QNC Stock Analysis: Quantum eMotion | US
Software - Infrastructure | US, USA | Market Cap: 656m USD | 12M Return: -1.3% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.16M
Warnings
Tailwinds
No distinct edge detected
Seasonality 0.4 years of data
Average return per month, with how dependable it is below — did the month move the same way every year (high) or randomly (low). Above 60 is a pattern worth trusting; under 40 is noise.
Quantum eMotion Corp. (QNC) is a Canadian technology company headquartered in Montreal that develops quantum-based cryptographic solutions, offering both hardware and software products designed to secure data against threats from quantum computing. Originally incorporated in 2007 as Quantum Numbers Corp., the company rebranded to its current name in June 2021 and trades on the US markets as a small-cap stock within the software-infrastructure industry.
The companys product suite centers on quantum random number generation (QRNG) and quantum-safe encryption, including the Sentry-Q encryption platform, the eFlux-Q cloud-based entropy distribution system, eCrypto-Q for quantum-resilient communications, eHot-Q for real-time digital asset protection, eShield-Q for AI and cloud environments, and the eCore-Q electron-based QRNG entropy source. These products target the cybersecurity, IoT, datacenter, blockchain, and cryptocurrency markets, alongside regulated sectors such as healthcare, medical devices, pharmaceuticals, manufacturing, finance, government, and military.
Quantum eMotion is expanding into healthcare applications and the US cybersecurity market, and it maintains a strategic alliance with Jmem Technology for the joint development of a quantum-resilient System-on-Chip (SoC), an important step toward embedding its QRNG technology directly into semiconductor designs for broader commercial deployment.
- NIST post-quantum standards boost Sentry-Q adoption
- Jmem chip partnership expands addressable market
- Government and defense contracts validate encryption credibility
| Net Income: -12.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.13 > 0.02 and ΔFCF/TA 6.36 > 1.0 |
| NWC/Revenue: error (cannot be calculated; needs Current Assets/Liabilities and Revenue current+prev) |
| CFO/TA -0.13 > 3% & CFO -5.47m > Net Income -12.0m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 43.37 > 1.5 & < 3 |
| Outstanding Shares: last quarter (219.0m) vs 12m ago 28.31% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 0.08% > 50% (prev 0.0%; Δ 0.08% > 0%) |
| Interest Coverage Ratio: -170.2 > 6 (EBIT TTM -11.9m / Interest Expense TTM 70.2k) |
| A: 0.90 (Total Current Assets 38.8m - Total Current Liabilities 895k) / Total Assets 42.0m |
| B: -0.72 (Retained Earnings -30.3m / Total Assets 42.0m) |
| C: -0.44 (EBIT TTM -11.9m / Avg Total Assets 27.0m) |
| D: 45.34 (Book Value of Equity 41.1m / Total Liabilities 906k) |
| Altman-Z'' = 48.21 = AAA |
As of June 30, 2026, the stock is trading at USD 3.08 with a total of 519,686 shares traded. Over the past week, the price has changed by -7.72%, over one month by -9.12%, over three months by +39.72% and over the past year by -1.32%.
Current recommended Stop Loss: 2.70 (which is 12.3% or 1.4 ATR below the current price).
Quantum eMotion has no consensus analysts rating.
Market Cap CAD = 930.8m (655.9m USD * 1.4191 USD.CAD)
P/S = 30152.867
P/B = 22.8002
Revenue TTM = 21.8k CAD
EBIT TTM = -11.9m CAD
EBITDA TTM = -11.9m CAD
Long Term Debt = 10.3k CAD (estimated: total debt 46.6k - short term 36.3k)
Short Term Debt = 36.3k CAD (from shortTermDebt, last quarter)
Debt = 46.6k CAD (from shortLongTermDebtTotal, last quarter) (leases 46.4k already included)
Net Debt = -37.4m CAD (calculated: Debt 46.6k - CCE 37.5m)
Enterprise Value = 893.4m CAD (930.8m + Debt 46.6k - CCE 37.5m)
Interest Coverage Ratio = -170.2 (Ebit TTM -11.9m / Interest Expense TTM 70.2k)
EV/FCF = -162.4x (Enterprise Value 893.4m / FCF TTM -5.50m)
FCF Yield = -0.62% (FCF TTM -5.50m / Enterprise Value 893.4m)
FCF Margin = -25.3k% (FCF TTM -5.50m / Revenue TTM 21.8k)
Net Margin = -55.2k% (Net Income TTM -12.0m / Revenue TTM 21.8k)
Gross Margin = -186.6% ((Revenue TTM 21.8k - Cost of Revenue TTM 62.3k) / Revenue TTM)
Gross Margin QoQ = -75.89% (prev -178.8%)
Tobins Q-Ratio = 21.29 (Enterprise Value 893.4m / Total Assets 42.0m)
Interest Expense / Debt = 150.7% (Interest Expense 70.2k / Debt 46.6k)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -9.43m (EBIT -11.9m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 43.37 (Total Current Assets 38.8m / Total Current Liabilities 895k)
Debt / Equity = 0.00 (Debt 46.6k / totalStockholderEquity, last quarter 41.1m)
Debt / EBITDA = 3.15 (negative EBITDA) (Net Debt -37.4m / EBITDA -11.9m)
Debt / FCF = 6.81 (negative FCF - burning cash) (Net Debt -37.4m / FCF TTM -5.50m)
Total Stockholder Equity = 33.3m (last 4 quarters mean from totalStockholderEquity)
RoA = -44.49% (Net Income -12.0m / Total Assets 42.0m)
RoE = -36.10% (Net Income TTM -12.0m / Total Stockholder Equity 33.3m)
RoCE = -35.87% (EBIT -11.9m / Capital Employed (Equity 33.3m + L.T.Debt 10.3k))
RoIC = -22.95% (negative operating profit) (NOPAT -9.43m / Invested Capital 41.1m)
WACC = 22.45% (E(930.8m)/V(930.9m) * Re(22.45%) + (debt cost/tax rate unavailable))
Discount Rate = 22.45% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 87.41 | Cagr: 23.79%
[DCF] Fair Price = unknown (Cash Flow -5.50m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: N/A | Revenue CAGR: N/A | SUE: N/A | # QB: 0
EPS next Quarter (2026-09-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-12-31): EPS=0.00 | Chg30d=N/A | Revisions=N/A | GrowthEPS=+0.0% | GrowthRev=+0.0%
EPS next Year (2027-12-31): EPS=0.00 | Chg30d=N/A | Revisions=N/A | GrowthEPS=+0.0% | GrowthRev=+400.0%