Quantum Base flags higher revenue, wider losses

17th Apr 2026 12:18

(Sharecast News) - Quantum Base said in an update on Friday that it expects full-year revenue to rise significantly, although delays in contract signings and revenue recognition would push some income into the next financial year and widen its EBITDA loss relative to market expectations.

The AIM-traded quantum authentication technology company said revenue for the year ending 30 April was expected to be in the range of £455,000 to £595,000, up from the prior year, driven by continued integration of its Q-ID platform with an existing global security printing customer and the onboarding of a second customer, a global art authentication registry.

However, the group said a small number of contracts initially expected to be signed in the current year were now likely to complete in the 2027 period, while around £42,000 of initial set-up fees for its second customer would also be recognised next year following a review of revenue accounting.

As a result, EBITDA losses for FY26 are expected to be higher than market expectations.

Quantum Base said it remained well funded following its December fundraise, with unaudited net cash of £3.4m as at 31 March.

The company added that it continued to build commercial momentum, with discussions at an advanced stage with four potential customers across security printing, pharmaceuticals and brand protection, highlighting growing recognition of its Q-ID technology.

Operationally, the group launched Q-ID Scanner 2.0 on iOS, offering up to three times faster authentication speeds and improved performance in low-data environments, with an Android version currently in development.

It said it had also expanded its sales and marketing team to support demand generation and pipeline growth.

"The scale of our revenue growth from the 2025 to 2026 financial year reflects the maturing nature of Quantum Base and its offering over the past year," said chief executive Tom Taylor.

"We have moved from early-stage commercial engagement into a business with real, growing revenues and a pipeline of opportunities that will drive significant growth.

"We are now well positioned to build on this momentum, and I look forward to updating shareholders on these discussions in due course."

At 1108 BST, shares in Quantum Base Holdings were down 1.16% at 21.25p.

Reporting by Josh White for Sharecast.com.

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