01 Quantum (ONE) Q1 2025 earnings summary

Executive summary

• Q1 2025 operated at breakeven or a net loss of $135,439 on $86,505 revenue, supported by $920,000 in strategic equity financing, enabling accelerated R&D and product development for PQC-compliant solutions.

• Focus remains on advancing post-quantum cybersecurity, with significant progress in enterprise end-user applications, AI platform technology, and expansion of IronCAP XTM.

• Patent application filed for a platform bridging sensitive AI users and model vendors, enabling secure, quantum-safe AI operations.

• Entered a partnership with Real Matter Technology to integrate PQC into fintech and semiconductor products targeting banks and VASPs.

• Revenue from legacy products continues, though slightly impacted by unfavorable exchange rates.

Financial highlights

• Q1 2025 maintained a breakeven or near-flat adjusted loss position, with recurring revenue from legacy products and a net loss of $135,439.

• Strategic equity financing in January raised $920,000, providing capital for expansion and accelerated product development.

• Cash operating expenses (excluding non-cash items) were $135,740, down from $147,725 year-over-year.

• Ended the quarter with $1,011,066 in cash and GIC, supporting ongoing development.

• Basic and diluted loss per share for Q1 2025 was $0.00, unchanged from Q1 2024.

Outlook and guidance

• 2025 expected to be pivotal, with major product milestones and revenue growth anticipated as sales and marketing ramp up.

• Confident in achieving leadership in PQC-compliant enterprise end-user products and capturing mass market demand.

• Public demonstration of the new PQC-compliant AI platform expected within months, targeting real-world use cases like credit card fraud detection.

• Plans to increase product development and sales/marketing activities throughout 2025.

• Revenue growth expected to shift from legacy services to PQC-compliant quantum-safe technologies.