Arqit Quantum Inc. Announces Financial and Operational Results for the First Half of Fiscal Year 2024 [Yahoo! Finance]
Arqit Quantum Inc. (ARQQ)
Company Research
Source: Yahoo! Finance
Renewal or contract extension with nine existing customers, representing revenue from small engagements with potential for larger revenue opportunities in the future Recent significant award notification Additional cost reduction initiative commenced, which is expected to reduce operating costs to $1.8 million per month Cash position of $21.3 million at the end of the period LONDON, May 20, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (“Arqit”), a leader in quantum safe encryption, today announced its operational and financial results for the six months ended 31 March 2024. Recent Operational Highlights Arqit sells Symmetric Key Agreement (“SKA”) software enabling quantum safe encryption. The company has re-branded its flagship product from QuantumCloud™ to SKA Platform™ to more precisely reflect its offering which no longer contains any hardware or quantum effects – it is a pure software tech stack which runs in the cloud. During the first half of
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ARQQ
News
- Arqit Launches Encryption Intelligence Service [Yahoo! Finance]Yahoo! Finance
- Arqit Launches Encryption Intelligence ServiceGlobeNewswire
- Arqit Quantum Inc. (NASDAQ: ARQQ) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $2.00 price target on the stock.MarketBeat
- Arqit Quantum Inc. (NASDAQ:ARQQ) Is A Top Quantum Computing Stock [Yahoo! Finance]Yahoo! Finance
- Arqit Quantum First Half 2024 Earnings: US$0.099 loss per share (vs US$0.17 loss in 1H 2023) [Yahoo! Finance]Yahoo! Finance
ARQQ
Analyst Actions
- 5/29/24 - HC Wainwright
ARQQ
Sec Filings
- 5/31/24 - Form 144
- 5/24/24 - Form 144
- 5/20/24 - Form 424B3
- ARQQ's page on the SEC website