An announcement from Arqit Quantum ( (ARQQ) ) is now available.
On April 4, 2025, Arqit Quantum Inc. announced its preliminary financial results for the first half of fiscal year 2025, reporting expected revenue between $18,000 and $67,000 and cash holdings of approximately $24.7 million as of March 31, 2025. The company faced a revenue delay due to a postponed start of a multi-year enterprise license contract in the EMEA region, initially expected to generate revenue early in the fiscal year. Despite this setback, the contract terms remain unchanged, promising significant future revenue. Arqit also addressed a legal challenge, with a motion to dismiss a class action lawsuit being denied, although the company maintains confidence in its defenses.
More about Arqit Quantum
Arqit Quantum Inc. is a global leader in quantum-safe encryption, providing a unique encryption software service that secures communications links of networked devices, cloud machines, or data at rest against current and future encryption attacks, including those from quantum computers. The company’s Symmetric Key Agreement Platform facilitates Zero Trust Network Access and is compatible with NSA CSfC Components, offering a lightweight solution that can run on small endpoint devices. Arqit has been recognized for its innovation and excellence in the field of cybersecurity, winning multiple awards and holding ISO 27001 certification.
YTD Price Performance: -65.28%
Average Trading Volume: 629,174
Technical Sentiment Signal: Strong Buy
Current Market Cap: $168.3M
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