M&A
confidence high
sentiment negative
materiality 0.75
QPhoton audited financials: $1.4M net loss, no revenue, going concern doubt
Quantum Computing Inc.
- QPhoton had zero revenue for 2021 and 2020; net loss of $1.41M in 2021 ($0.27 diluted loss per share).
- Accumulated deficit of $2.25M as of Dec 31, 2021; working capital deficiency of $32,809.
- Auditor BF Borgers CPA PC expressed substantial doubt about QPhoton's ability to continue as a going concern.
- QPhoton received $2.5M bridge financing from Quantum Computing Inc. after Dec 31, 2021, noted in subsequent events.
- 2021 operating expenses were $1.06M, including $747K stock-based compensation and $120K salaries.