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Quantum Growth Looks Big But Is It Real | Durham News
Quantum Computing Inc. just smashed records with a 9,000% revenue surge to over $5 million in Q2 — but don’t get fooled by the headline: this tiny startup, still funded like a university grant, is far from profitable. The spike came from government, education, and commercial sales, plus a 51% quarter-over-quarter jump — though much of the net loss ballooned due to accounting quirks around warrant derivatives. They also acquired NHanced Semiconductors to boost U.S. chipmaking, which added costs and pushed operating expenses up 100% YoY. Still, they’re sitting on a healthy order backlog and…
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