• Quantum Computing Inc. (NASDAQ:QUBT) is accused of securities fraud related to overstating its technology and relationships.
• The company reported a significant miss in earnings per share (EPS) and revenue, with EPS of -$0.47 and revenue of $62,000.
• Despite the ongoing lawsuit and financial challenges, a key figure sold 200,000 shares, while the stock price reflects a decrease of approximately 8.65%.

Quantum Computing Inc. (NASDAQ:QUBT) is currently embroiled in a class action securities lawsuit, urging investors to reach out to the law firm Levi & Korsinsky by April 28, 2025. The lawsuit alleges that the company committed securities fraud by exaggerating the capabilities of its quantum computing technologies and the nature of its partnership with NASA. Furthermore, it is accused of misrepresenting the progress of its thin film lithium niobate foundry and engaging in undisclosed related party transactions with Quad M and millionways, negatively impacting its revenue figures.

The financial health of QUBT has been a major concern, particularly after the company disclosed an earnings per share (EPS) of -$0.47 on March 20, 2025, which starkly missed the anticipated EPS of -$0.05. Additionally, the actual revenue reported was $62,000, significantly lower than the forecasted $200,000. These disappointing financial results may be connected to the allegations made in the lawsuit.

On March 25, 2025, Huang Yuping, a significant figure at QUBT as the director, 10 percent owner, and Chief Quantum Officer, executed the sale of 200,000 shares of Common Stock at $8.48 each. Despite this sale, Huang Yuping retains ownership of 24,051,256 shares. This move could potentially raise red flags among investors, particularly considering the backdrop of the ongoing lawsuit and the company's financial difficulties.

Currently, QUBT's stock is trading at $7.72, marking a decrease of approximately 8.65% with a drop of $0.73. The stock has experienced fluctuations, ranging from a low of $7.65 to a high of $8.97 during the trading day. Over the past year, the stock has reached a peak of $27.15 and a trough of $0.355. With a market capitalization of roughly $1.06 billion and a trading volume of 19.7 million shares, these market movements and the current stock valuation could be significantly influenced by the lawsuit and the company's recent financial outcomes.