Quantum Computing (QUBT.US) announces mass production roadmap and secures $1.5 billion in financing, stock price soars before market open.

Quantum Computing (QUBT.US), a US quantum computing company, saw its stock price surge by 25% in pre-market trading on Monday, after announcing the completion of a $1.5 billion financing round, unveiling a roadmap for scaled production, and expanding strategic partnerships. As of the time of writing, the stock had surged by 17% in pre-market trading. Interim CEO, Yuping Huang stated, "Over the next three years, our roadmap will focus on small-scale, high-value manufacturing. We will also improve processes, validate performance in various customer applications, and establish supply chain and design partnerships." When asked about the broader applications of quantum security solutions in the financial sector, Huang explained that the company is currently in discussions with companies in wireless communication, internet, and aerospace industries to integrate quantum communication technologies into photonic integrated circuits, with the goal of achieving long-term applications for quantum internet. Meanwhile, CFO Christopher Roberts revealed that the company is actively seeking acquisition targets and conducting evaluations. He said, "We see acquisitions as a way to achieve two goals: acquiring customers, revenue, and product lines, and advancing their development through our technology; as well as filling in some key gaps in our own technology roadmap." Quantum Computing announced better-than-expected third-quarter earnings last Friday, with revenue increasing from $61,000 in the second quarter to $384,000 in the third quarter, and a net loss of $36 million turning into a profit of $2.4 million, mainly due to one-time gains and increased capital. Explaining the significant revenue growth, Quantum Computing stated in their financial report, "This was mainly driven by an increase in the number, scale, and intensity of R&D services and custom hardware contracts. The company has also started to recognize revenue generated through cloud access to the Dirac-3 quantum optimization system."