Quantum Computing Inc. posts revenue surge while D-Wave Quantum shares dip

Quantum Computing Inc. (NASDAQ: QUBT) reported first‑quarter revenue of $3.7 million, up dramatically from $39,000 a year earlier, and ended the period with about $1.4 billion in cash and equivalents. The company highlighted progress in quantum photonics, the development of its Dirac optimization platform, and recent acquisitions of Luminar Semiconductor and NuCrypt to broaden its talent base.

D‑Wave Quantum (NYSE: QBTS) posted $2.86 million in quarterly revenue, an 80.9% decline from the prior year, but posted a loss per share of –$0.05, beating analysts’ expectations. The stock fell 4.1% in mid‑day trading, sliding to $22.53 per share. Analysts maintain a consensus "moderate buy" rating with an average price target of $36.80. Recent insider sales totalled over $35 million in the past three months, including a sale of 687,627 shares by CEO Alan E. Baratz.