QTEXNasdaqSurgical & Medical Instruments & ApparatusUS GAAP · USD

QTREX Quantum Ltd.

QTREX Quantum Ltd. is a U.S.-listed technology company that develops advanced additively manufactured electronics and specialized hardware for quantum computing infrastructure and other mission-critical applications. The company also maintains a medical technology portfolio that includes respiratory support and blood monitoring platforms.

Liikevaihto0,3milj. USD
Liikevoitto (EBIT)−13,6milj. USD
−20,9 %v/v
EBIT-marginaali−4 713,8%
Nettotulos−13,2milj. USD
−19,6 %v/v
Vapaa kassavirta−10,0milj. USD
−4,5 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−15−10−505milj. USD20202021: EBIT −13 milj. USD20212022: EBIT −15 milj. USD20222023: 0,00 milj. USD2023: EBIT −12 milj. USD20232024: 0,00 milj. USD2024: EBIT −11 milj. USD20242025: 0,29 milj. USD2025: EBIT −14 milj. USD20250,29−14
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Quantum hardware40 %

Connectivity and interface hardware for quantum computing systems and cryostats.

Additively manufactured electronics25 %

Custom electronic components produced using the AME platform for specialized applications.

Defense and mission-critical electronics20 %

Hardware and electronic components for defense, aerospace, missile, and space uses.

Medical technology15 %

Respiratory support and blood monitoring products and related portfolio assets.

Asiakkaat

QTREX sells to customers that need highly customized electronics rather than standard off-the-shelf components. Its recent disclosures point to government-owned industrial customers, quantum hardware buyers, and technical partners evaluating application-specific designs for cryogenic and control systems. The medical portfolio serves healthcare-related end markets through respiratory support and blood monitoring platforms.

Quantum infrastructure customers

Buy custom connectivity and interface hardware for dilution refrigerators, quantum processors, and control systems.

Government-owned industrial customers

Buy proprietary Shielded RF Monolithic components after testing and qualification.

Defense, aerospace, and space programs

Buy AME-based electronics for mission-critical environments that need specialized performance.

Medical technology customers

Buy respiratory support and blood monitoring platforms or related portfolio assets.

Research and strategic partners

Evaluate chip carrier samples and processor-interface designs for future program adoption.

Strategia

QTREX is building a direct-to-customer model for proprietary, application-specific components rather than only selling platform technology. It is also using its manufacturing infrastructure to pursue quantum, defense, aerospace, and other high-specification electronics markets while selectively monetizing parts of its medical portfolio.

Commercialize proprietary quantum componentsLyhyt aikaväli

Direct customer orders validate the move from development to recurring commercial supply.

Scale the AME manufacturing platformKeskipitkä aikaväli

In-house production and multi-technology manufacturing are central to customization and margin potential.

Broaden defense and mission-critical applicationsKeskipitkä aikaväli

These markets reward specialized engineering and can diversify demand beyond quantum computing.

Monetize non-core medical assetsKeskipitkä aikaväli

Selective monetization can simplify the portfolio and free resources for higher-priority electronics programs.

Maantiede

QTREX is a U.S.-listed company with operating and development activity centered in Israel, while selling into international markets. Recent disclosures reference customers outside its home market, including a leading international government-owned company, and the company presents its quantum hardware to industry participants in Boston and other commercial forums.

Riskit

QTREX depends on winning customer qualification, converting samples into purchase orders, and sustaining technical performance in niche hardware markets. It also carries going-concern and financing risk, while its cross-border operations add execution, customer concentration, and regulatory complexity.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Going-concern and financing need1Customer concentration and program dependency2Qualification and adoption risk3Export control and defense regulatory risk4Medical asset monetization risk5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Going-concern and financing needVaikutus: KriittinenTodennäköisyys: Korkea

    The filed financial statements note substantial doubt about continuing as a going concern and the need to raise capital.

    Kohdistuu: Acquired AME operations and broader company funding needs

  2. Customer concentration and program dependencyVaikutus: KorkeaTodennäköisyys: Korkea

    Early commercialization relies on a small number of qualified customers and follow-on purchase orders.

    Kohdistuu: Quantum and Shielded RF component orders

  3. Qualification and adoption riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Custom electronics require extensive testing, approval, and repeatability before larger deployment.

    Kohdistuu: Sample-to-order conversion

  4. Export control and defense regulatory riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Defense, aerospace, missile, and space applications may trigger licensing and compliance obligations.

    Kohdistuu: International and mission-critical customers

  5. Medical asset monetization riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    The company is actively working to monetize parts of the medical business, which may not occur as planned.

    Kohdistuu: Respiratory support and blood monitoring portfolio

Kirjanpito

Harkinnanvaraiset erät
Preliminary purchase price allocation

The acquired AME business is being measured using preliminary fair values that may change as valuation work is completed.

Vaikutus: Could alter goodwill, intangibles, and future amortization

Going-concern assessment

Management and auditors note substantial doubt and a need for additional capital.

Vaikutus: Affects liquidity assumptions and disclosure risk

Custom contract revenue recognition

Orders for specialized components may be recognized at shipment, delivery, or acceptance depending on terms.

Vaikutus: Can shift reported revenue across quarters

Fair value estimates

Acquired technology, equipment, and liabilities require judgmental valuation inputs.

Vaikutus: May affect balance sheet carrying values and future expenses

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 28.9.2026

QTREX Quantum Ltd. (QTEX) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo