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Horizon Quantum Holdings Ltd.
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Latest Quote
$15.46
| Previous Close | $15.18 |
| Open | $15.07 |
| Day High | $15.60 |
| Day Low | $15.07 |
| Volume | 22,142 |
Stock Information
| Shares Outstanding | 34.23M |
| Total Debt | $368K |
| Cash Equivalents | $113.25M |
| Revenue | $175 |
| Net Income | $-128.89M |
| Sector | Technology |
| Industry | Software - Infrastructure |
| Market Cap | $834.41M |
| EPS (TTM) | $-0.36 |
| Exchange | NCM |
Recent Price History
About Horizon Quantum Holdings Ltd.
Horizon Quantum Holdings Ltd. develops programming tools and software that simplify and automate the process of developing applications for quantum computers. The company provides programming tools that enable developers to construct reusable quantum circuits from functions written in classical languages such as C and C++. Its offerings include code portability features for compiling and optimizing quantum programs to map to various quantum hardware, and a web-based integrated development environment called Triple Alpha for writing, compiling, and deploying quantum software at different abstraction levels. The tools automate the construction of quantum algorithms from classical code and support concurrent classical and quantum computation. The company serves software developers and professionals in technology industries, as well as users seeking to develop or optimize software for quantum hardware across various computational fields. Horizon Quantum Holdings Ltd. has a strategic collaboration with Q.M Technologies Ltd. to enhance efficiency of quantum systems. The company was founded in 2018 and is based in Singapore.
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Income Statement (Annual)
| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Revenue | ||
| Total Revenue | $264,797 | $37,856 |
| Operating Revenue | $264,797 | $37,856 |
| Expenses | ||
| Interest Expense | $36,378 | $1,771 |
| Total Expenses | $6,039,884 | $3,830,003 |
| Other Income Expense | $307,228 | $-124,553 |
| Other Non Operating Income Expenses | $91,271 | $1,156 |
| Net Non Operating Interest Income Expense | $-36,378 | $-1,771 |
| Interest Expense Non Operating | $36,378 | $1,771 |
| Operating Expense | $6,039,884 | $3,830,003 |
| Selling And Marketing Expense | $725,667 | $554,818 |
| General And Administrative Expense | $2,141,453 | $1,379,459 |
| Income & Earnings | ||
| Net Income From Continuing Operation Net Minority Interest | $-5,504,236 | $-3,918,471 |
| Net Interest Income | $-36,378 | $-1,771 |
| Normalized Income | $-5,720,194 | $-3,792,762 |
| Net Income From Continuing And Discontinued Operation | $-5,504,236 | $-3,918,471 |
| Total Operating Income As Reported | $-5,775,086 | $-3,792,147 |
| Net Income Common Stockholders | $-5,504,236 | $-3,918,471 |
| Net Income | $-5,504,236 | $-3,918,471 |
| Net Income Including Noncontrolling Interests | $-5,504,236 | $-3,918,471 |
| Net Income Continuous Operations | $-5,504,236 | $-3,918,471 |
| Pretax Income | $-5,504,236 | $-3,918,471 |
| Operating Income | $-5,775,086 | $-3,792,147 |
| Depreciation Amortization Depletion Income Statement | $629,077 | $200,192 |
| Depreciation And Amortization In Income Statement | $629,077 | $200,192 |
| Per Share | ||
| Diluted EPS | $-0.11 | $-0.08 |
| Basic EPS | $-0.11 | $-0.08 |
| Other | ||
| Tax Effect Of Unusual Items | $0 | $0 |
