Brief: Arqit Quantum Inc. Announces Financial And Operational Results For The First Half Of Fiscal Year 2024

Arqit Quantum

20/05/2024 13:15

Arqit Quantum Inc  ARQQ.O :
    * ARQIT QUANTUM INC. ANNOUNCES FINANCIAL AND OPERATIONAL
RESULTS
FOR THE FIRST HALF OF FISCAL YEAR 2024
    * ARQIT QUANTUM - ADDITIONAL COST REDUCTION INITIATIVE
COMMENCED,
EXPECTED TO REDUCE OPERATING COSTS TO $1.8 MILLION PER MONTH
    * ARQIT QUANTUM INC -  IN MAY, COMMENCED A COST REDUCTION
INITIATIVE ACROSS ALL BUSINESS FUNCTIONS
    * ARQIT QUANTUM INC -  PRO FORMA FOR COST REDUCTION
INITIATIVE,
WILL HAVE 81 EMPLOYEES AT END OF REPORTING PERIOD
    * ARQIT QUANTUM INC - EXPECTS TO BEGIN GENERATING MORE
SIGNIFICANT
AND CONSISTENT REVENUES BY END OF H1 2025

Source text for Eikon:  ID:nGNX3k8SQ 
Further company coverage:  ARQQ.O