Check out QUBT for some serious mooning. Unbelievable. It's like a meme coin in crypto
Nearly all their assets are goodwill/intangible.........
Goodwill is an intangible asset that's recorded when one company acquires another. It addresses brand reputation, intellectual property, and customer loyalty.
www.investopedia.com
That's thousands not millions.. your local corner shop probably has similar revenue each year
public float is only 72m shares btw
/PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, integrated photonics and quantum optics technology company,...
www.prnewswire.com
Issuing shares to raise capital isn't a bad thing, but when it's to stop your company going bankrupt... it's different than like kraken robotics issuing shares to raise money because they want to expand the business or acquire a competitor
If I wanna play the lottery I'll buy a share.
It's one of those companies that's going to keep issuing new shares and diluting share holders for a long long time, or they run out of cash before that happens.
The market cap is literally insane btw the companies inventory is listed as 241k, they only had 3mil in cash.
they seem to lose 5-6million every quarter and only raised 40mil from issusing shares the other week.
I'd stick to IBM or whomever else is trying to do quantum if I were you.
BTW when it actually starts to become a reality, what do you think MSFT, GOOGLE, Microsoft, Amazon, Meta and apple are going to do? along with probably ARM, INTEL , AMD and NVDA
All the above companies apart from 1 either already design custom cpu's for their servers, or are doing so very soon.
You think they will just sit out quantum when it happens? and look how many billions of cash some of them are sitting on.
No little QUBT will be able to compete, maybe they can get royalties through patents if they own any decent ones, but I guess the odds of that are slim.
It's like a business in someones garage trying to compete with apple in the phone market.
Best case for the CEO/board is probably some bigger compan aquiring them before they become insolvent.
I'm not saying people can't make money on it, maybe they can, but it's an idiot stock for gamblers.
and one of the reasons you don't see me posting many red stock here.
cos I don't invest in stuff like this with basically no business model and just wishful thinking.
To me it's basically a stock market scam, come up with some crazy idea based on something that's hyped right now, then keep issuing shares all the time to generate money.
I've seen it time and time again, it's basically crypto rug pull but more sophisticated as far as I'm concerned.
You'd literally be better off buying over valued Nvidia for the AI play, and assuming NVDA will also get into quantum computing when it starts to become reality.
Having enjoyed success powering AI systems, the GPU maker hopes to do the same for quantum computers with Nvidia DGX Quantum.
www.techmonitor.ai
There you go buy NVDA if you want a low risk, high reward play to hold for a long time.
They just had a good earnings, the stock didn't really move up/down so seems to be at a good consolidation level for new entrants.
But don't quote me on that
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