Quarterly Results

Quantum Computing Inc. Reports Third Quarter and Nine Months 2023 Financial Results

LEESBURG, Virginia – November 13, 2023 – Quantum Computing Inc. (“QCi”, “we”, “our” or the “Company”) (Nasdaq: QUBT), an innovative, quantum optics and nanophotonics technology company, today announced its financial results for the three and nine-months periods ended September 30, 2023.

Robert Liscouski, co-Founder, CEO & Chairman of QCi, commented, “We achieved significant progress since the acquisition of QPhoton less than 17 months ago and we have continued that momentum thus far in 2023. To date, QCi has announced five product releases, expanded manufacturing capacity and begun the buildout of our quantum chip facility, which establishes the roadmap for future product design, development and sales of a variety of lithium niobate chips in 2024, including physical unclonable function (PUF) and electro-optic modulator (EOM) chips. We have secured multiple initial testing contracts with government agencies, initiated a growing number of proof of concepts, which we believe could develop into future contracts, established our first collaborations and sales teaming agreements and just several days ago, received our first hardware sales – commencing product delivery. In addition, we have been in various stages...