| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/31/2024 | $27.00 → $52.00 | Buy | H.C. Wainwright |
| 7/19/2022 | $7.00 | Hold | Deutsche Bank |
| 4/26/2022 | $16.00 | Buy | H.C. Wainwright |
LONDON, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (NASDAQ:ARQQ, ARQQW))), a leading provider of quantum-safe encryption, today announced a leadership transition. Andy Leaver, a seasoned software company executive and Operating Partner from Notion Capital, has been appointed as Chief Executive Officer and a member of the Board of Directors, effective today. Co-Founder and current CEO David Williams will step down from his role as CEO and as a member of the Board of Directors. The executive transition reflects a broader transition within the company from its early development stage to a phase of revenue and operational growth. Mr. Williams' entrepreneurial spirit was a driving f
LONDON, Jan. 23, 2022 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. ("Arqit"), a leader in quantum encryption technology, is pleased to announce the appointment of Boon Hui Khoo as an advisor, effective immediately. An internationally-regarded expert in law enforcement and cybersecurity, Boon Hui has led a highly distinguished and decorated career fighting crime for over 40 years. He previously served as Senior Deputy Secretary of Singapore's Home Affairs Ministry, as the Police Commissioner of Singapore from 1997 to 2010, and as President of INTERPOL from 2008 to 2012. He has chaired major international fora, including three of the very first US-Singapore homeland security dialogues, and the bi
Issued on behalf of Scope Technologies Corp. VANCOUVER, BC, Dec. 16, 2024 /PRNewswire/ -- USA News Group News Commentary – Now that quantum computing capabilities are becoming a reality, thanks to another breakthrough, the future frontier of software innovation is nearer than ever. However, with the advent of the new Google Willow Chip, another very real concern is arising—the urgency of post-quantum cryptography migration. Quantum computers are likely to pose a severe threat to currently-used encryption practices. Behind the scenes, several innovative tech companies are working on quantum computing's capabilities both in problem solving and in cybersecurity, with recent developments coming
$293,000 in revenue generated for the full fiscal year Signed seven figure multi-year SKA-PlatformTM enterprise license contract Commence fiscal year 2025 with annual recurring revenue backlog Cash position of $18.7 million at the end of the period LONDON, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (NASDAQ:ARQQ, ARQQW)) ("Arqit" or the "Company"), a leader in quantum safe encryption, today announced its operational and financial results for the fiscal year ended 30 September 2024. Operational Highlights for fiscal year 2024 Arqit reported revenue of $293,000 for the fiscal year. The company executed on contracts during the period for 13 customers. Most contracts were limit
LONDON, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. ("Arqit"), a leader in quantum safe encryption, announced it will report financial results for the fiscal year ending September 30, 2024 on Thursday, December 5, 2024. In conjunction with this announcement, Arqit will host a conference call at 11:00 a.m. ET / 8:00 a.m. PT on December 5, 2024 with the Company's CEO, Andy Leaver, and CFO, Nick Pointon. A live webcast of the call will be available on the "News & Events" page of the Company's website at ir.arqit.uk. To access the call by phone, please go to this link (registration link) and you will be provided with dial in details. To avoid delays, we encourage participants to dial
LONDON, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (NASDAQ:ARQQ, ARQQW))) ("Arqit" or the "Company"), a global leader in quantum encryption technology, today announced that it has entered into a definitive securities purchase agreement with existing shareholders Heritage Assets SCSP, Notion Capital, Carlo Calabria, and Garth Ritchie (collectively, the "Purchasers") for the sale and purchase of 5,440,000 of the Company's ordinary shares, $0.000004 par value per share (the "Ordinary Shares") at an offering price of $2.50 per Ordinary Share, in a registered direct offering (the "Offering"). Arqit director Manfredi Lefebvre d'Ovidio has shared investment and voting power over the sh
LONDON, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (NASDAQ:ARQQ, ARQQW))), a leading provider of quantum-safe encryption, today announced a leadership transition. Andy Leaver, a seasoned software company executive and Operating Partner from Notion Capital, has been appointed as Chief Executive Officer and a member of the Board of Directors, effective today. Co-Founder and current CEO David Williams will step down from his role as CEO and as a member of the Board of Directors. The executive transition reflects a broader transition within the company from its early development stage to a phase of revenue and operational growth. Mr. Williams' entrepreneurial spirit was a driving f
