Quantum eMotion Corp (QNC)
Quantum eMotion Corp. is a technology enterprise primarily dedicated to the advancement and commercialization of quantum random number generator (QRNG) technology. This firm concentrates its efforts on engineering secure communication tools for critical industries, including finance, banking, defense, mobile networks, and internet telecommunications. The company, which maintains its principal offices in Montreal, Canada, commenced operations on July 19, 2007.
Sector: Services-Prepackaged Software
Industry: Semiconductors
Quantum eMotion Corp.
NYSE:QNCTechnology · Software - Infrastructure
+0.94%$1.07
AH Close$1.09+1.87%vs close
AH Close$1.09+1.87%vs close
Mkt Cap$234.78M
Float212.36M
O/S219.42M
Inst Own26.9%
SI3.9%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$8K
Net Income-$7.52M
Total Assets$30.57M
Free Cash Flow-$2.93M
Debt & Equity
Debt 0%
Equity 100%
Total Debt$40K
Total Equity$30.11M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in QNC's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$30.57M
Liabilities$462K
Accounts Receivable$324K
Accounts Payable$0
Inventory$0
PP&E (Net)$59K
Goodwill$0
Intangible Assets$219K
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | 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 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 |
| Revenue | $8K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY Growth | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | $0 | $16K | $16K | $0 | $16K | $18K | $4K | $0 | $0 | $0 | $0 | $0 | $3K | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $8K | -$16K | -$16K | $0 | -$16K | -$18K | -$4K | $0 | $0 | $0 | $0 | $0 | -$3K | $0 | $0 | $0 | $0 | $0 |
| Gross Margin | 100.0% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Research and Development | $765K | $505K | $411K | $194K | $84K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $7.06M | $1.59M | $1.07M | $1.35M | $1.03M | $560K | $485K | $619K | $1.16M | $146K | $61K | $80K | $72K | $156K | $479K | $54K | $14K | $37K |
| Other | $35K | $0 | $0 | $188 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $657 | $0 | $0 | $70K | $135K |
| Total Operating Expenses | $7.86M | $2.09M | $1.48M | $1.55M | $1.11M | $560K | $485K | $619K | $1.16M | $146K | $61K | $80K | $72K | $157K | $479K | $54K | $85K | $172K |
| Operating Income (EBIT) | -$7.86M | -$2.11M | -$1.49M | -$1.55M | -$1.13M | -$578K | -$489K | -$619K | -$1.16M | -$146K | -$61K | -$80K | -$76K | -$157K | -$479K | -$54K | -$85K | -$172K |
| Operating Margin | -98662.6% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | $20K | $11K | $9K | $18K | $6K | $865 | $461 | $441 | $503 | $203 | $196 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $393K | $14K | $50K | $55K | $908 | $169 | $3K | $6K | $3K | $0 | $0 | $0 | $0 | $0 | $0 | $262 | $254 | $2K |
| Other Income (Expense) | $337K | -$7K | -$207K | -$452K | $7K | $7K | $3K | -$32K | $127K | -$102K | -$225K | $0 | -$118K | -$772K | $2 | $261 | $254 | $2K |
| Income Before Tax (EBT) | -$7.52M | -$2.11M | -$1.7M | -$2M | -$1.12M | -$571K | -$486K | -$651K | -$1.04M | -$247K | -$286K | -$80K | -$194K | -$929K | -$479K | -$54K | -$84K | -$170K |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$7.52M | -$2.11M | -$1.7M | -$2M | -$1.12M | -$571K | -$486K | -$651K | -$1.04M | -$247K | -$286K | -$80K | -$194K | -$929K | -$479K | -$54K | -$84K | -$170K |
| Net Income Margin | -94425.6% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Supplementary Data | ||||||||||||||||||
| EPS | -0.06 | -0.02 | -0.02 | -0.02 | -0.02 | -0.01 | -0.01 | -0.02 | -0.03 | -0.02 | -0.04 | -0.02 | -0.06 | -0.42 | -0.26 | -0.08 | -0.10 | -0.53 |
| Diluted EPS | -0.06 | -0.02 | -0.02 | -0.02 | -0.02 | -0.01 | -0.01 | -0.02 | -0.03 | -0.02 | -0.04 | -0.02 | -0.06 | -0.42 | -0.26 | -0.08 | -0.10 | -0.53 |
| Weighted Average OS | 186.70M | 148.43M | 135.50M | 134.47M | 103.96M | 60.53M | 60.53M | 60.35M | 51.54M | 15.40M | 10.95M | 5.01M | 5.01M | 3.08M | 2.56M | 1.02M | 950,050 | 463,031 |
| EBITDA | -$7.46M | -$2.09M | -$1.48M | -$1.97M | -$1.11M | -$560K | -$485K | -$619K | -$1.16M | -$146K | -$61K | -$80K | -$76K | -$157K | -$479K | -$54K | -$85K | -$172K |
