Quantum Computing Stock Is Down 29% This Year. Why the Market Is Excited by $384,000 in Revenue.

While third-quarter results from Quantum Computing might seem like a whole lot of nothing, investors saw them as a sign of progress, driving shares higher. Shortly after the closing bell Friday, Quantum Computing posted $384,000 in revenue, up from $101,000 last year. The increase “reflects continued investment in research and development, engineering, and manufacturing as we position the company for long-term growth,” Quantum Computing said.