained well above the level of a year ago.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was lower. Compared with the same quarter one year earlier, revenue was higher.
What to watch
The sequential revenue decline, following two quarters of strong growth, may warrant attention to the company's near-term revenue trajectory.