Xanadu Stock Drops after Q1 Earnings, but Analysts See Big Upside for XNDU
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Xanadu Quantum Technologies Inc. (XNDU) reported a fourfold revenue increase to $2.8 million in Q1, but also widened its net loss to $20.6 million. Despite solid growth and a strong cash base, the stock dropped about 10% as the company is still in a costly build phase. Analysts, however, see potential for significant upside.
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