01 Quantum Reports Third Quarter 2025 Results and Provides an Update on Business Developments

Executive Summary

• 01 Quantum Inc. reported its third-quarter fiscal 2025 financial results for the period ended July 31, 2025, alongside significant operational updates including a completed rebranding and new strategic alliances.
• The company reported Q3 revenue of $143,957 and a net loss of $351,411, with cash and securities totaling $1,076,325. Management anticipates profitable revenue recognition in Q4 2025 driven by new development fees and royalties from quantum-safe cybersecurity initiatives.
• Key operational milestones include the completion of the rebranding to 01 Quantum Inc., a strategic alliance with qLABS for quantum-safe token development, a co-development agreement with a major Japanese systems integrator for PQC-enabled remote access, and a commercialization partnership with Turnium Technology Group.

Key Details

• Financial Performance (Q3 FY2025):
  • Revenue: $143,957 (compared to $126,103 in Q3 2024).
  • Net Loss: $351,411 (compared to $40,173 in Q3 2024).
  • Adjusted Loss (excluding stock-based compensation and depreciation): $269,939 (compared to $5,891 in Q3 2024).
  • Cash and Securities: $1,076,325.
  • Cash Operating Expenses (excluding non-cash items): $407,292 (compared to $119,335 in Q3 2024).
  • SG&A (net of stock-based compensation): $207,746 (compared to $88,860 in Q3 2024).
  • R&D Expenses: $201,018 (compared to $34,538 in Q3 2024).
• Strategic Alliances & Partnerships:
  • qLABS Alliance: Signed July 29, 2025. 01 Quantum receives one-time development fees, a share of token sale proceeds, and a percentage of the founders' token pool. The collaboration uses IronCAP™ and zero-knowledge proofs to retrofit public blockchains with quantum-resilient cryptography.
  • Japanese Systems Integrator: Agreement for co-development of a Post-Quantum Cryptography (PQC) version of a zero-trust remote access application. 01 Quantum receives a one-time development fee (expected Q4 2025 recognition) and ongoing royalties. Commercial release planned for Q1 2026.
  • Turnium Technology Group (TTGI): Strategic partnership to commercialize IronCAP X™ PQC email service via TTGI’s network, targeting finance, healthcare, and government sectors.
• Product & Technology Updates:
  • Rebranding: Shareholders approved the name change to 01 Quantum Inc. on September 10, 2025 (99.9% vote in favor).
  • PQC-Compliant AI: U.S. Patent Application filed in March 2025. Proof of Concept (PoC) demonstration planned for later in 2025.
  • Patents: IronCAP™ technologies protected by US Patents #11,271,715 and #11,669,833. Remote access products protected by multiple US, Canadian, and Japanese patents.
• Cash Flow & Balance Sheet Highlights:
  • Proceeds from private placements (9-month period): $1,431,500.
  • Purchase of Guaranteed Investment Certificate (9-month period): $950,000.
  • Total Assets as of July 31, 2025: $1,336,610.
  • Shareholders' Deficit: $1,032,369.

Notable Quotes

• "So far in 2025, we have made substantial strides in advancing our business and establishing a strong foundation for ongoing revenue growth. The transition to our new name, 01 Quantum Inc., is more than rebranding it underscores our commitment to quantum-safe cybersecurity, strengthens our marketing efforts, and enhances industry recognition," said Andrew Cheung, CEO of 01 Quantum.
• "We are now at a pivotal moment, as commercial applications embedding our IronCAP™ technology begin to roll out. Recent partnerships are opening new markets and diversified revenue streams... We anticipate profitable revenue recognition in the fourth quarter 2025 and first quarter 2026 from these projects as we and our partners move forward with launching the completed applications."