secwatch.observer — SEC 8-K summary
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Issuer:     Quantum Computing Inc. (QUBT)
CIK:        0001758009
Form:       8-K
Filed at:   2023-03-30T23:59:59+00:00
Accession:  0001213900-23-024210
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quantum Computing Inc reports FY2022 net loss $38.6M, first revenue $136K, guides to EBITDA breakeven in 2 years
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- Revenue of $136K (55% gross margin) from professional services contracts; first revenues for the company.
- Net loss $38.6M, up 38% YoY, including $16M non-recurring merger costs and $8.4M stock-based compensation.
- Cash at year-end $5.3M; as of March 27, 2023 cash $7.5M; monthly cash burn ~$1.46M.
- Completed QPhoton merger, doubling headcount and adding photonic hardware capability; 56M shares outstanding.
- Guides to EBITDA breakeven at ~$30M annual revenue, expected within 2 years; product rollouts planned in 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1758009/000121390023024210/0001213900-23-024210-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1758009/000121390023024210/ea176009-8k_quantum.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-024210

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