QuantumCTek Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 25, 2022 at 08:22 am EDT
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QuantumCTek Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 9.89 million compared to CNY 4.95 million a year ago. Revenue was CNY 9.89 million compared to CNY 4.95 million a year ago. Net loss was CNY 19.61 million compared to CNY 13.44 million a year ago. Basic loss per share from continuing operations was CNY 0.25 compared to CNY 0.17 a year ago. Diluted loss per share from continuing operations was CNY 0.25.
QuantumCTek Co Ltd is a China-based company mainly engaged in research, development, production, sales and technical services of quantum communication products. The Company provides software and hardware products for the construction of various optical fiber quantum secret communication networks and satellite-ground integrated wide area quantum secret communication ground stations, and provides networking and quantum security application solutions for government affairs, finance, power, defense and other industries and fields. The Company's main products include quantum secret communication network core equipment, quantum security application products, core components and management and control software. The Company mainly conducts its businesses within the domestic market.