GlobeNewswire·Nov 12, 2026, 5:32 PM ET

Quantum Cyber Reports First Revenue of ~$1.0 Million and Announces $8.0 Million Funding Commitment From Chief Executive Officer David Lazar

QUCY

Quantum Cyber N.V. reported its first revenue from continuing operations in Q3 2026, totaling $966,833 generated by its Bridgeport metal stamping facility acquired in July 2026.
Revenue was distributed across four customers, each accounting for 10% to 15% of the quarter's total, with no single customer exceeding 15%.
The Bridgeport facility became operational in August 2026 with the installation of an 80-unit 3D printing production farm to support future drone manufacturing.
Project LightShift's quantum antenna license field of use was expanded on November 6, 2026, to include unmanned surface/underwater vehicles, maritime platforms, homeland security, and law enforcement.
The company settled Boustead Securities LLC claims for $250,000 on October 15, 2026, terminating the 2021 engagement letter and related financing rights.
Shareholders' equity increased approximately 2,600% to $16.2 million at September 30, 2026, driven by $15.2 million in warrant exercises.
CEO David Lazar provided an $8.0 million funding commitment on November 11, 2026, valid through November 30, 2027, to support balance sheet strength.
No shares were sold under the Titan at-the-market offering facility through November 12, 2026, despite the agreement allowing up to $100 million in sales.
Total assets reached $18.8 million at September 30, 2026, including $2.78 million in property, plant, equipment, $929,606 in inventory, and $643,386 in accounts receivable.
The company anticipates beginning commercial drone manufacturing and sales in early 2027, pending further production line build-out.

Company: Quantum Cyber
Keywords: Nasdaq:QUCY , Quantum Cyber