| EBITDA Margin | -93727.8% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | 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 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 |
| Assets | ||||||||||||||||||
| Current Assets | ||||||||||||||||||
| Cash and Cash Equivalents | $176K | $968K | $225K | $1.83M | $734K | $14K | $211K | $646K | $860K | $709K | $26K | $3K | $11K | $2K | $303K | $312K | $34K | $106K |
| Short-Term Investments | $26.34M | $62K | $546K | $647K | $729K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $32K | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $26.51M | $1.03M | $771K | $2.48M | $1.46M | $14K | $211K | $646K | $860K | $709K | $26K | $3K | $11K | $34K | $303K | $312K | $34K | $106K |
| Accounts Receivable | $324K | $33K | $114K | $84K | $41K | $5K | $5K | $37K | $11K | $19K | $1K | $9K | $7K | $39K | $50K | $12K | $34K | $6K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $73K | $25K | $38K | $25K | $36K | $4K | $3K | $12K | $3K | $8K | $8K | $0 | $0 | $0 | $0 | $0 | $182K | $212K |
| Total Current Assets | $26.91M | $1.09M | $923K | $2.59M | $1.54M | $24K | $218K | $695K | $874K | $737K | $36K | $12K | $18K | $73K | $365K | $323K | $250K | $423K |
| Long-Term Assets | ||||||||||||||||||
| Property, Plant & Equipment Net | $59K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $219K | $235K | $251K | $264K | $687K | $457K | $469K | $441K | $429K | $320K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $3.39M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $123K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $0 | $0 | $0 | $144 | $695 | $675 | $2K | $683 | $95K | $215K | $210K | $344K | $865K | $372K | $0 | $0 |
| Total Long-Term Assets | $3.66M | $235K | $251K | $264K | $687K | $457K | $470K | $442K | $553K | $321K | $95K | $215K | $210K | $344K | $865K | $372K | $0 | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $30.57M | $1.32M | $1.17M | $2.85M | $2.23M | $481K | $688K | $1.14M | $1.43M | $1.06M | $131K | $227K | $228K | $416K | $1.23M | $695K | $250K | $423K |
| Liabilities | ||||||||||||||||||
| Current Liabilities | ||||||||||||||||||
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $30K | $20K | $139K | $14K | $7K | $138K |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $422K | $337K | $133K | $267K | $240K | $299K | $34K | $45K | $114K | $76K | $37K | $97K | $17K | $0 | $3K | $5K | $0 | $0 |
| Total Current Liabilities | $450K | $337K | $133K | $267K | $240K | $299K | $34K | $45K | $114K | $76K | $37K | $97K | $47K | $20K | $142K | $19K | $7K | $138K |
| Long-Term Liabilities | ||||||||||||||||||
| Long-Term Debt | $0 | $33K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $29K | $0 | $38K | $23K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $12K | $33K | $29K | $0 | $38K | $23K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $462K | $370K | $162K | $267K | $278K | $322K | $34K | $45K | $114K | $76K | $37K | $97K | $47K | $20K | $142K | $19K | $7K | $138K |
| Stockholders' Equity | ||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $41.42M | $11.01M | $9.56M | $9.48M | $7.31M | $4.53M | $4.64M | $4.5M | $4.22M | $3.31M | $2.21M | $1.88M | $1.87M | $1.97M | $1.73M | $1M | $503K | $440K |
| Retained Earnings | -$19.02M | -$11.49M | -$9.38M | -$7.61M | -$5.72M | -$4.58M | -$4.56M | -$3.98M | -$3.4M | -$2.4M | -$2.18M | -$1.82M | -$1.73M | -$1.66M | -$744K | -$327K | -$279K | -$170K |
| Comprehensive Income & Other | $210K | $330K | $0 | $0 | $0 | $9K | $573K | $569K | $494K | $67K | $61K | $71K | $43K | $84K | $98K | $2K | $5K | $4K |
| Other Stockholders' Equity | $7.7M | $1.43M | $831K | $720K | $364K | $209K | $573K | $569K | $494K | $67K | $61K | $71K | $43K | $84K | $98K | $2K | $19K | $16K |
| Total Equity | $30.11M | $953K | $1.01M | $2.59M | $1.95M | $158K | $654K | $1.09M | $1.31M | $981K | $94K | $130K | $181K | $396K | $1.09M | $676K | $243K | $286K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $30.57M | $1.32M | $1.17M | $2.85M | $2.23M | $481K | $688K | $1.14M | $1.43M | $1.06M | $131K | $227K | $228K | $416K | $1.23M | $695K | $250K | $423K |
| Supplementary Data | ||||||||||||||||||
