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The quantum computing company reported $8 million in second-quarter revenue, up 279% year over year, while its GAAP net loss swelled to $597 million
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Quantinuum reported second-quarter revenue of $8 million on Tuesday, its first earnings release since going public, as losses widened sharply from the same period a year earlier.
Revenue rose 279% from $2 million in the prior-year period. That topped the $7.6 million consensus estimate, according to Barron's. The company attributed the outperformance to growing uptake of its cloud computing services.
