Quantum Computing, Inc. Company profile
About Quantum Computing Inc
Quantum Computing Inc. is a technology company. The Company is focused on providing software tools and applications for quantum computers. The Company's product, Qatalyst enables developers to create and execute quantum-ready applications on conventional computers using its cloud-based solution. Qatalyst offers features, including quantum-ready engines tuned for complex computations, transparent abstraction from quantum hardware variance, Qatalyst Core, Q Graph, and Qontrol. Qatalyst manages the workflow, optimizations, and results, without any further intervention by the user. Qatalyst is integrated with the Amazon Cloud BRAKET Application Programming Interfaces (API), offering access to multiple Quantum Processing Units (QPUs) including DWave, Rigetti, and IonQ. Qatalyst also integrates directly with IBM’s QPUs.
Financial summary
BRIEF: For the nine months ended 30 September 2021, Quantum Computing Inc revenues was not reported. Net loss decreased 13% to $12.3M. Lower net loss reflects Interest Expense Financing Costs decrease from $2.2M (expense) to $0K, Interest Expense Warrants decrease from $1.2M (expense) to $0K, Stock Based Compensation decrease of 9% to $7.1M (expense). Basic Earnings per Share excluding Extraordinary Items increased from -$0.97 to -$0.42.
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