Quantum Computing Stock Pulls Back After Revenue Surge as Costs Cloud QUBT Rally
Quantum Computing Inc. shares fell 5.4% to $11.14 Wednesday after a sharp post-earnings rise. First-quarter revenue jumped to $3.69 million from $39,000, mainly from Luminar and NuCrypt acquisitions, but operating expenses more than doubled to $19.8 million. The company reported a net loss of $4.1 million. Trading volume neared 25 million shares.