Jim Cramer Calls Quantum Computing a "Money-Losing Company"

Quantum Computing Inc. (NASDAQ:QUBT) is one of the stocks Jim Cramer weighed in on. A caller asked if it is too late to invest in the stock during the lightning round, and Cramer commented:

“It’s not so much as it’s too late. It’s a money-losing company, and if we get rid of the fervor for the moment about quantum, you’ll be buying that $17 stock at $7, and that’s what I worry about the most.”

Quantum Computing (NASDAQ:QUBT) develops photonic-based quantum systems and optical devices, including modulators, frequency converters, and quantum-ready computing platforms. The company’s products also include reprogrammable edge computing chips, lidar systems, quantum vibrometers, and solutions for quantum networking and authentication. In January, Cramer mentioned the stock and said:

“I’m also concerned about a company called Quantum Computing, $2.4 billion, with $400,000 in revenues in the last 12 months and again, very big losses.”

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Disclosure: None. This article is originally published at Insider Monkey.