01 Quantum (ONE) Q1 2025 earnings summary

Executive summary

• Focused on advancing post-quantum cybersecurity and cryptography, leveraging expertise in encryption, end-user product development, and expanding enterprise offerings including IronCAP XTM and a PQC-compliant AI platform.

• Positioned to capitalize on accelerating quantum threats and the urgent need for quantum-safe solutions.

• Strategic equity financing in January, including a $920,000 private placement, enabled accelerated R&D, product expansion, and provided sufficient working capital for the product roadmap.

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

• Confident in achieving major product milestones and revenue growth in 2025.

Financial highlights

• Q1 2025 revenue was $86,505, down from $98,470 in Q1 2024, primarily from recurring legacy remote access services.

• Net loss for Q1 2025 was $135,439, compared to $112,281 in Q1 2024.

• Adjusted loss (excluding stock-based compensation and depreciation) was $57,635, nearly flat year-over-year.

• 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.

Outlook and guidance

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

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

• On track to demonstrate a PQC-compliant AI platform in the latter half of 2025 and expand IronCAP XTM to more platforms.

• Expects 2025 to be a pivotal year with mass-market-ready, patent-protected, and patent-pending products.

• Aims to become a unicorn in the PQC enterprise application space within five to ten years.