Quantum Computing (QUBT) Revenue — Quarter Ended Jun 30, 2024
Revenue increased compared to both the immediately preceding quarter and the same quarter one year earlier. The company's filing discusses ongoing net losses and the need for additional financing to support operations.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue increased compared to both the immediately preceding quarter and the same quarter one year earlier. The company's filing discusses ongoing net losses and the need for additional financing to support operations.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$183K
Revenue reported for this quarter.
Quarter-over-quarter
+577.8%
Change from the immediately preceding quarter.
Year-over-year
+63.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$335K
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, 2023 | $50K | +32.8% |
| Dec 31, 2023 | $75K | +5768.5% |
| Mar 31, 2024 | $27K | -77.7% |
| Jun 30, 2024 | $183K | +63.4% |
Revenue performance
The reported revenue reflects a higher level than the prior quarter, continuing a pattern of quarterly fluctuations.
Quarterly comparison
When compared with the immediately preceding quarter, revenue was significantly higher. Compared with the same quarter one year earlier, revenue also showed an increase.
What to watch
The filing highlights the company's dependence on obtaining additional capital to continue as a going concern.