earnings
confidence high
sentiment positive
materiality 0.70
Zapata AI Q2 revenue $2.0M (+40% YoY); operating loss $7.37M; pipeline >$30M
Zapata Quantum, Inc.
2024-Q2 EPS reported
-$2.06
revenue$3,219,000
- Revenue $2.00M vs $1.43M YoY; gross margin 36.0% vs 19.7%.
- Operating loss $7.37M; net loss $15.58M includes $8.23M non-cash derivative charge.
- Cash $7.16M at June 30; raised $5.3M via ELOC; entered $10M Lincoln Park equity facility.
- Qualified pipeline >$30M; expanded D-Wave partnership and added USSOCOM CRADA.
- Appointed CFO Sumit Kapur and GC Derron Blakely in Q2.