| Tax Rate For Calcs | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $-5,054,739 | $-3,590,799 |
| Total Unusual Items | $215,958 | $-125,709 |
| Total Unusual Items Excluding Goodwill | $215,958 | $-125,709 |
| Reconciled Depreciation | $629,018 | $200,192 |
| EBITDA (Bullshit earnings) | $-4,838,781 | $-3,716,508 |
| EBIT | $-5,467,858 | $-3,916,700 |
| Diluted Average Shares | $51,196,571 | $51,196,571 |
| Basic Average Shares | $51,196,571 | $51,196,571 |
| Diluted NI Availto Com Stockholders | $-5,504,236 | $-3,918,471 |
| Tax Provision | $0 | $0 |
| Gain On Sale Of Security | $215,958 | $-125,709 |
| Research And Development | $2,543,686 | $1,695,533 |
| Selling General And Administration | $2,867,120 | $1,934,278 |
| Other Gand A | $2,141,453 | $1,379,459 |
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Assets | |||
| Net Tangible Assets | $-4,688,836 | $7,616,542 | $13,393,839 |
| Total Assets | $4,835,564 | $8,753,396 | $13,594,508 |
| Total Non Current Assets | $3,865,498 | $2,856,770 | $698,225 |
| Non Current Prepaid Assets | $175,252 | $69,948 | $33,454 |
| Goodwill And Other Intangible Assets | $22,584 | $25,268 | $29,986 |
| Other Intangible Assets | $22,584 | $25,268 | $29,986 |
| Current Assets | $970,065 | $5,896,626 | $12,896,283 |
| Prepaid Assets | $746,953 | $751,829 | - |
| Receivables | $0 | $272,153 | $0 |
| Accounts Receivable | $0 | $110,332 | $0 |
| Cash Cash Equivalents And Short Term Investments | $223,112 | $4,872,644 | $12,501,523 |
| Cash And Cash Equivalents | $223,112 | $4,872,644 | $12,501,523 |
| Other Current Assets | - | $1,242,134 | $394,761 |
| Other Receivables | - | $161,821 | - |
| Debt | |||
| Total Debt | $485,323 | $594,783 | $20,639 |
| Long Term Debt And Capital Lease Obligation | $88,991 | $332,478 | $0 |
| Current Debt And Capital Lease Obligation | $396,333 | $262,305 | $20,639 |
| Liabilities | |||
| Total Liabilities Net Minority Interest | $9,501,816 | $1,111,586 | $170,683 |
| Total Non Current Liabilities Net Minority Interest | $88,991 | $332,478 | $0 |
| Current Liabilities | $9,412,826 | $779,107 | $170,683 |
| Other Current Liabilities | $6,411,863 | - | $-1 |
| Payables And Accrued Expenses | $2,604,630 | $516,803 | $150,045 |
| Payables | $2,431,559 | $468,004 | $94,849 |
| Other Payable | $2,431,559 | $468,004 | $94,849 |
| Accounts Payable | - | $465,645 | $0 |
| Equity | |||
| Common Stock Equity | $-27,128,727 | $-13,587,610 | $-8,428,108 |
| Preferred Stock Equity | $22,462,474 | $21,229,420 | $21,851,933 |
| Total Equity Gross Minority Interest | $-4,666,253 | $7,641,810 | $13,423,825 |
| Stockholders Equity | $-4,666,253 | $7,641,810 | $13,423,825 |
| Gains Losses Not Affecting Retained Earnings | $112,536 | $-7,052 | $5,753 |
| Other Equity Adjustments | $112,536 | $-7,052 | $5,753 |
| Retained Earnings | $-34,668,704 | $-15,799,682 | $-10,597,341 |
| Other | |||
| Ordinary Shares Number | $51,196,571 | $51,196,571 | $51,196,571 |
| Share Issued | $51,196,571 | $51,196,571 | $51,196,571 |
| Tangible Book Value | $-27,151,311 | $-13,612,878 | $-8,458,094 |
| Invested Capital | $-27,128,727 | $-13,587,610 | $-8,428,108 |
| Working Capital | $-8,442,761 | $5,117,519 | $12,725,600 |
| Capital Lease Obligations | $485,323 | $594,783 | $20,639 |
| Total Capitalization | $-4,666,253 | $7,641,810 | $13,423,825 |
| Additional Paid In Capital | $7,423,550 | $2,215,447 | $2,159,695 |
| Capital Stock | $22,466,365 | $21,233,097 | $21,855,719 |
| Common Stock | $3,891 | $3,678 | $3,786 |
