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May 15, 2026
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‘Revenue is not our main driver:’ Xanadu CEO defends long-term vision after stock plunge - BNN Bloomberg
Original article ↗B.I.A.S. ANALYSIS
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Heuristic (v1/v3)
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ML v2 (DistilBERT)
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Ensemble
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Article Excerpt
Xanadu Quantum Technologies Ltd. says it is focused on its long-term growth while its stock experiences extreme volatility in the short term.
Its stock fell over nine per cent on Friday, following an over 60 per cent drop two weeks ago.
The Toronto-based company, which builds universal photonic quantum computers, reported its inaugural first-quarter earnings on Thursday. It posted a revenue of US$2.8 million but reported a net loss of US$20.6 million, or US$0.28 per share.
Regardless, things are going exactly as they should, says Christian Weedbrook, founder and CEO of Xanadu.
“We’ve alway…
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