Qubt Stock Jumps After $3.7 Million Revenue From Acquisitions
Qubt stock moved on $3.7 million in first-quarter revenue after the Luminar Semiconductor and NuCrypt acquisitions began contributing to results. The company had reported only $39,000 in the prior-year quarter. The gap was wide, but operating expenses also climbed sharply.
Huang Cites 2026 Progress
Dr. Yuping Huang said Quantum Computing made “meaningful progress” during the quarter on the company’s first-quarter 2026 shareholder update call. He said the quarter included two acquisitions, Luminar Semiconductor, Inc. and NuCrypt, LLC, both of which fed into the revenue line.
$3.7 million in revenue was driven primarily by the LSI acquisition in early February and, to a lesser extent, NuCrypt, which was acquired in early March. Excluding those contributions, Quantum Computing generated $204,000 in revenue, with most of that coming from foundry order deliveries and work on a NASA research and development subcontract.
LSI Adds Photonics Depth
LSI added capabilities in lasers, detectors, advanced packaging and testing, plus an established photonics customer base and broader research, development and manufacturing capacity. Huang said LSI includes three subsidiaries: Freedom Photonics, EM4 and Optogration.
Freedom Photonics brings semiconductor laser technology and approximately 25 issued and pending patents. EM4 operates a Class 10,000 certified humidity-controlled clean room facility and supplies several U.S. government programs as well as European defense and space markets. Optogration specializes in chip manufacturing, device assembly, testing and low-volume component production.
Scale Grows to 200 People
NuCrypt’s patent portfolio covers quantum optics, RF photonics and photonic signal processing, and its systems can generate, measure and distribute entangled photons over fiber optic cables. Huang said organizations including NASA, the U.S. Army Research Lab and major research universities have used the technology, while NuCrypt’s quantum communications systems are complementary to Quantum Computing’s existing approach.
Chris Roberts said the larger organization was now close to 200 people. He said the company should benefit from scale in employee benefits and insurance, along with combined business development opportunities, but he does not expect major direct cost savings from eliminating redundancies because the acquired companies operated with lean back-office teams.
$19.8 million in operating expenses put pressure on the quarter even as the acquisitions expanded Quantum Computing’s photonics and quantum communications capabilities. The company is building a vertically integrated photonics and quantum technology platform, and Huang described the added tools as “a complete toolbox.”
