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Quantum Computing Soars 10.17% on Q1 Profit Turnaround

Mover TrackerFriday, May 16, 2025 4:35 am ET

1min read

Quantum Computing rose 10.17% in pre-market trading on May 16, 2025, marking a significant surge in its stock price.

Quantum Computing reported a Q1 profit of $0.11 per diluted share, a notable turnaround from a loss of $0.08 in the same period last year. This shift to profitability, coupled with increased revenue, has bolstered investor confidence in the company's financial health and future prospects.

The company's first quarter 2025 revenues totaled approximately $39,000, while operating expenses amounted to $8.3 million. Despite the high expenses, the company managed to report net income, indicating effective cost management and operational efficiency.

Quantum Computing's stock has experienced volatility this year, with shares down 47% overall. However, the recent Q1 earnings report has provided a much-needed boost, highlighting the company's potential for growth and recovery.

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