Infleqtion Inc (NYSE:INFQ) shares are bouncing around in Thursday’s after-hours session after the company posted results for the first quarter.
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Infleqtion Q1 Highlights
Infleqtion reported first-quarter revenue of $9.5 million, up 14% year-over-year. The neutral-atom quantum computing and sensing company used $19.2 million of cash in operations, and reported an adjusted operating loss of $13.2 million.
Infleqtion said its first-quarter performance reflects execution across the company’s quantum computing, sensing and software portfolio. Results were supported by “expanding customer activity” in national security, space and hybrid quantum-AI applications.
