Arqit Quantum Inc Stock Price, News & Analysis

Arqit Quantum (Nasdaq: ARQQ) has appointed Jonathan Nguyen-Duy as its new Chief Technology Officer (CTO). The quantum-safe encryption leader's new executive brings extensive cybersecurity experience from both enterprise and federal sectors.

Nguyen-Duy's background includes senior technical leadership positions at Intel and Fortinet, where he led security technology development teams. He previously served as Security CTO at Verizon, where he managed strategic partnerships and the Cyber Intelligence Center.

According to CEO Andy Leaver, the appointment aligns with Arqit's mission to protect global data from current and future cyber threats, with Nguyen-Duy's expertise expected to drive innovation and scaling of the company's quantum-safe encryption solutions.

Arqit Quantum Inc. (Nasdaq: ARQQ) has announced that RSG Telecom has signed a test and integration license for Arqit's NetworkSecure™ technology. The partnership aims to implement quantum-safe encryption solutions across RSG's telecom infrastructures to enhance data protection against cyber threats.

The collaboration leverages Arqit's symmetric key agreement technology (SKA-Platform™) to protect critical and sensitive data from cybercriminals, hackers, and nation-state actors. The cloud-based solution is designed to be highly scalable and secure against both current and future quantum threats.

Arqit Quantum Inc. (Nasdaq: ARQQ) has secured a significant three-year contract with a global tier 1 telco operator for its NetworkSecure™ technology. The telecommunications partner, which operates across 32 countries with over 600,000 km of fiber backbone, will integrate Arqit's Quantum-Safe technology into its Network-as-a-Service (NaaS) suite.

The agreement enables the telco to offer Quantum-Safe over Internet (QSI) service to enterprise and government customers worldwide through its NaaS platform. This partnership represents a strategic move to protect communications against emerging cyber threats, particularly those posed by quantum computing. Arqit indicates potential for expansion beyond the initial contract as demand scales.

Arqit Quantum, a quantum-safe encryption leader, released preliminary financial results for H1 FY2025. The company expects to report revenue between $18,000 to $67,000 and cash/cash equivalents of $24.7 million as of March 31, 2025.

A previously announced multi-year enterprise license contract in EMEA for a government end user faced delays, with revenue generation starting only in late March 2025 instead of early H1. The contract is expected to generate seven-figure annual recurring revenue.

The company's motion to dismiss a putative class action lawsuit was denied on March 28, 2025. Arqit maintains strong defenses and plans to vigorously defend against the allegations. Complete H1 results will be reported in May 2025.

Arqit Quantum, a leader in quantum-safe encryption, has announced that CEO Andy Leaver will participate in a discussion with H.C. Wainwright Equity Research Analyst Scott Buck on February 6, 2025, at 10:00 a.m. ET. The conversation will focus on next-generation encryption and Arqit's business. The event will be accessible via webcast, with participants encouraged to join fifteen minutes before the start time. A replay will be available for a time at ir.arqit.uk.

Arqit Quantum reported financial results for fiscal year 2024, generating revenue of $293,000, down from $640,000 in 2023. The company executed contracts with 13 customers and secured a significant multi-year enterprise license contract in EMEA expected to generate seven-figure annual recurring revenue.

Key operational highlights include joining the Intel Partner Alliance, being named a 2024 IDC Innovator for post-quantum cryptography, and appointing Andy Leaver as CEO. The company ended the period with $18.7 million in cash, after raising $13.6 million through a registered direct offering. Operating costs averaged $2.3 million monthly, with projected reduction to $2.15 million for FY2025.

Arqit Quantum, a quantum safe encryption company, has scheduled its fiscal year 2024 financial results conference call for Thursday, December 5, 2024, at 11:00 a.m. ET / 8:00 a.m. PT. CEO Andy Leaver and CFO Nick Pointon will host the call. Investors can access the live webcast through the company's website at ir.arqit.uk. Participants are encouraged to dial in fifteen minutes before the start time using the provided registration link. A replay will be available on the company's website.

Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW), a global leader in quantum encryption technology, has announced a $13.6 million registered direct offering of 5,440,000 ordinary shares at $2.50 per share to existing shareholders. The company will also issue unregistered warrants to purchase up to 5,440,000 additional shares in a concurrent private placement. The warrants will be exercisable one year from issuance, subject to certain conditions.

The offering is expected to close around September 30, 2024. Arqit plans to use the net proceeds for general corporate purposes. The ordinary shares are being offered under an effective shelf registration statement, while the warrants and warrant shares are being offered in a private placement under Section 4(a)(2) of the Securities Act.

Arqit Quantum Inc. (Nasdaq: ARQQ) has announced a 25:1 reverse share split, effective September 25, 2024. This decision follows shareholder approval at the annual general meeting on September 18, 2024. The company's authorized share capital will be consolidated, with ordinary shares continuing to trade on the Nasdaq Capital Market under the symbol 'ARQQ'. No fractional shares will be issued, and positions will be rounded up to the nearest whole number.

The reverse split will affect outstanding warrants, adjusting their exercise prices and the number of shares issuable. This move is aimed at regaining compliance with Nasdaq's minimum $1.00 bid price requirement, following notifications of non-compliance received in October 2023 and an extension granted in April 2024.