Quantum Computing Inc. (QCI) has announced its Q4 2024 and full year 2024 financial results. A summary of key financial metrics comparing Q4 2024 with Q3 2024 as well as the full year comparison of 2024 versus 2023 is shown in the table below.
The company significantly improved it’s cash position in 2024. By the end of the year, the company had raised $167.8 million through its issuance of common stock and $20.1 million through its issuance of convertible promissory notes and other debt for a total of $187.9 million.
Operational highlights include NASA collaborations for quantum remote sensing and phase unwrapping, nearing completion of their Quantum Photonic Chip Foundry in Tempe, AZ, and expanding market presence through trade shows. Their Dirac-3 quantum machine is being positioned for practical applications, addressing real-world market needs.
For additional information you can view the company’s financial report press release posted on their website here and also access the company’s 10-K report filed with the U.S. Securities and Exchange Commission here. In addition, a recording of the Fourth Quarter 2024 Shareholder Update Conference Call is available here.
March 24, 2025
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