Quantum Base expects revenue boost but wider loss than forecast

(Alliance News) Quantum Base Holdings PLC on Friday said its annual revenue has "significantly" increased, but its Ebitda loss has widened more than expected, citing contract-related delays.

Shares in Quantum Base climbed 6.9% to 22.99 pence on Friday in London.

The Lancaster, England-based quantum science company specialising in anti-counterfeiting technology said it "has made strong progress", noting "the continued integration of Q-ID with Customer #1, a leading global security printer, and the onboarding of Customer #2, a global art authentication registry."

Quantum Base said it expects to report total revenue between GBP455,000 and GBP595,000 for the year ending April 30, "representing a significant increase" compared with the prior year, for which it reported "maiden revenue of GBP18,000, representing the group's first commercial income from Q-ID technology."

However, it expects its loss before interest, tax, depreciation and amortisation "to be greater than market expectations" due to revenue being deferred into financial 2027.

The company explained that it is "experiencing a few minor delays across customer engagements, meaning that certain contracts...are now anticipated to be entered into in the new financial year," and that around GBP42,000 in initial set-up fees for Customer #2 will also now be recognised in the coming year.

However, Quantum said it is still making considerable progress and remains confident in its underlying commercial momentum. It added that it remains well-funded with GBP3.4 million in net cash as of March 31.

It also noted the launch of its Q-ID Scanner 2.0 on iOS, and that it "has made several key hires in sales and marketing" that it expects to "strengthen [its] commercial pipeline and support revenue growth."

"The scale of our revenue growth from FY25 to FY26 reflects the maturing nature of Quantum Base and its offering over the past year," comments Chief Executive Tom Taylor. "We have moved from early-stage commercial engagement into a business with real, growing revenues and a pipeline of opportunities that will drive significant growth...Our expanded commercial team is now in place and a number of advanced partnership discussions are underway across security printing, pharmaceuticals and brand protection.

"We are now well positioned to build on this momentum, and I look forward to updating shareholders on these discussions in due course."

By Emma Curzon, Alliance News reporter

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