The company's forward-looking statements about Q4 2026 commercial agreements and a 2027 outlook are key catalysts. Monitor for concrete customer announcements and the 2027 financial outlook, which could validate the revenue trajectory. The post-period $10M offering adds dilution risk but provides runway.
Price Chart
Executive Summary
QTREX Quantum reported record first-half 2026 revenue of $1.55M (up 438% YoY) with a 61% gross margin, driven by the newly acquired AME and Quantum segment. The company launched INSU300, a proprietary RF dielectric for superconducting quantum computing, and expects to announce additional commercial agreements in Q4 2026 along with a 2027 financial outlook. Despite revenue growth, the net loss remained flat at $6.4M, and EPS of -$0.14 missed consensus estimates.
Key Financial Metrics
Key Facts
- Record first-half 2026 revenue of $1.55M, up 438% from $289K in H1 2025
- Consolidated gross margin of 61%, all from the AME and Quantum segment acquired on April 6, 2026
- Net loss of $6.4M, or $0.14 per share, unchanged from $6.4M in H1 2025
- Cash, cash equivalents and deposits of $10.7M as of June 30, 2026, up from $3.2M at year-end 2025
- Launched INSU300, a proprietary RF dielectric for superconducting quantum computing, on September 23, 2026
- Completed a $10M registered direct offering on August 20, 2026, post-period end
- Company expects to announce additional commercial agreements in Q4 2026 and provide a 2027 financial outlook
Financial Impact
Revenue grew 438% YoY to $1.55M, but net loss remained flat at $6.4M. Cash position strengthened to $10.7M, with an additional $9.2M net from a post-period offering.
Risk Factors
- Revenue is entirely from the newly acquired AME segment, with no comparable prior period; sustainability is unproven
- Net loss remains high at $6.4M with operating cash burn of $3.9M, despite revenue growth
- Dilution from the August 2026 offering of 11.1M shares at $0.90 per share
- Forward-looking statements about Q4 agreements and 2027 outlook are aspirational and may not materialize
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3368310 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 8d ago | 6-K | $1.40 $1.29 | ▼ −7.86% | ▼ −7.71% | $1.35 (−3.57%) |
Oct 19, 2026 8d ago | Press Release | $1.40 $1.29 | ▼ −8.21% | ▼ −8.07% | $1.35 (−3.57%) |
Oct 1, 2026 26d ago | 6-K | $0.7850 $1.69 | ▲ +115.29% | ▲ +113.99% | $1.35 (+71.97%) |
Oct 1, 2026 26d ago | Press Release | $0.7850 $1.69 | ▲ +115.29% | ▲ +113.99% | $1.35 (+71.97%) |
Sep 24, 2026 4w ago | 6-K | $0.7760 $1.10 | ▲ +41.75% | ▲ +41.97% | $1.35 (+73.97%) |
Sep 24, 2026 4w ago | Press Release | $0.7603 $0.7846 | ▲ +3.20% | ▲ +3.61% | $1.35 (+77.56%) |
Sep 2, 2026 7w ago | 6-K | $0.8160 $0.8184 | ▲ +0.29% | ▲ +1.25% | $1.35 (+65.44%) |
Aug 21, 2026 9w ago | 424B5 | $0.9155 $0.8340 | ▲ +8.90% | ▲ +9.38% | $1.35 (−47.46%) |
Aug 19, 2026 9w ago | 6-K | $1.12 $0.8185 | ▼ −26.92% | ▼ −26.53% | $1.35 (+20.54%) |
Aug 3, 2026 12w ago | 6-K | $1.01 $1.04 | ▲ +2.97% | ▲ +0.94% | $1.35 (+33.66%) |
US Market Status
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