Reported 1 day ago
Quantum Computing (QUBT) shares dropped significantly after the company reported a substantial fourth-quarter loss driven by merger-related expenses. The net loss of $0.47 per share was over five times greater than the previous year, with revenue also down by 17%. Although shares briefly surged earlier due to positive news from competitor D-Wave Quantum, they ultimately fell 14% at market opening, reflecting a sharp decline in value over the past few months.
Source: YAHOO