Arqit Quantum (Arqit Quantum) Net Income : $-70.39 Mil (TTM As of Sep. 2023)

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What is Arqit Quantum Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Arqit Quantum's Net Income for the six months ended in Sep. 2023 was $-48.56 Mil. Its Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was $-70.39 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Arqit Quantum's Earnings per Share (Diluted) for the six months ended in Sep. 2023 was $-0.35.

Arqit Quantum Net Income Historical Data

The historical data trend for Arqit Quantum's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Arqit Quantum Net Income Chart

Arqit Quantum Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Net Income

-0.57

-271.73

65.08

-70.39

Arqit Quantum Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Net Income	Get a 7-Day Free Trial			-265.69	58.05	7.03	-21.84	-48.56

Arqit Quantum Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Arqit Quantum's Net Income for the fiscal year that ended in Sep. 2023 is calculated as

	Net Income		(A: Sep. 2023 )
=	Pre-Tax Income	+	Tax Provision	+	Net Income (Discontinued Operations)	+	Others
=	-74.049	+	0.141	+	3.515	+	0
=	-70.39

Arqit Quantum's Net Income for the quarter that ended in Sep. 2023 is calculated as

	Net Income		(Q: Sep. 2023 )
=	Pre-Tax Income	+	Tax Provision	+	Net Income (Discontinued Operations)	+	Others
=	-52.213	+	0.141	+	0	+	3.515
=	-48.56

Net Income for the trailing twelve months (TTM) ended in Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-70.39 Mil.

Arqit Quantum (NAS:ARQQ) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Arqit Quantum's Earnings per Share (Diluted) (EPS) for the quarter that ended in Sep. 2023 is calculated as

Earnings per Share (Diluted) (Q: Sep. 2023 )	=	(Net Income	-	Preferred Dividends)	/	Shares Outstanding (Diluted Average)
	=	(-48.557	-	0)	/	137.508
	=	-0.35

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.

Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.

Arqit Quantum Net Income Related Terms

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Arqit Quantum (Arqit Quantum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Arqit Quantum Inc (NAS:ARQQ) » Definitions » Net Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nova North, 11 Bressenden Place, 7th floor, London, GBR, SW1E 5BY

Website

https://www.arqit.uk

Arqit Quantum Inc is a cybersecurity company that has pioneered a symmetric key agreement technology which makes the communications links of any networked device or data at rest secure against current and future forms of cyber attack - even an attack from a quantum computer. Arqit delivers its symmetric key agreement technology via its QuantumCloud. Its product, QuantumCloud, enables any device to download a lightweight software agent, which can create keys in partnership with any other device. The firm operates in one segment that is, the provision of cybersecurity services via satellite and terrestrial platforms. Key revenue comes from the UK.