Arqit Reports Its FY2022 Financial Results and Announces It Will No Longer Use Satellites

For the fiscal year ending on September 30, 2022, Arqit reported revenue of about $20 million comprised of $7.2 million from five contracts to use their QuantumCloud and Other Income comprised of $12.8 million in project contract revenue from the European Space Agency. Administrative expenses were $72.2 million for a Operating Loss of $52.1 million […]

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