NASDAQ$QUBT

Quantum Computing Inc · Q2 2024 earnings

Q2 2024 earnings ·

Briefing

QUBT Q2 2024 — $183K revenue

Company’s future consolidated financial position or consolidated results of operations or cash flows: new product. Quantum Computing Inc reported Q2 2024 results. Headline numbers extracted from the Form 10-Q press release; narrative is light because this row was processed without an LLM call.

  • Revenue: $183K.
  • Operating income: $5K.
  • Gross profit: $58.

Headline financials

Total Revenue

$183K

Previous: $112K+63.1%
EPS

-$0.06

Previous: -$0.05-20.0%
Capital Expenditures

-$2.66M

Previous: -$581K-356.9%
Free Cash Flow

-$7.85M

Previous: -$5.22M-50.3%
Net Income

-$5.19M

Previous: -$4.64M-11.9%
Operating Income

-$5.27M

Previous: -$3.86M-36.5%
Gross Profit

$58K

Previous: $61K-5.0%

Revenue & EPS history

Quantum Computing Inc · Revenue · Quarterly

$183K

Q2 2024+63.1%vs Q2 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 19 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

+2.6%

Avg return

Earnings day

+8.2%

Avg return

5 days after

+54.8%

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+28.2%+9.0%-2.2%
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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