QCi reports Q1 revenue of $27K, net loss of $6.9M; engages new auditor BPM

Quantum Computing Inc.

Q1 2024 revenue ~$27,000 (42% gross margin); net loss $6.9M ($0.08 per share) vs $8.5M loss year ago.
Operating expenses $6.4M, down 18% YoY; R&D $1.4M flat; SG&A down 25%.
Cash $6.1M, up $4M from Dec 2023; stockholders' equity $79.3M, up 8.2%.
Engaged BPM LLP as new auditor to re-audit FY2022 and FY2023 and audit FY2024.
Filed unaudited interim financials after former auditor BF Borgers was permanently barred by SEC.

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