Quantum eMotion Corp. Common Shares (QNC)
FairStock Score: 14/100 — RISKY
Key Financials
| Current Price | $1.06 |
| Market Cap | $599M |
| P/E Ratio | -21.2 |
| ROE | -45.02% |
| Dividend Yield | —% |
| Sector | Technology |
AI Analysis
AI-generated, general educational analysis — not personal investment advice.
As a Graham-style investor, I start with the business, not the story. Quantum eMotion develops quantum-based cryptographic hardware and software—Sentry-Q, eFlux-Q, eCrypto-Q, eHot-Q—with only 17 employees. In the latest filed quarter, fiscal Q2 2026, revenue was $1,479 and net income was -$4.7 million. That is not a proven commercial engine, and I see no demonstrated moat; a niche product label is not a durable competitive advantage without pricing power and repeat customers. Financial health is mixed. Debt-to-equity is 0.00, and FairStock's Altman Z-Score is 34.89, but trailing free cash flow is -$6.3 million and the Piotroski F-Score is 1/9. At the close on 2026-10-13, the stock was $1.44, the market cap was $598.9 million, P/B was 11.08, P/E was -28.80, ROE was -45.02%, ROCE was -25.15%, and FCF yield was -1.0%. Those are speculative valuations for a company with tiny revenue and large losses. Growth data are unhelpful: no revenue growth figure is provided, and the profit growth figure is negative. FairStock's Lynch category is none because only 0 years of filed annual results are available, versus the 3 needed. The FairStock Score is 14/100. Mr. Market may be pricing a future quantum-security breakthrough, but the current numbers offer no margin of safety. I would need to see real revenue, narrower losses, and evidence of customer adoption before treating this as anything more than a speculation.
In plain English: Quantum eMotion develops quantum-based encryption software and hardware. The business looks very weak today: in the latest reported quarter, fiscal Q2 2026, it had revenue of just $1,479 and a net loss of $4.7 million. At $1.44 a share, the price looks expensive against those tiny sales and large losses.
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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash
Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer