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LONDON - Quantum Base Holdings plc (AIM:QUBE) reported its first commercial revenue of £18,000 for the year ended April 30, 2025, as the quantum science company begins monetizing its authentication technology.
The UK-based firm, which completed its initial public offering in April 2025 raising £4.8 million gross proceeds (£3.4 million net), announced that over 500 million of its quantum-based identifiers (Q-IDs) were produced using the company’s technology by the end of the fiscal year.
Quantum Base reported a loss before taxation of £5.1 million, up from £1.4 million in the previous year, with adjusted EBITDA loss of £1.3 million compared to £1.0 million in fiscal 2024. The company ended the period with £2.2 million in cash and cash equivalents.
During the fiscal year, Quantum Base signed framework agreements with two international security-printing partners and executed its first commercial contract. The company’s Q-ID technology was applied to government tax-stamp programs for the first time.
Since the end of the fiscal year, the company secured a contract extension worth approximately £350,000 with an existing security-printing partner, expanding device compatibility to 170 smartphone models. The company also reported that over 1 billion Q-IDs are now in circulation.
CEO Tom Taylor stated the company is focused on delivering current year revenue targets by engaging with potential partners, including multinational security printers, while building recurring revenues for the following year.
The company continues to explore new applications for its technology beyond tax stamps and secure documents, including direct-to-product markings, luxury goods, pharmaceuticals, automotive parts, aerospace, and gold bullion.
According to the press release statement, Quantum Base expects to sign four new commercial contracts in the financial year ending April 30, 2026.
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