Quantum eMotion Corp. reported Q1 2026 net loss of $3.6 million with minimal revenue, alongside new executive appointments and R&D funding for quantum-secure technology.
Key takeaways
Net loss increased to $3,588,329 in Q1 2026 from $3,351,336 in Q1 2025, driven by higher G&A and R&D expenses.
Cash position remained stable at $245,551 as of March 31, 2026.
Appointed Jason Thomas as Director of Product Development for QeMA effective April 1, 2026.
Secured up to $600,000 NRC IRAP funding for quantum-secure semiconductor R&D with JMEM Tek.
QBUCS project with JMEM Tek advanced on track for quantum-enhanced cryptography commercialization.
Share-based payments expense of $2,066,390 impacted Q1 results.