Horizon Quantum Q2 FY26 net loss widens to USD 115.2 million
Reuters2026/08/04 11:02- Horizon Quantum posted a GAAP net loss of USD 115.2 million, or USD 2.20 per share, versus a GAAP loss of USD 2.9 million a year earlier.
- GAAP operating loss widened to USD 7.2 million from USD 2.7 million, while total operating expenses rose to USD 7.2 million from USD 2.8 million.
- Cash and cash equivalents climbed to USD 113.3 million, up USD 16.7 million from the prior quarter, on USD 27.5 million of gross proceeds from public warrant exercises.
- The quarter included a USD 108.3 million non-cash GAAP loss from remeasuring warrant-related derivative liabilities tied to a higher share price.
- Beryllium entered early access, Ember-1 opened to first users, and Horizon announced a calibration-focused collaboration with Quantum Machines.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
UOB Kay Hian: Maintains "Buy" rating for Waterdrop (WDH.US), raises target price to $2.23
Based on revised profit forecasts, UOB Kay Hian has maintained its “Buy” rating on Waterdrop and raised the target price to $2.23.
The "copper rush" cools off? LME sees the largest delivery in nearly four weeks, copper price retreats to $14,000
Copper prices have stabilized around $14,000 per ton after previously falling, as exchange-tracked warehouses have experienced a new round of inventory deliveries, indicating that the supply shortage has somewhat eased.
Apexindo proposes bylaw change to create Series A and Series B shares with different par values
Apexindo Pratama Duta announces extraordinary shareholder meeting
Crypto prices
More
