NASDAQ$QUBT

Quantum Computing Inc · Q1 2024 earnings

Q1 2024 earnings ·

Briefing

QUBT Q1 2024 — n/d revenue

Deferred tax expense or benefit is the result of changes in the deferred tax assets and liabilities. Quantum Computing Inc reported Q1 2024 results. Net income of $2.4M. Headline numbers extracted from the Form 10-Q press release; narrative is light because this row was processed without an LLM call.

  • Net income: $2.4M.
  • Operating income: $6K.
  • Gross profit: $11.

Headline financials

Total Revenue

$27K

Previous: $121K-77.6%
EPS

-$0.08

Previous: -$0.11+27.3%
Capital Expenditures

-$1.58M

Previous: -$379K-316.9%
Free Cash Flow

-$8.02M

Previous: -$8.88M+9.8%
Net Income

-$6.44M

Previous: -$8.51M+24.3%
Operating Income

-$6.32M

Previous: -$7.79M+18.9%
Gross Profit

$11K

Previous: $64.3K-82.9%

Revenue & EPS history

Quantum Computing Inc · Revenue · Quarterly

$27K

Q1 2024-77.6%vs Q1 2023
Beat estimate in 2 of 3 quarters(67%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

+2.6%

Avg return

Earnings day

+8.2%

Avg return

5 days after

+57.9%

Avg return

30 days after

53%

10 / 19 earnings

Positive

+40.6%

Q2 2020

Best reaction

-31.8%

Q2 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+28.6%+9.4%
Q4 2025-10.0%-11.5%-20.0%
Q3 2025+0.0%-3.1%+2.9%
Q1 2025+3.5%+28.9%+86.8%
Q3 2024-6.9%+21.6%+583.6%
Q1 2024+2.5%+11.8%+75.5%
Q2 2024+2.5%+11.8%+75.5%
Q3 2023+8.7%+3.9%+13.7%
Q2 2023+0.0%-3.3%+6.7%
Q1 2023-0.8%+11.8%+19.7%
Q3 2022+0.5%-2.3%-22.8%
Q2 2022+1.0%-18.8%-30.5%
Q1 2022+4.7%+38.0%+51.3%
Q4 2020-4.4%+2.8%-9.9%
Q2 2020+40.6%+69.9%+54.0%
Q1 2020+11.2%+7.5%+166.4%
Q3 2019+0.0%-7.7%-7.7%
Q2 2019-31.8%-15.0%-17.0%
Q1 2019+0.0%+0.0%+15.0%

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