Horizon Quantum Computing Pte. (NASDAQ:HQ) Releases Earnings Results

Key Points

• Horizon reported ($0.09) EPS for the quarter and ended Q1 with $96.6 million in cash, but losses widened—operating expenses were $6.5M, net loss $3.6M, Adjusted EBITDA loss $4.1M—and operating cash use was $4.2M as headcount rose to 52 FTEs.
• The company highlighted technical progress and partnerships (Alice & Bob, AQT), operates an in‑house testbed (Ember One), and secured a 256‑qubit IonQ trapped‑ion system expected in 2027 while advancing its software stack (Hydrogen, Helium, preview Beryllium and Triple Alpha integration).
• Shares traded down to $9.84 with a market cap around $507M, and analyst sentiment is weak—MarketBeat shows a consensus Sell rating after Weiss Ratings initiated coverage with a sell recommendation.

Horizon Quantum Computing Pte. (NASDAQ:HQ - Get Free Report) posted its earnings results on Tuesday. The quantum computing company reported ($0.09) earnings per share for the quarter, Zacks reports.

Here are the key takeaways from Horizon Quantum Computing Pte.'s conference call:

• Horizon raised capital via its business combination and PIPE and ended Q1 with $96.6 million in cash, while headcount grew to 52 FTEs—management says this provides runway and staffing to execute the roadmap.
• The company deepened hardware relationships (Alice & Bob, AQT), operates an in‑house testbed (Ember One), and secured a 256‑qubit IonQ trapped‑ion system expected to be installed in 2027 to accelerate multimodal integration.
• Significant software progress: Horizon advanced its stack (Hydrogen, Helium) and expanded features/stability of previewed Beryllium, aiming to automate compilation of classical code to quantum algorithms and tighten runtime‑level hardware integration via Triple Alpha.
• Costs and losses widened in Q1—operating expenses were $6.5M, net loss $3.6M and Adjusted EBITDA loss $4.1M—driven by aggressive hiring and higher operating cash use of $4.2M for the quarter.

Horizon Quantum Computing Pte. Stock Performance

Shares of HQ stock traded down $0.22 during mid-day trading on Tuesday, hitting $9.84. 42,588 shares of the stock traded hands, compared to its average volume of 149,327. The firm has a market cap of $507.29 million, a price-to-earnings ratio of -3.12 and a beta of 0.46. Horizon Quantum Computing Pte. has a 52-week low of $8.29 and a 52-week high of $14.22.

Wall Street Analyst Weigh In

Separately, Weiss Ratings initiated coverage on shares of Horizon Quantum Computing Pte. in a report on Tuesday, April 21st. They set a "sell (e-)" rating on the stock. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Horizon Quantum Computing Pte. currently has a consensus rating of "Sell".

Horizon Quantum Computing Pte. Company Profile

Horizon Quantum Holdings Ltd. is a quantum software infrastructure company focused on tools and systems that help developers build and deploy quantum applications. The company emphasizes software, algorithms, and workflow infrastructure intended to support practical quantum and hybrid quantum-classical use cases.

Horizon Quantum became a public company through its business combination with dMY Squared Technology Group, Inc (DMYY), which was formed to take a private company public through a business combination.

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