01 Quantum Reports First Quarter 2026 Results and an Update on Business Developments
Executive Summary
- 01 Quantum reported Q1 2026 revenue of $349,766 versus $86,505 in Q1 2025, driven by development fees from PQC‑enabled remote access, digital‑asset, and AI security projects.
- The company posted an IFRS loss of $569,495 for the quarter (adjusted loss $292,623), with cash and GICs totaling $3.36 million at period end, which management believes is sufficient to fund ongoing commercialization.
- Commercial roll‑outs highlighted: DoMobile Ver.5 remote‑access product now live in Japan; launch of quantum‑resistant token $qONE on Hyperliquid; continued development of Quantum AI Wrapper (QAW) targeting secure AI execution.
Key Details
- Financial Highlights
- Revenue: $349,766 (↑ 304% YoY).
- IFRS loss: $569,495 vs. $135,439 in Q1 2025.
- Adjusted loss (ex‑stock‑based comp & depreciation): $292,623 vs. $57,635 in Q1 2025.
- Operating expenses: $919,996 (↑ 331% YoY); cash operating expenses $643,124 after removing non‑cash items.
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Cash & GICs at quarter‑end: $3.36 million; deemed sufficient for current operations and commercialization initiatives.
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Commercial Deployments
- Remote Access – DoMobile Ver.5: Quantum‑safe zero‑trust platform launched in Japan (late Jan 2026); revenue generated via upfront development fees & ongoing royalties.
- Digital Assets – $qONE Token: Launched Feb 6 2026 on Hyperliquid, powered by QCW and QDW; positioned as “Quantum Gas Fee” currency for quantum‑protected transactions across Ethereum, Solana, etc.
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Layer‑1 Migration Toolkit: Planned release late Apr 2026 to enable quantum‑resistant upgrades of Layer‑1 blockchains (Ethereum, Solana, Hyperliquid) and major stablecoins.
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Quantum Safe AI – QAW Development
- Ongoing R&D on Quantum AI Wrapper that combines full homomorphic encryption (FHE) with IronCAP™ PQC to keep prompts, model parameters, and outputs encrypted end‑to‑end.
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Market research (Technavio) forecasts global privacy‑preserving AI market to reach ≈ US$9 billion by 2029 (CAGR 27.9%).
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Outlook & Strategic Priorities for 2026
- Support partner rollout of DoMobile Ver.5 in Japan.
- Expand $qONE adoption across blockchain ecosystems.
- Advance QAW toward initial commercial availability, focusing on high‑value expert SLMs where FHE is practical.
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Continue building additional PQC technologies within the product roadmap.
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Financing Activity (Quarter)
- Exercise of warrants generated $644,374 cash; exercise of agents’ options contributed $1,680.
- Purchase of guaranteed investment certificates: $(136,482).
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Net increase in cash for the quarter: $147,681.
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Liquidity Position
- Cash: $306,814 (up from $159,133 at end‑Oct 2025).
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Guaranteed Investment Certificates: $3,050,000.
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Conference Call – Management will discuss results and roadmap on March 19 2026 at 10:00 AM EDT (Zoom details provided).
Notable Quotes
“Our potential long‑term opportunity is significant. The world is moving toward quantum‑safe infrastructure, and the need for secure AI execution environments is accelerating even faster than we expected.” – Andrew Cheung, CEO