NEWPORT BEACH, Calif., July 16, 2024 (GLOBE NEWSWIRE) -- Gateway Group ("Gateway"), a leading financial communications and digital media advisory firm, today announced the initial sponsor list and latest presenting companies for its annual Gateway Conference taking place at the Four Seasons Hotel in San Francisco on September 4th and 5th. Conference SponsorshipThe Gateway Conference is sponsored by leading firms servicing the financial community. The event provides a rich environment for business development and an effective marketing platform to reach key corporate decision makers. Sponsorships are currently available in the Gold, Silver, and Bronze levels. For additional inform
USA News Group CommentaryIssued on behalf of Scope AI Corp. VANCOUVER, BC, July 9, 2024 /PRNewswire/ -- USA News Group – The age of quantum computing is rapidly approaching, and it's coming faster than we think. Using the principles of quantum theory that explains the behavior of energy and material on the atomic and subatomic levels, quantum computing has the capability to sift through huge numbers of possibilities and extract solutions to complex problems and challenges. Now experts are discussing the interplay of quantum computing, cybersecurity, and AI together, as demonstrated at the recent Tech.eu Summit in London. While today's quantum computers are "extremely error-prone" and capable
$119,000 of revenue for the six month period ended 31 March 2024 with certain prospective deals slipping to the second half of the fiscal year Renewal or contract extension with nine existing customers, representing revenue from small engagements with potential for larger revenue opportunities in the future Recent significant award notification Additional cost reduction initiative commenced, which is expected to reduce operating costs to $1.8 million per month Cash position of $21.3 million at the end of the period LONDON, May 20, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (NASDAQ:ARQQ, ARQQW))) ("Arqit"), a leader in quantum safe encryption, today announced its operational and fin
NEWPORT BEACH, Calif., May 07, 2024 (GLOBE NEWSWIRE) -- Gateway Group ("Gateway"), a leading financial communications and digital media advisory firm, today announced the preliminary list of presenting companies for its annual Gateway Conference taking place at the Four Seasons Hotel in San Francisco on September 4th and 5th. Celebrating 25 years of connecting leading growth companies with global capital markets audiences, Gateway is bringing back its flagship conference in person for the first time since 2019. Over the past decade, the Gateway Conference has served as a vital platform for hundreds of companies, both public and private, across sectors such as technology, cleantech, cons
LONDON, May 06, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. ("Arqit"), a leader in quantum safe encryption, announced it will report financial results for the six months ending March 31, 2024 on Monday, May 20, 2024. In conjunction with this announcement, Arqit will host a conference call at 11:00 a.m. ET / 8:00 a.m. PT on May 20, 2024 with the Company's Founder, Chairman and CEO, David Williams, and CFO, Nick Pointon. A live webcast of the call will be available on the "News & Events" page of the Company's website at ir.arqit.uk. To access the call by phone, please go to this link (registration link) and you will be provided with dial in details. To avoid delays, we encourage participant
H.C. Wainwright reiterated coverage of Arqit Quantum with a rating of Buy and set a new price target of $52.00 from $27.00 previously
Deutsche Bank initiated coverage of Arqit Quantum with a rating of Hold and set a new price target of $7.00
H.C. Wainwright initiated coverage of Arqit Quantum with a rating of Buy and set a new price target of $16.00
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LONDON, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. ("Arqit"), a leader in quantum safe encryption, announced it will report financial results for the fiscal year ending September 30, 2024 on Thursday, December 5, 2024. In conjunction with this announcement, Arqit will host a conference call at 11:00 a.m. ET / 8:00 a.m. PT on December 5, 2024 with the Company's CEO, Andy Leaver, and CFO, Nick Pointon. A live webcast of the call will be available on the "News & Events" page of the Company's website at ir.arqit.uk. To access the call by phone, please go to this link (registration link) and you will be provided with dial in details. To avoid delays, we encourage participants to dial
USA News Group CommentaryIssued on behalf of Scope AI Corp. VANCOUVER, BC, July 9, 2024 /PRNewswire/ -- USA News Group – The age of quantum computing is rapidly approaching, and it's coming faster than we think. Using the principles of quantum theory that explains the behavior of energy and material on the atomic and subatomic levels, quantum computing has the capability to sift through huge numbers of possibilities and extract solutions to complex problems and challenges. Now experts are discussing the interplay of quantum computing, cybersecurity, and AI together, as demonstrated at the recent Tech.eu Summit in London. While today's quantum computers are "extremely error-prone" and capable
