Quantum Computing Inc
For the period ended Jun 30, 2024. Filed Oct 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Oct 2, 2024
QUBT$6.30-8.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(Unaudited, in thousands, except per share data)
| Three Months Ended · Six Months Ended | ||||
|---|---|---|---|---|
| June 30, | June 30, | |||
| 2024 | 2023 | 2024 | 2023 | |
| (Restated) (1) · (Restated) (1) | ||||
| Total revenue | $183 | $112 | $210 | $233 |
| Cost of revenue | 125 | 51 | 141 | 107 |
| Gross profit | 58 | 61 | 69 | 126 |
| Research and development | 2,094 | 2,466 | 4,315 | 4,650 |
| Sales and marketing | 429 | 385 | 880 | 812 |
| General and administrative | 2,802 | 4,168 | 6,459 | 7,718 |
| Operating expenses | 5,325 | 7,019 | 11,654 | 13,180 |
| Loss from operations | (5,267) | (6,958) | (11,585) | (13,054) |
| Non-operating income (expense) | ||||
| Interest and other income | 73 | 61 | 110 | 93 |
| Interest expense, net | - | (537) | (155) | (963) |
| Change in value of warrant liability | - | 17 | - | 370 |
| Loss before income tax provision | (5,194) | (7,417) | (11,630) | (13,554) |
| Income tax provision | - | - | - | - |
| Net loss | (5,194) | (7,417) | (11,630) | (13,554) |
| Less: Series A convertible preferred stock dividends | - | (215) | - | (431) |
| Net loss available to common stockholders | $(5,194) | $(7,632) | $(11,630) | $(13,985) |
| Loss per share – basic and diluted | $(0.06) | $(0.12) | $(0.13) | $(0.23) |
| Weighted average shares used in computing net loss per common share – basic and dilutive | 93,550 | 62,667 | 87,185 | 60,832 |
| (1) | As described in Note 15 to the unaudited condensed consolidated financial statements appearing elsewhere in this Form 10-Q, we have restated the condensed consolidated statements of operations for the three and six months ended June 30, 2023. |
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