QNC Quantum eMotion Corp
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Executive Summary
Quantum eMotion Corp reported Q1 2026 financial results with first-ever revenue of $10,582 from partners Greybox and Krown, but net loss widened to $3.59M vs $3.35M a year ago. Operating cash burn increased to $2.08M, though the company maintains a strong cash and investment position of $36.92M. Subsequent to quarter-end, QeM completed the acquisition of SKV Technology Inc. for earn-out payments up to $7M and royalties up to $15M, and entered a mutual exclusive strategic partnership with Krown. The filing reflects early commercialization progress offset by escalating losses and cash consumption.
Actionable Insight
QeM is transitioning from pre-revenue to early commercialization, but the pace of cash burn and share dilution warrant caution. Monitor Q2 2026 for revenue growth trajectory from Greybox/Krown partnerships and integration progress of SKV's SecureKey platform.
Key Facts
- Q1 2026 revenue of $10,582 (first-time revenue from Greybox and Krown royalties) vs $0 in Q1 2025
- Net loss increased to $3,588,329 from $3,351,336 year-over-year
- Operating cash outflow worsened to $2,081,397 from $696,653
- Cash and marketable securities stood at $36,920,613 as of March 31, 2026
- Acquired 100% of SKV Technology Inc. in April 2026 with earn-out payments up to $7M and royalties up to $15M
- Entered mutual exclusive strategic partnership with Krown on April 12, 2026
- Weighted average shares outstanding: 219,011,157 (up 28.3% from 170,684,308 a year ago)
Financial Impact
First revenue of ~$10.6K but net loss rose $237K YoY; cash burn increased $1.38M; earn-out obligations up to $7M contingent
Risk Factors
- Cash burn rate increasing faster than revenue growth; may require additional financing
- Dilutive overhang from 7.25M warrants and 17.13M stock options
- Contingent earn-out payments up to $7M for SKV acquisition could pressure cash or cause dilution
- Dependence on partner revenue scaling (Greybox and Krown) for material revenue
Market Snapshot
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001104659-26-062457 |
| Document: tm2614731d1_ex99-1.htm | 0001104659-26-062457 |
| Document: tm2614731d1_6k.htm | 0001104659-26-062457 |
| Document: tm2614731d1_ex99-3.htm | 0001104659-26-062457 |
| Document: tm2614731d1_ex99-4.htm | 0001104659-26-062457 |
| Document: 0001104659-26-062457-index-headers.html | 0001104659-26-062457 |
| Document: 0001104659-26-062457-index.html | 0001104659-26-062457 |
| Document: 0001104659-26-062457.txt | 0001104659-26-062457 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 26, 2026
17d ago
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6-K
| $3.18 $3.37 | ▲ +5.97% | ▲ +5.51% | $2.98 (−6.29%) |
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May 15, 2026
28d ago
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6-K
| $2.67 $3.29 | ▲ +23.22% | ▲ +21.60% | $2.98 (+11.61%) |
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May 14, 2026
29d ago
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6-K
| $2.70 $3.28 | ▲ +21.48% | ▲ +20.52% | $2.98 (+10.37%) |
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Apr 17, 2026
8w ago
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6-K
| $2.91 $2.91 | · 0.00% | ▼ −0.91% | $2.98 (+2.41%) |
US Market Status
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