$119,000 of revenue for the six month period ended 31 March 2024 with certain prospective deals slipping to the second half of the fiscal year Renewal or contract extension with nine existing customers, representing revenue from small engagements with potential for larger revenue opportunities in the future Recent significant award notification Additional cost reduction initiative commenced, which is expected to reduce operating costs to $1.8 million per month Cash position of $21.3 million at the end of the period LONDON, May 20, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (NASDAQ:ARQQ, ARQQW))) ("Arqit"), a leader in quantum safe encryption, today announced its operational and fin
LONDON, May 06, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. ("Arqit"), a leader in quantum safe encryption, announced it will report financial results for the six months ending March 31, 2024 on Monday, May 20, 2024. In conjunction with this announcement, Arqit will host a conference call at 11:00 a.m. ET / 8:00 a.m. PT on May 20, 2024 with the Company's Founder, Chairman and CEO, David Williams, and CFO, Nick Pointon. A live webcast of the call will be available on the "News & Events" page of the Company's website at ir.arqit.uk. To access the call by phone, please go to this link (registration link) and you will be provided with dial in details. To avoid delays, we encourage participant
LONDON, March 05, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (NASDAQ:ARQQ, ARQQW))) (Arqit), a leader in quantum-safe encryption, today announced a reseller agreement with Total Computers (Total), the digital transformation experts, for Arqit's Symmetric Key Agreement Platform and NetworkSecure™ Adaptor. In an ever-connected world, enterprises need to take urgent action to strengthen their encryption to counter the growing threats from cyber adversaries. Compliant with NSA standards, Arqit's Platform as a Service makes symmetric encryption keys which cannot be broken even by quantum attack. Easily integrated at modest cost with dynamic rotating authentication, Arqit's groundbreaking tech
LONDON, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. ("Arqit"), a global leader in quantum safe encryption, announced it will report financial results for the fiscal year ending September 30, 2023 on Tuesday, November 21, 2023. In conjunction with this announcement, Arqit will host a conference call at 11:00 a.m. ET / 8:00 a.m. PT on November 21, 2023 with the Company's Founder, Chairman and CEO, David Williams, and CFO, Nick Pointon. A live webcast of the call will be available on the "News & Events" page of the Company's website at ir.arqit.uk. To access the call by phone, please go to this link (registration link) and you will be provided with dial in details. To avoid delays,
LONDON, May 03, 2023 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. ("Arqit"), a global leader in quantum encryption technology, announced it will report financial results for the six months ending March 31, 2023 on Wednesday, May 17, 2023. In conjunction with this announcement, Arqit will host a conference call at 11:00 a.m. ET / 8:00 a.m. PT on May 17, 2023 with the Company's Founder, Chairman and CEO, David Williams, and CFO, Nick Pointon. A live webcast of the call will be available on the "News & Events" page of the Company's website at ir.arqit.uk. To access the call by phone, please go to this link (registration link) and you will be provided with dial in details. To avoid delays, we encou
$20 million of revenue and other operating income for the fiscal year Technology innovation expected to have positive impact on future results Recent major channel partner announcements clarify path to success LONDON, Dec. 14, 2022 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (NASDAQ:ARQQ, ARQQW))) ("Arqit"), a global leader in quantum encryption technology, today announced its operational and financial results for the full fiscal year 30 September 2022. Recent Operational Highlights Announced separately today that, as a result of further innovation in our technology, we no longer need to build or operate quantum satellites. Through technical innovation we have emulated the relevant quantum
LONDON, Dec. 02, 2022 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. ("Arqit"), a global leader in quantum encryption technology, announced it will report financial results for the fiscal year ending September 30, 2022 on Wednesday, December 14, 2022. In conjunction with this announcement, Arqit will host a conference call at 11:00 a.m. ET / 8:00 a.m. PT with the Company's Founder, Chairman and CEO, David Williams, and CFO, Nick Pointon. A live webcast of the call will be available on the "News & Events" page of the Company's website at ir.arqit.uk. To access the call by phone, please go to this link (registration link) and you will be provided with dial in details. To avoid delays, we encourag
LONDON, May 12, 2022 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (NASDAQ:ARQQ, ARQQW))) ("Arqit"), a global leader in quantum encryption technology, today announced its operational and financial results for the first half of its fiscal year ending ("FYE") 30 September 2022. Recent Operational Highlights Signed an enterprise licence with Virgin Orbit for QuantumCloud™ to protect its launch and space solutions businesses, which we delivered on and recognised revenue in the first half of FYE 2022.Signed an enterprise licence with AUCloud, Australia's sovereign cloud infrastructure-as-a-service provider, for QuantumCloud™ to provide quantum encryption services, which we delivered on and recog