Quantum Computing (QUBT) Revenue — Quarter Ended Sep 30, 2024
Revenue declined sequentially but rose significantly compared to the same period a year earlier.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue declined sequentially but rose significantly compared to the same period a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$101K
Revenue reported for this quarter.
Quarter-over-quarter
-44.8%
Change from the immediately preceding quarter.
Year-over-year
+102.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$386K
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, 2023 | $75K | +5768.5% |
| Mar 31, 2024 | $27K | -77.7% |
| Jun 30, 2024 | $183K | +63.4% |
| Sep 30, 2024 | $101K | +102.0% |
Revenue performance
The reported revenue decreased from the immediately preceding quarter.
Quarterly comparison
Year-over-year, revenue showed a substantial increase.
What to watch
The company's cash position and ongoing need for additional financing remain key factors to monitor.