secwatch.observer — SEC 8-K summary
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Issuer:     Quantum Computing Inc. (QUBT)
CIK:        0001758009
Form:       8-K
Filed at:   2024-06-11T23:59:59+00:00
Accession:  0001213900-24-051804
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1758009/000121390024051804/0001213900-24-051804-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1758009/000121390024051804/ea0207616-8k_quantum.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-051804

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