HQ - Horizon Quantum Holdings Ltd. Class A Ordinary Shares
Price:
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PRICE TARGET:
$20.00
DETAILS
HIGH:
$20.00
LOW:
$20.00
MEDIAN:
$20.00
CONSENSUS:
$20.00
UPSIDE:
59.24%
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Revenue | ||||
| Revenue | 0 | 0.4 | 0.1 | 0 |
| Cost of Revenue | 0 | 0 | 0 | 0 |
| Gross Profit | 0 | 0.4 | 0.1 | 0 |
| Operating Expenses | ||||
| R&D Expenses | 0 | 3.5 | 2.2 | 0 |
| SG&A Expenses | 5.7 | 3.9 | 2.6 | 1.3 |
| Other Expenses | 0.0 | 0.9 | 0.3 | 0.2 |
| Operating Expenses | 5.7 | 8.2 | 5.1 | 1.5 |
| Operating Income | ||||
| Operating Income | (5.7) | (7.9) | (5.0) | (1.5) |
| Interest Expense | 0 | 0.0 | 0.0 | 0 |
| Interest Income | 1.4 | 0 | 0 | 0.0 |
| Profitability | ||||
| EBITDA | (5.7) | (6.6) | (4.9) | (1.5) |
| EBIT | (5.7) | (7.5) | (5.2) | (1.5) |
| Income Before Tax | (22.7) | (7.5) | (5.2) | (3.1) |
| Income Tax Expense | 0.2 | 0 | 0 | 0.1 |
| Net Income | (22.9) | (7.5) | (5.2) | (3.2) |
| Per Share Data | ||||
| EPS (Basic) | -5.85 | -1.92 | -0.87 | -0.40 |
| EPS (Diluted) | -5.85 | -1.92 | -0.87 | -0.40 |
| Shares Outstanding | 3.9 | 3.9 | 6.0 | 7.9 |
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Current Assets | ||||
| Cash & Cash Equivalents | 0.0 | 6.7 | 16.5 | 0.3 |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Net Receivables | 0 | 0.4 | 0 | 0 |
| Inventory | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0.5 | 0 |
| Total Current Assets | 0.1 | 8.1 | 17.1 | 1.1 |
| Non-Current Assets | ||||
| Property, Plant & Equipment | 0 | 3.8 | 0.8 | 0 |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0.0 | 0.0 | 0 |
| Long-Term Investments | 35.1 | 0 | 0 | 87.1 |
| Other Non-Current Assets | 0 | 0.1 | 0.0 | 0 |
| Total Non-Current Assets | 35.1 | 3.9 | 0.9 | 87.1 |
| Total Assets | 35.3 | 12.0 | 18.0 | 88.1 |
| Current Liabilities | ||||
| Account Payables | 0 | 0 | 0 | 0 |
| Short-Term Debt | 1.5 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 9.1 | 0 | 0 | 0.8 |
| Total Current Liabilities | 10.7 | 1.1 | 0.2 | 0.9 |
| Non-Current Liabilities | ||||
| Long-Term Debt | 1.2 | 0 | 0 | 1.3 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 23.0 | 0 | 0 | 6.3 |
| Total Non-Current Liabilities | 24.3 | 0.5 | 0 | 7.6 |
| Total Liabilities | 34.9 | 1.5 | 0.2 | 8.5 |
| Stockholders' Equity | ||||
| Common Stock | 35.0 | 0.0 | 0.0 | 86.6 |
| Retained Earnings | (34.7) | (21.6) | (14.0) | (7.0) |
| Accumulated Other Comprehensive Income | 0 | (0.0) | 0.0 | 0 |
| Total Stockholders' Equity | 0.3 | 10.4 | 17.8 | 79.6 |
| Total Liabilities & Equity | 35.3 | 12.0 | 18.0 | 88.1 |
| Debt Metrics | ||||
| Total Debt | 2.8 | 0.8 | 0.0 | 1.3 |
| Net Debt | 2.8 | (5.8) | (16.5) | 1.0 |
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Operating Activities | ||||
| Net Income | (22.9) | (7.5) | (5.2) | (3.2) |
| Depreciation & Amortization | 0 | 0.9 | 0.3 | 0 |
| Stock-Based Compensation | 0 | 0.2 | 0.3 | 0 |
| Change in Working Capital | 3.9 | (0.7) | (0.4) | 0.1 |
| Other Non-Cash Items | 18.6 | (0.3) | 0.2 | 1.7 |
| Operating Cash Flow | (0.5) | (7.5) | (4.9) | (1.4) |
| Investing Activities | ||||
| Capital Expenditure | (0.0) | (2.7) | (0.6) | 0 |
| Acquisitions | 0 | 0 | 0 | 0 |
| Purchases of Investments | (1.0) | 0 | 0 | (86.3) |
| Sales/Maturities of Investments | 0.2 | 0 | 0 | 0 |
| Other Investing Activities | 0 | (0.0) | 0 | 0 |
| Investing Cash Flow | (0.9) | (2.7) | (0.6) | (86.3) |
| Financing Activities | ||||
| Net Debt Issuance | 0.7 | 0 | 0 | 1.1 |
| Stock Repurchased | (0.2) | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0.4 | 0 | 0 | 0 |
| Financing Cash Flow | 0.9 | 0 | 6.7 | 88.1 |
| Cash Position | ||||
| Net Change in Cash | (0.4) | (9.9) | 1.0 | 0.3 |
| Cash at Beginning | 0.4 | 16.6 | 15.5 | 0 |
| Cash at End | 0.0 | 6.7 | 16.5 | 0.3 |
| Free Cash Flow | (0.5) | (10.2) | (5.5) | (1.4) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Income Statement | ||||
| Revenue | 0 | 0.4 | 0.1 | 0 |
| Gross Profit | 0 | 0.4 | 0.1 | 0 |
| Operating Income | (5.7) | (7.9) | (5.0) | (1.5) |
| Net Income | (22.9) | (7.5) | (5.2) | (3.2) |
| EPS (Diluted) | -5.85 | -1.92 | -0.87 | -0.40 |
| Balance Sheet | ||||
| Cash & Equivalents | 0.0 | 6.7 | 16.5 | 0.3 |
| Total Assets | 35.3 | 12.0 | 18.0 | 88.1 |
| Total Debt | 2.8 | 0.8 | 0.0 | 1.3 |
| Stockholders' Equity | 0.3 | 10.4 | 17.8 | 79.6 |
| Cash Flow | ||||
| Operating Cash Flow | (0.5) | (7.5) | (4.9) | (1.4) |
| Capital Expenditure | (0.0) | (2.7) | (0.6) | 0 |
| Free Cash Flow | (0.5) | (10.2) | (5.5) | (1.4) |