Horizon Quantum Holdings Ltd .: Horizon Quantum Announces Second Quarter 2026 Financial Results

Horizon Quantum Holdings Ltd. (Nasdaq: HQ) ("Horizon Quantum," "Horizon," or "the Company"), a pioneer of software infrastructure for quantum applications, today reported financial results for the fiscal second quarter ended June 30, 2026 ("Q2 2026"). Beryllium, Horizon's object-oriented programming language, became available to early access users at the end of Q2 2026. A strategic collaboration with Quantum Machines has been announced, which includes the joint development of embedded calibration technologies. Ember-1, Horizon's Singapore-based testbed system, became available to first users. Cash received from exercise of warrants improves financial runway. As of August 3, 2026 cash balances have been fortified by proceeds of $28.7 million from the exercise of approximately 2.5 million publicly traded warrants (Nasdaq: HQWWW) (the "Public Warrants"). During Q2 2026, 2.4 million of these were exercised for gross proceeds of $27.5 million, which combined with existing cash, resulted in total cash and cash equivalents at the end of Q2 2026 of $113.3 million, a net increase of $16.7 million from $96.6 million at the end of the fiscal quarter ended March 31, 2026 ("Q1 2026"). Operating loss for Q2 2026 on an as-reported basis of $7.2 million compared to $2.7 million for the second fiscal quarter ended June…