Filing Flows › Quantum X Labs (QXL) › Q4 2024
Quantum X Labs (QXL) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 21, 2025
Quantum X Labs (QXL) reported revenue of $3.3M for the fourth quarter 2024 (Q4 2024), -79% from a year earlier and -47% from the quarter before. Operating margin was -125.1%, net loss $4.0M (121.4% of revenue).
Quantum X Labs, Q4 2024: revenue $3.3M (-79% year over year), operating margin -125.1%, net loss $4.0M, operating cash flow −$447K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.3M | -47% | -79% |
| Operating profit | −$4.2M | — | — |
| Net earnings | −$4.0M | — | — |
| Operating cash flow | −$447K | — | — |
What changed
Revenue was $3.3M in Q4 2024, down 79% year over year and down 47% from the previous quarter.
Operating costs exceeded revenue by $4.2M, an operating margin of -125.1%. Total costs fell 66% while revenue fell 79%. The quarter ended with a net loss of $4.0M, wider than the previous quarter's $695K loss. Minority interests bore $750K of it: to shareholders the quarter was a loss of $3.3M.
Operating cash flow was −$447K. Non-cash charges added back $730K of depreciation and amortization. Working capital and other items added $2.9M.
Questions
What was Quantum X Labs' revenue in the fourth quarter 2024?
Quantum X Labs (QXL) reported revenue of $3.3M for the fourth quarter 2024 (Q4 2024), -79% from a year earlier and -47% from the quarter before.
Was Quantum X Labs profitable in the fourth quarter 2024?
Operating loss was $4.2M (-125.1% of revenue) and net loss $4.0M.
Source: Quantum X Labs 10-K on SEC EDGAR.