Most people do NOT think that QBTS can keep generating more shares and continue to report losses. Most people DO need to see QBTS become profitable. Only a small fraction of investors (those that have been duped) think that a quantum company does not need to show a profit. These repeated losses might have been fine in 2018, but that promise for the company to produce a return on investment has been broken so many times, it is losing so much credibility that it is now damaging the company each quarter.
Quarter's summary:
QBTS again has far missed the level of revenue that is needed for the current stratospheric valuation. QBTS needs revenue of $500 million per quarter. They posted only $2.7 million. This also missed expectations.
QBTS again posted a huge loss. They posted a loss of $42.3 million for the quarter. This is far, far larger than total revenue. They missed analysts' estimate
This is a laughing stock.
The number of shares ballooned hugely. Last year, they had 233 million shares. I said they would hugely dissapoint investors if they posted over 350 million shares are sloshing around out there. They significantly exceeded that number of shares. The company deserves to be valued below $10 per share and I think it is headed there soon.
Wow, 359 million shares of stock now out there (number of shares up by 54% over the past 12 months), and more being generated each month. QBTS to go down below $10 per share.
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