# Quantum X Labs Inc. (QXL)

**Exchange:** NASDAQ  
**Sector:** Technology  
**Market cap:** $20M  
**Price:** $4.52 (+6.10%)

> Quantum X Labs Inc. is a technology company specializing in advanced quantum technologies and intellectual property. Headquartered in Israel, the company operates as a multi-disciplinary quantum technology hub focused on research, development, and commercialization of quantum-based solutions for real-world applications. Its activities span quantum computing, quantum sensing, quantum-based navigation systems, and high-precision atomic clocks, as well as quantum algorithms tailored for complex computational tasks. Quantum X Labs Inc. supports applications across defense, aerospace, transportation, cybersecurity, and life sciences, providing enabling technologies for secure communication, resilient navigation alternatives to GPS, and precision timing infrastructure. Through its portfolio of quantum innovations and patents, including work in quantum error correction and algorithm design, the company plays a specialized role in the broader technology sector by offering foundational capabilities that can be integrated into mission-critical systems and advanced industrial and scientific workflows.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2024 | $27M | — | -$837,000 | -$12M | $2.69 |
| 2023 | $80M | — | -$7M | -$7M | $1.97 |
| 2022 | $97M | — | $3M | $28,000 | $0.00 |
| 2021 | $45M | $41,000 | $541,000 | $300,000 | — |
| 2020 | $96,000 | $91,000 | -$454,000 | -$443,000 | — |
| 2019 | $208,000 | $206,000 | -$1M | -$1M | — |
| 2018 | $252,000 | $177,000 | -$578,000 | -$575,000 | — |
| 2015 | — | — | -$8M | -$9M | — |
| 2014 | — | — | — | -$105,049 | — |
| 2013 | — | — | — | -$51,400 | — |
| 2012 | — | — | — | -$50,700 | — |
| 2011 | — | — | — | -$46,830 | — |
| 2010 | — | — | — | — | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2024 | $22M | $16M | $6M | $24,000 | $7M |
| 2023 | $43M | $28M | $15M | $2M | $10M |
| 2022 | $64M | $42M | $22M | $4M | $9M |
| 2021 | $51M | $38M | $14M | $5M | $4M |
| 2020 | $225,000 | $2M | -$2M | $148,000 | — |
| 2019 | $230,000 | $2M | -$2M | $87,000 | — |
| 2018 | $158,000 | $975,153 | -$721,000 | $51,000 | — |
| 2015 | $162,366 | $288,775 | -$126,409 | $115,449 | — |
| 2014 | $41,518 | $137,635 | -$96,117 | $14,411 | — |
| 2013 | — | $278,779 | -$278,779 | — | — |
| 2012 | — | $227,379 | — | — | — |
| 2011 | — | $176,679 | — | — | — |
| 2010 | — | $176,679 | — | — | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2024 | $2M | $1,000 | $2M |
| 2023 | $934,000 | $16,000 | $918,000 |
| 2022 | $3M | $58,000 | $3M |
| 2021 | $4M | $311,000 | $4M |
| 2020 | -$53,000 | — | — |
| 2019 | -$135,000 | $2,000 | -$137,000 |
| 2018 | $30,000 | — | — |
| 2017 | -$630,015 | — | — |
| 2016 | -$858,533 | $23,105 | -$881,638 |
| 2015 | -$1M | $26,224 | -$1M |
| 2014 | -$110,694 | — | — |
| 2013 | -$5,959 | — | — |

Source: [CompaniesByCap](https://companiesbycap.com/company/QXL)