Quantum Computing Inc. (QUBT) Stock Falls Despite Strong Q1 Results as Wall Street Waits for Growth Proof
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Quantum Computing Inc. (QUBT) reported strong Q1 results with revenue rising to $3.7 million from $39,000 last year, aided by deals with Lumina Semiconductor and NuCrypt. Despite having $1.4 billion in cash, the stock fell over 6% as investors seek proof of sustainable growth, with QCI's own revenue at only $204,000. Operating costs surged to $19.8 million, raising concerns about profitability.
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