Quantum Computing Inc
For the period ended Sep 30, 2024. Filed Nov 6, 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.
Sep 30, 2024 · Filed Nov 6, 2024
QUBT$6.30-8.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations
(Unaudited, in thousands, except per share data)
| Three Months Ended · Nine Months Ended | ||||
|---|---|---|---|---|
| September 30, | September 30, | |||
| 2024 | 2023 | 2024 | 2023 | |
| (Restated)(1) · (Restated)(1) | ||||
| Total revenue | $101 | $50 | $311 | $283 |
| Cost of revenue | 92 | 24 | 233 | 131 |
| Gross profit | 9 | 26 | 78 | 152 |
| Operating expenses | ||||
| Research and development | 2,244 | 2,328 | 6,560 | 6,977 |
| Sales and marketing | 363 | 584 | 1,243 | 1,397 |
| General and administrative | 2,840 | 3,725 | 9,298 | 11,442 |
| Total operating expenses | 5,447 | 6,637 | 17,101 | 19,816 |
| Loss from operations | (5,438) | (6,611) | (17,023) | (19,664) |
| Non-operating income (expense) | ||||
| Interest and other income | 70 | 126 | 180 | 219 |
| Interest expense, net | (307) | (369) | (462) | (1,334) |
| Change in value of warrant liabilities | - | 13 | - | 384 |
| Loss before income tax provision | (5,675) | (6,841) | (17,305) | (20,395) |
| Income tax provision | - | - | - | - |
| Net loss | (5,675) | (6,841) | (17,305) | (20,395) |
| Less: Series A convertible preferred stock dividends | - | (215) | - | (646) |
| Net loss attributable to common stockholders | $(5,675) | $(7,056) | $(17,305) | $(21,041) |
| Loss per share – basic and diluted | $(0.06) | $(0.10) | $(0.19) | $(0.33) |
| Weighted average shares used in computing net loss per common share – basic and dilutive | 93,048 | 71,588 | 89,063 | 64,246 |
| (1) | As described in Note 15 to these unaudited condensed consolidated financial statements, we have restated the unaudited condensed consolidated statements of operations for the three and nine months ended September 30, 2023. |
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