QTREX Quantum Posts Record $1.55M H1 Revenue, Launches INSU300 for Quantum Computing
QTEX has more than doubled off its 52-week low of $0.283.
Summary
QTREX Quantum reported first half 2026 revenue of $1.55 million, up 438% year-over-year, with a 61% gross margin — all from the AME and Quantum segment acquired in April. The company also launched INSU300, its first native RF dielectric for superconducting quantum computing, on September 23, with initial deployments at two government and defense organizations for validation. Management expects to announce additional commercial agreements in Q4 and provide a 2027 financial outlook reflecting a substantially larger business. The company holds $10.7 million in cash as of June 30, plus $9.2 million net from an August registered direct offering, providing runway for its expansion. This follows a series of technical milestones and commercial orders announced over the past three months, including deployment by an Israeli defense company and progress with a leading quantum computing firm. The key near-term catalyst is the Q4 commercial agreement announcements and 2027 guidance, which will clarify the revenue trajectory.
Updates
· SEC 6-K — The 6-K includes interim financial statements and MD&A; net loss was $6.4 million, or $0.14 per share, with operating loss of $6.9 million.
At the time of this announcement, QTEX was trading at $0.76 on NASDAQ in the Technology sector, with a market capitalization of approximately $51.6M. The 52-week trading range was $0.28 to $3.85. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.