Arqit Quantum Inc. Announces Financial and Operational Results for the Fiscal Year 2024
Arqit Quantum Inc. (ARQQ)
Company Research
Source: GlobeNewswire
$293,000 in revenue generated for the full fiscal year Signed seven figure multi-year SKA-PlatformTM enterprise license contract Commence fiscal year 2025 with annual recurring revenue backlog Cash position of $18.7 million at the end of the period LONDON, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (“Arqit” or the “Company”), a leader in quantum safe encryption, today announced its operational and financial results for the fiscal year ended 30 September 2024. Operational Highlights for fiscal year 2024 Arqit reported revenue of $293,000 for the fiscal year. The company executed on contracts during the period for 13 customers. Most contracts were limited licenses for demonstration and integration testing of Arqit’s symmetric key agreement software. Arqit saw an increase in the number of customers executing such contracts through the period. The company believes this is a positive indicator of product momentum.As previously announced, Arqit was a
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- Arqit Quantum Inc. (NASDAQ: ARQQ) had its price target raised by analysts at HC Wainwright from $22.00 to $27.00. They now have a "buy" rating on the stock.MarketBeat
- Arqit Quantum Inc. Announces Financial and Operational Results for the Fiscal Year 2024 [Yahoo! Finance]Yahoo! Finance
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ARQQ
Sec Filings
- 12/19/24 - Form 6-K
- 12/18/24 - Form SCHEDULE
- 12/16/24 - Form 144
- ARQQ's page on the SEC website