Q/C TECHNOLOGIES, INC. (QCLS)
Q/C Technologies, Inc. focuses its efforts on pioneering advanced quantum-class photonic computing and developing robust blockchain infrastructure. The company possesses the sole worldwide rights to LightSolver's revolutionary Light-speed Laser Processing Unit (LPU). This innovative optical and laser-driven computing system is engineered specifically for applications within the cryptocurrency sector, offering a substantial energy efficiency improvement of up to 90% while simultaneously outperforming both conventional GPUs and even quantum computing systems.
Sector: In Vitro & In Vivo Diagnostic Substances
Industry: Computer Hardware
Q/C Technologies, Inc.
NASDAQ:QCLSTechnology · Computer Hardware
-10.74%$0.4730
AH Close$0.4900+3.59%vs close
AH Close$0.4900+3.59%vs close
Mkt Cap$3.87M
Float7.79M
O/S8.19M
Inst Own9.0%
SI12.2%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$0
Net Income-$11.63M
Total Assets$41.17M
Free Cash Flow-$11.07M
Debt & Equity
Equity 99%
Preferred 1%
Total Debt$0
Total Equity$21.75M
Preferred Stock$145K
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
2-year cumulative
1:100
Nasdaq bars a compliance period at 1:250
- 1:100Reverse splitSep 2, 2025100 shares → 1
Balance Sheet Details
Assets$41.17M
Liabilities$19.41M
Accounts Receivable$18K
Accounts Payable$2.07M
Inventory$0
PP&E (Net)$0
Goodwill$10.5M
Intangible Assets$14.09M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY Growth | - | - | - | - | - | - |
| Cost of Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Margin | - | - | - | - | - | - |
| Research and Development | $3.47M | $3.44M | $7.87M | $9.07M | $6.75M | $2.47M |
| Selling, General, and Administrative | $5.91M | $5.22M | $8.49M | $6.22M | $21.46M | $5.81M |
| Other | $464K | $1.51M | $763K | $0 | $608K | $1.21M |
| Total Operating Expenses | $9.85M | $10.17M | $17.12M | $15.28M | $28.81M | $9.49M |
| Operating Income (EBIT) | -$9.85M | -$10.17M | -$17.12M | -$15.28M | -$28.81M | -$9.49M |
| Operating Margin | - | - | - | - | - | - |
| Interest Expense | $0 | $0 | $0 | $0 | $608K | $0 |
| Interest Income | $225K | $352K | $456K | $84K | $9K | $119K |
| Other Income (Expense) | -$1.78M | -$13.19M | $13.12M | $85K | -$1.08M | $141 |
| Income Before Tax (EBT) | -$11.63M | -$23.36M | -$4M | -$15.2M | -$29.89M | -$9.49M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$11.63M | -$23.36M | -$4M | -$15.2M | -$29.89M | -$9.49M |
| Net Income Margin | - | - | - | - | - | - |
| Supplementary Data | ||||||
| EPS | -8.66 | -1114.54 | -532.80 | -1174.26 | -2560.65 | -14956.00 |
| Diluted EPS | -8.66 | -1114.54 | -532.80 | -1174.26 | -2560.65 | -14956.00 |
| Weighted Average OS | 1.73M | 24,370 | 15,424 | 12,941 | 11,672 | 1,175 |
| EBITDA | -$11.63M | -$8.66M | -$16.36M | -$15.2M | -$29.28M | -$8.27M |
| EBITDA Margin | - | - | - | - | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $987K | $173K | $2.68M | $749K | $556K | $148K |
| Short-Term Investments | $14.8M | $8.35M | $2.24M | $4.09M | $11M | $0 |
| Cash and Short-Term Investments | $15.79M | $8.52M | $4.92M | $4.84M | $11.56M | $148K |
| Accounts Receivable | $18K | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $16.58M | $9.41M | $5.82M | $5.4M | $12.67M | $150K |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $0 | $11K | $47K | $140K | $149K | $527K |
| Goodwill | $10.5M | $10.5M | $10.5M | $10.5M | $10.5M | $0 |