| Total Debt | $40K | $33K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Debt | -$136K | -$935K | -$225K | -$1.83M | -$734K | -$14K | -$211K | -$646K | -$860K | -$709K | -$26K | -$3K | -$11K | -$2K | -$303K | -$312K | -$34K | -$106K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | 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 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 |
| Operating Activities | ||||||||||||||||||
| Net Income | -$7.31M | -$2.11M | -$1.7M | -$1.98M | -$1.12M | -$571K | -$486K | -$651K | -$1.04M | -$247K | -$286K | -$80K | -$194K | -$929K | -$479K | -$54K | -$84K | -$170K |
| Depreciation & Amortization | $35K | $16K | $16K | $16K | $16K | $18K | $4K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $4.87M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||
| Accounts Receivable | -$291K | $80K | -$29K | -$44K | -$36K | -$545 | $33K | -$27K | $9K | -$9K | $8K | -$2K | $30K | $12K | -$39K | $19K | -$27K | -$4K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $11K | -$9K | $13K | $7K | -$150K | $138K |
| Other Working Capital | -$1K | $217K | -$120K | $13K | -$93K | $250K | -$2K | -$76K | $43K | $30K | -$26K | $14K | $935 | $11K | -$9K | -$1K | $0 | $0 |
| Total Working Capital Change | -$292K | $298K | -$149K | -$31K | -$129K | $249K | $31K | -$103K | $51K | $21K | -$18K | $12K | $42K | $14K | -$35K | $24K | -$178K | $134K |
| Other Non-Cash Items | -$209K | $297K | $350K | $853K | $181K | $75K | $15K | $134K | $355K | $144K | $225K | $28K | $118K | $772K | $156K | $3K | $0 | $12K |
| Net Cash from Operating | -$2.9M | -$1.5M | -$1.48M | -$1.14M | -$1.05M | -$229K | -$437K | -$619K | -$628K | -$82K | -$79K | -$40K | -$34K | -$143K | -$358K | -$26K | -$262K | -$25K |
| Investing Activities | ||||||||||||||||||
| Capital Expenditures | -$23K | $0 | -$250K | -$5K | -$244K | $0 | -$19K | -$20K | -$106K | -$89K | -$639 | -$1K | -$2K | -$296K | -$153K | -$85K | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$29.45M | -$411K | -$240K | -$827K | -$1.05M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $888K | $349K | $818K | $334K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $534 | $0 | $88K | -$2K | -$681 | $0 | $0 | $0 | $0 | $0 | $0 | $174K | -$308K |
| Net Cash from Investing | -$29.47M | $476K | -$140K | -$15K | -$962K | $534 | -$19K | $68K | -$108K | -$89K | -$639 | -$1K | -$2K | -$296K | -$153K | -$85K | $174K | -$308K |
| Financing Activities | ||||||||||||||||||
| Debt Repaid | $13K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $32.78M | $1.77M | $0 | $2.27M | $2.72M | $9K | $0 | $353K | $882K | $854K | $156K | -$478 | $0 | $169K | $509K | $199K | $0 | $410K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$420 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$1.19M | $0 | $0 | $0 | $14K | $29K | $0 | $0 | $0 | $0 | -$53K | $34K | $17K | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | $31.58M | $1.77M | $0 | $2.27M | $2.74M | $38K | $0 | $353K | $882K | $854K | $103K | $34K | $16K | $169K | $509K | $199K | $0 | $410K |
| Forex Effect | $0 | -$19K | $41K | -$52K | $104 | $4K | $34K | -$76K | $47K | $923 | -$670 | -$1K | $29K | -$25K | -$13K | $191K | $18K | $28K |
| Net Change in Cash | -$793K | $724K | -$1.58M | $1.06M | $719K | -$188K | -$422K | -$275K | $193K | $684K | $22K | -$9K | $10K | -$296K | -$14K | $279K | -$69K | $106K |
| Supplementary Data | ||||||||||||||||||
| Operating Cash Flow | -$2.9M | -$1.5M | -$1.48M | -$1.14M | -$1.05M | -$229K | -$437K | -$619K | -$628K | -$82K | -$79K | -$40K | -$34K | -$143K | -$358K | -$26K | -$262K | -$25K |
| Capital Expenditure | -$23K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$3 | $0 | -$3 | -$1K | -$2 | $0 | $0 | $0 | $2 | $2 |
| Free Cash Flow | -$2.93M | -$1.5M | -$1.48M | -$1.14M | -$1.05M | -$229K | -$437K | -$619K | -$628K | -$82K | -$79K | -$42K | -$34K | -$143K | -$358K | -$26K | -$262K | -$25K |
| Cash at Beginning | $969K | $244K | $1.81M | $774K | $14K | $202K | $632K | $921K | $668K | $26K | $4K | $12K | $2K | $297K | $317K | $32K | $103K | $0 |
| Cash at End | $176K | $968K | $225K | $1.83M | $734K | $14K | $211K | $646K | $860K | $709K | $26K | $3K | $11K | $2K | $303K | $312K | $34K | $106K |