Quantum Secure Encryption Corp. specializes in quantum security and machine learning solutions for data protection in Canada. A key strength is its high gross margin of 45.5%, indicating potential profitability; however, the negative EBITDA and net margins raise concerns about operational efficiency and profitability. Additionally, the current ratio of 8.59 suggests strong liquidity, but the lack of debt may indicate limited growth opportunities. The disparity between high margins and low valuation could signal market skepticism regarding future performance.
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Company is burning $735K per quarter with $2.1M in cash. Approximately 2.9 quarters of runway at current burn rate.
Company posted a loss of $-2.4M over the last year, representing 1002.6% of revenue.
Operating cash flow has been negative for 3 consecutive quarters, burning $2.9M over the last year.
Debt-free balance sheet with a solid cash position, providing significant financial flexibility.
Excellent liquidity with current ratio of 8.6x ensures operational stability.
Low debt-to-revenue ratio of 0.0% indicates conservative financial management.
Valuation, risk assessment, competitive positioning, and key insights — all in one report.
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Based on 2026-Q2 (March 31, 2026)