QTREX Quantum Ltd.

Snapshot

QTREX is a tiny, newly-pivoted quantum-hardware company (formerly a medical device maker) just 86 days into its new AME/Quantum segment. H1 2026 revenue was $1.55M, up 438%, at a solid 61% gross margin, but the company lost $6.4M and burned $3.9M in operating cash.

What's Happening Right Now

• Thu 1st Oct '26 · Tech validation: QTREX's cryogenic interconnect was independently tested at 20 mK by an unnamed 'leading quantum computing company,' with a binding agreement said to be in the works.
• Thu 24th Sep '26 · Earnings: H1 2026 revenue hit $1.55M (up 438%) at 61% gross margin, but QTREX posted a $6.4M net loss and burned $3.9M in operating cash, following a $10M share offering.
• Wed 2nd Sep '26 · Defense deal: One of Israel's three largest defense companies began deploying QTREX's AME technology under a confidential joint program with a potential multi-tens-of-millions revenue pathway, though later phases still need definitive agreements.
• Thu 20th Aug '26 · Offering: QTREX priced a $10 million registered direct offering of 11.1 million shares at-the-market to fund working capital.
• Fri 31st Jul '26 · Registration: Registered 6.79M shares for sale on Form S-1.
• Tue 14th Jul '26 · Order: QTREX secured a commercial purchase order from an unnamed international government-owned company and began production, though order size wasn't disclosed.
• Tue 16th Jun '26 · Registration: Registered 6.67M shares for sale on Form F-3.
• Mon 1st Jun '26 · Offering: Raised $10.00M in gross proceeds through a private placement (PIPE), with warrants over 2.77M shares.