QUANTUM COMPUTING INC

Quantum Computing is deploying its optimization engine Dirac-3S in a strategic collaboration with INmune Bio for Alzheimer's research. The agreement is seen as the company's first commercial breakthrough in the pharmaceutical sector and has noticeably stabilized the share price after earlier downward pressure. Quantum Computing offers integrated photonic quantum hardware and manufacturing services for photonic chips. » More on finanzen.net

Quantum Computing has signed a three-year framework agreement with Hamad Bin Khalifa University in Qatar covering joint research, training programs, industry projects and the development of applications in quantum computing, quantum sensing and quantum communication. QCi will provide the university with cloud access to its Dirac-3 system and install the platform in Qatar so that students, researchers and industry partners can solve optimization problems using entropy quantum computing. The partnership aims to build expertise in the region and to translate quantum-technology research into practical industrial applications. » More on de.investing.com

Quantum Computing reported Q2 revenue of $5.6 million, up more than 9,000% from $61,000 a year earlier. Net loss narrowed to $11.8 million from $36.5 million, and the company closed the quarter with a $42.5 million backlog and $1.3 billion in cash. The revenue rise was driven by photonics product sales and the acquisition of NHanced Semiconductors, while operating expenses increased 114% to $21.8 million partly due to acquisition-related costs. » More on finance.yahoo.com