| Preferred Stock | $22,462,474 | $21,229,420 | $21,851,933 |
| Long Term Capital Lease Obligation | $88,991 | $332,478 | $0 |
| Current Capital Lease Obligation | $396,333 | $262,305 | $20,639 |
| Current Accrued Expenses | $173,071 | $48,798 | $55,195 |
| Net PPE | $3,667,663 | $2,761,554 | $634,786 |
| Accumulated Depreciation | $-1,130,301 | $-552,679 | $-168,337 |
| Gross PPE | $4,797,964 | $3,314,233 | $803,123 |
| Leases | $908,094 | $833,921 | $0 |
| Other Properties | $3,008,036 | $1,817,383 | $17,791 |
| Machinery Furniture Equipment | $881,834 | $662,929 | $592,515 |
| Properties | $0 | $0 | $0 |
| Construction In Progress | - | $0 | $192,816 |
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Free Cash Flow | |||
| Free Cash Flow | $-10,620,559 | $-7,475,383 | $-4,121,887 |
| Operating Activities | |||
| Operating Cash Flow | $-10,219,974 | $-5,464,466 | $-3,678,617 |
| Cash Flow From Continuing Operating Activities | $-10,219,974 | $-5,464,466 | $-3,678,617 |
| Operating Gains Losses | $843,848 | $-189,149 | $128,629 |
| Investing Activities | |||
| Capital Expenditure | $-400,584 | $-2,010,917 | $-443,271 |
| Investing Cash Flow | $-400,584 | $-2,010,917 | $-443,271 |
| Cash Flow From Continuing Investing Activities | $-400,584 | $-2,010,917 | $-443,271 |
| Financing Activities | |||
| Financing Cash Flow | $5,899,591 | $0 | $5,026,894 |
| Cash Flow From Continuing Financing Activities | $5,899,591 | $0 | $5,026,894 |
| Issuance Of Capital Stock | - | $0 | $5,026,894 |
| Net Preferred Stock Issuance | - | $0 | $5,026,894 |
| Preferred Stock Issuance | - | $0 | $5,026,894 |
| Other | |||
| Issuance Of Debt | $5,899,591 | $0 | - |
| End Cash Position | $223,112 | $4,872,644 | $12,501,523 |
| Beginning Cash Position | $5,155,659 | $12,145,382 | $11,719,392 |
| Effect Of Exchange Rate Changes | $-211,579 | $202,645 | $-122,876 |
| Changes In Cash | $-4,720,967 | $-7,475,383 | $905,007 |
| Net Issuance Payments Of Debt | $5,899,591 | $0 | - |
| Net Short Term Debt Issuance | $5,899,591 | $0 | - |
| Short Term Debt Issuance | $5,899,591 | $0 | - |
| Net Intangibles Purchase And Sale | $0 | $-321 | $0 |
| Purchase Of Intangibles | $0 | $-321 | $0 |
| Net PPE Purchase And Sale | $-400,584 | $-2,010,596 | $-443,271 |
| Purchase Of PPE | $-400,584 | $-2,010,596 | $-443,271 |
| Change In Working Capital | $988,564 | $-517,375 | $-331,411 |
| Change In Other Current Liabilities | $-302,683 | $-210,496 | $-120,889 |
| Change In Payables And Accrued Expense | $1,467,015 | $371,033 | $-83,191 |
| Change In Payable | $1,467,015 | $371,033 | $-83,191 |
| Change In Prepaid Assets | $-292,508 | $-567,581 | $-127,330 |
| Change In Receivables | $116,741 | $-110,332 | $0 |
| Changes In Account Receivables | $116,741 | $-110,332 | $0 |
| Stock Based Compensation | $5,079,426 | $117,277 | $242,444 |
| Depreciation Amortization Depletion | $819,528 | $629,018 | $200,192 |
| Depreciation And Amortization | $819,528 | $629,018 | $200,192 |
| Amortization Cash Flow | $4,152 | $4,183 | $4,295 |
| Amortization Of Intangibles | $4,152 | $4,183 | $4,295 |
| Depreciation | $815,376 | $624,835 | $195,897 |
| Gain Loss On Investment Securities | $512,272 | - | - |
| Net Foreign Currency Exchange Gain Loss | $331,576 | $-189,149 | $128,629 |
| Net Income From Continuing Operations | $-17,951,339 | $-5,504,236 | $-3,918,471 |
| Interest Paid Supplemental Data | - | $0 | $0 |
| Change In Account Payable | - | $371,033 | $-83,191 |