Quantum Computing (QUBT) Revenue — Quarter Ended Dec 31, 2023
Revenue increased compared to the prior quarter and the same period last year. The growth reflects continued commercial progress.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue increased compared to the prior quarter and the same period last year. The growth reflects continued commercial progress.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$75K
Revenue reported for this quarter.
Quarter-over-quarter
+50.0%
Change from the immediately preceding quarter.
Year-over-year
+5768.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$358K
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 |
|---|---|---|
| Mar 31, 2023 | $121K | +287.3% |
| Jun 30, 2023 | $112K | +71.0% |
| Sep 30, 2023 | $50K | +32.8% |
| Dec 31, 2023 | $75K | +5768.5% |
Revenue performance
The reported revenue rose from the previous quarter and showed a substantial increase relative to the same quarter a year ago.
Quarterly comparison
Compared to the immediately preceding quarter, revenue improved. Versus the same quarter one year earlier, revenue was significantly higher.
What to watch
The company requires additional financing to fund operations over the next twelve months and faces going concern risks.