| Intangible Assets | $14.09M | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $1.5M | $1.5M | $1.5M | $1.5M | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $24.59M | $12.01M | $12.05M | $12.14M | $12.15M | $527K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $41.17M | $21.42M | $17.86M | $17.54M | $24.81M | $677K |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $2.07M | $2.52M | $3.08M | $2.36M | $868K | $1.1M |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $71K |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $2.15M | $1.3M | $928K | $0 | -$0 | $0 |
| Total Current Liabilities | $5.53M | $6.7M | $4.99M | $2.77M | $1.04M | $2.35M |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $3.53M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $13.88M | $0 | $101K | $0 | $30K | $0 |
| Total Long-Term Liabilities | $13.88M | $0 | $101K | $76K | $126K | $3.59M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $19.41M | $6.7M | $5.09M | $2.84M | $1.17M | $5.93M |
| Stockholders' Equity | ||||||
| Preferred Stock | $145K | $5.07M | $549K | $145K | $145K | $0 |
| Common Stock | $185K | $3K | $2K | $1K | $102.06M | $4K |
| Retained Earnings | -$144.12M | -$129.14M | -$101.98M | -$93.76M | -$78.56M | -$48.67M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $165.69M | $143.85M | $114.75M | $108.45M | $145K | $43.41M |
| Total Equity | $21.75M | $14.72M | $12.77M | $14.7M | $23.65M | -$5.26M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $41.17M | $21.42M | $17.86M | $17.54M | $24.81M | $677K |
| Supplementary Data | ||||||
| Total Debt | $0 | $11K | $49K | $142K | $149K | $4.13M |
| Net Debt | -$987K | -$163K | -$2.63M | -$607K | -$407K | $3.98M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Operating Activities | ||||||
| Net Income | -$11.63M | -$23.36M | -$4M | -$15.2M | -$29.89M | -$9.49M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $29K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $2.17M | $1.66M | $3.05M | $695K | $90K | $2.86M |
| Changes in Working Capital: | ||||||
| Accounts Receivable | -$18K | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$881K | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$719K | -$917K | $816K | $2.23M | -$5.18M | $15K |
| Total Working Capital Change | -$1.62M | -$917K | $816K | $2.23M | -$5.18M | $15K |
| Other Non-Cash Items | $2.01M | $13.64M | -$12.85M | $3K | $15.46M | -$5.35M |
| Net Cash from Operating | -$9.07M | -$8.98M | -$12.98M | -$12.27M | -$19.52M | -$11.92M |
| Investing Activities | ||||||
| Capital Expenditures | -$2.01M | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $1.38M | $0 |
| Purchases of Investments | -$19.06M | -$12.85M | -$13.45M | -$4.84M | -$13K | -$9.87M |
| Sales of Investments | $12.65M | $6.75M | $15.3M | $11.75M | $18.48M | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $1.11M |
| Net Cash from Investing | -$8.42M | -$6.1M | $1.85M | $6.91M | $19.85M | -$8.76M |
| Financing Activities | ||||||
| Debt Repaid | - | - | - | - | -$1.95M | -$1.43M |
| Common Stock Issuance | $11.73M | $5.05M | $0 | $5.55M | $1.19M | $38.67M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | -$1.43M |
| Net Cash from Financing | $18.3M | $12.57M | $13.07M | $5.55M | $74K | $38.67M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $115K |
| Net Change in Cash | $814K | -$2.51M | $1.93M | $193K | $408K | $18.1M |
| Supplementary Data | ||||||
| Operating Cash Flow | -$9.07M | -$8.98M | -$12.98M | -$12.27M | -$19.52M | -$11.92M |
| Capital Expenditure | -$2.01M | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | -$11.07M | -$8.98M | -$12.98M | -$12.27M | -$19.52M | -$11.92M |
| Cash at Beginning | $173K | $2.68M | $749K | $556K | $148K | $517K |
| Cash at End | $987K | $173K | $2.68M | $749K | $556K | $18.62M |