X. Quantum Labs (QXL) Q1 FY2021 earnings: revenue $8,000, down 78.4% on the year
X. Quantum Labs Inc. (QXL) reported revenue of $8,000 for Q1 FY2021, the quarter ended 31 March 2021, down 78.4% on the same quarter a year earlier as this quarter's filing gives it. Net income was -$80,000, and diluted earnings per share $0.00. The figures are the company's own, from the 10-Q it filed with the SEC on 13 May 2021.
Revenue$8,000down 78.4% on the year
Net income-$80,000
Diluted EPS$0.00
QuarterQ1 FY2021ended 31 March 2021
The quarter, against the one before and a year earlier
| Line | Q1 FY2021 | Quarter before | A year earlier | Change on the year |
|---|---|---|---|---|
| Revenue | 0.0 | n/a | n/a | n/a |
| Gross profit | 0.0 | n/a | n/a | n/a |
| Gross margin | 100.0% | n/a | n/a | |
| Research and development | 0.0 | n/a | n/a | n/a |
| Operating income | -0.1 | n/a | n/a | n/a |
| Operating margin | -912.5% | n/a | n/a | |
| Pre-tax income | -0.1 | n/a | n/a | n/a |
| Net income | -0.1 | n/a | n/a | n/a |
| Net margin | -1000.0% | n/a | n/a | |
| Diluted EPS | $0.00 | n/a | n/a | n/a |
$ million except per share.
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Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed.Cash flow and capital returned
| Line | Q1 FY2021 | Quarter before | A year earlier | Change on the year |
|---|---|---|---|---|
| Operating cash flow | -0.0 | n/a | n/a | n/a |
| Diluted shares, weighted | 35m | n/a | n/a | n/a |
| Shares outstanding at period end | 35m | n/a | n/a | n/a |
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet at quarter end
| Line | Q1 FY2021 | Quarter before | A year earlier | Change on the year |
|---|---|---|---|---|
| Shareholders' equity | -2.2 | n/a | n/a | n/a |
| Short-term borrowings | 0.1 | n/a | n/a | n/a |
| Other liabilities | 2.3 | n/a | n/a | n/a |
| Total liabilities and equity | 0.2 | n/a | n/a | n/a |
| Cash and equivalents | 0.1 | n/a | n/a | n/a |
| Receivables | 0.0 | n/a | n/a | n/a |
| Other assets | 0.0 | n/a | n/a | n/a |
| Total assets | 0.2 | n/a | n/a | n/a |
Questions
What was X. Quantum Labs' revenue in Q1 FY2021?
X. Quantum Labs (QXL) reported revenue of $8,000 for Q1 FY2021, the quarter ended 31 March 2021, down 78.4% on the same quarter a year earlier as the company restated it.
How much did X. Quantum Labs earn in Q1 FY2021?
Net loss for Q1 FY2021 was $80,000, and diluted earnings per share $0.00.
When did X. Quantum Labs report Q1 FY2021 results?
X. Quantum Labs filed its 10-Q for the quarter ended 31 March 2021 with the SEC on 13 May 2021.
Quarterly results, the last 20 quarters
| Q1 FY2021 † | Q2 FY2021 | Q3 FY2021 † | Q4 FY2021 * | Q1 FY2022 † | Q2 FY2022 † | Q3 FY2022 † | Q4 FY2022 * | Q1 FY2023 | Q2 FY2023 | Q3 FY2023 | Q4 FY2023 * | Q1 FY2024 | Q2 FY2024 | Q3 FY2024 | Q4 FY2024 * | Q1 FY2025 † | Q2 FY2025 † | Q3 FY2025 | Q2 FY2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0.0 | 0.0 | 8.1 | 0.0 | 20.4 | 22.9 | 22.8 | 30.5 | 20.9 | 27.2 | 15.7 | 15.9 | 10.0 | 7.3 | 6.3 | 3.3 | 2.7 | 0.4 | 2.7 | 0.3 |
| Gross profit | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Gross margin | 100% | 100% | 0% | 100% | 0% | 0% | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| R&D | 0.0 | 0.0 | 0.5 | 0.0 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.7 | 0.7 | 0.7 | 0.7 | 0.5 | 0.3 | 0.3 | 0.0 | 0.0 | 0.1 | 0.2 |
| Operating income | -0.1 | -0.1 | -0.1 | -0.3 | 0.2 | 0.8 | 0.4 | 1.3 | -0.1 | 0.2 | -1.7 | -6.0 | -1.0 | -5.5 | -0.9 | -4.2 | -0.1 | -1.0 | -3.6 | -1.4 |
| Operating margin | -912% | -435% | -1% | -2911% | 1% | 3% | 2% | 4% | -0% | 1% | -11% | -38% | -10% | -75% | -14% | -125% | -2% | -276% | -134% | -476% |
| Interest expense | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 0.2 | 0.1 | n/a | n/a | 0.1 | 0.1 | n/a |
| Pre-tax income | -0.1 | -0.1 | 0.0 | -0.3 | -0.1 | 0.0 | 0.1 | 1.2 | -0.3 | 0.0 | -1.9 | -6.6 | -1.2 | -8.2 | -0.8 | -4.2 | -2.9 | -8.7 | -4.3 | 2.3 |
| Tax rate | n/a | n/a | -810% | n/a | n/a | -92% | 44% | 7% | n/a | 2175% | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | -4% |
| Net income | -0.1 | -0.1 | 0.1 | -0.3 | -0.3 | -0.3 | -0.1 | 0.7 | -0.4 | -0.1 | -1.5 | -5.3 | -1.0 | -7.2 | -0.6 | -3.3 | -3.7 | -11.7 | -3.4 | 2.5 |
| Net margin | -1000% | -465% | 1% | -3222% | -1% | -1% | -1% | 2% | -2% | -0% | -10% | -33% | -10% | -98% | -9% | -99% | -134% | -3151% | -125% | 848% |
| Diluted EPS | $0.00 | $0.00 | $0.00 | n/a | -$0.02 | -$0.02 | -$0.05 | n/a | -$0.03 | -$0.01 | -$0.14 | -$0.31 | -$0.07 | -$0.48 | -$0.03 | n/a | $0.68 | $1.61 | $0.32 | $0.12 |
| Operating cash flow | -0.0 | -0.0 | 0.5 | -0.0 | -1.9 | 2.5 | 1.6 | 1.1 | 0.0 | 1.0 | -0.3 | 0.2 | 0.1 | 1.3 | 0.5 | -0.4 | -0.4 | -0.4 | -1.7 | n/a |
| Capital expenditure | n/a | n/a | 0.1 | n/a | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 0.2 |
| Free cash flow | n/a | n/a | 0.5 | n/a | -2.0 | 2.5 | 1.6 | 1.1 | 0.0 | 1.0 | -0.3 | 0.2 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Dividends paid | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 0.1 | 0.0 | 0.0 | 0.0 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | 35m | 35m | 35m | 35m | 35m | 35m | 15m | 15m | 15m | 15m | 15m | 15m | 15m | 16m | 21m | 5m | 7m | 9m | 11m | 19m |
| Filing | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-Q |
Each quarter as filed, linked to its filing.
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* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A blank figure marked on a quarter is one the filings do not give on their own: the quarters as filed do not add to the year the company filed, or the year and its quarters stand on different share counts. Each quarter's page says which. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.10-Q for the period ended 31 March 2021, filed 13 May 2021: the filing.