ADDED
These known and unknown risks, uncertainties and other factors include, without limitation: We are in our early stages and have a limited operating history, which makes it difficult to forecast our future results of operations.
We will require a significant amount of cash for expenditures as we invest in ongoing research and development and business operations and may need additional capital sooner than planned.
We may not be able to scale our business quickly enough to meet customer and market demand, which would result in lower profitability or cause us to fail to execute on our business strategies.
We may not manage growth effectively, including with respect to our employee base and managing our operations successfully.
We face significant technical and engineering challenges in completing the development of our quantum computers, producing our quantum computers at scale, achieving our targeted performance milestones and realizing quantum advantage, any of which is not accomplished would adversely impact our business.
We may expend our resources to pursue particular products, designs, sectors or investments and we may fail to capitalize on such products, designs, sectors or investments and/or forego other products, designs, sectors or investments that have been more profitable or for which there may have been a greater likelihood of success.
Our ability to compete successfully depends on continuous innovation, timely execution of our strategy and achieving cost reduction, and failure to do so could render our quantum computing systems obsolete or less competitive.
We are highly dependent on our ability to attract and retain senior executive leadership and other key employees, such as quantum physicists, software engineers and other key technical employees, which is critical to our success.
If we fail to retain talented, highly qualified senior management, engineers and other key employees or attract them when needed, such a failure could negatively impact our business.
Unstable or unfavorable market and economic conditions in our industry and or the global economy have had and may continue to have serious adverse consequences on our business, financial condition and share price.
REMOVED
our estimates regarding expenses, profitability, future revenue, capital requirements and needs for additional financing, our ability or decisions to expand or maintain our existing customer base; and macroeconomic conditions, including global economic and geopolitical conditions, disruptions to and volatility and uncertainty in the credit and financial markets, uncertainty in levels of future economic activity, inflation and interest rates.
These known and unknown risks, uncertainties and other factors include, without limitation: We will require a significant amount of cash for expenditures as we invest in ongoing research and development and business operations and may need additional capital sooner than planned.
We are in our early stages and have a limited operating history, which makes it difficult to forecast our future results of operations.
We have a history of operating losses and expect to incur significant expenses and continuing losses for the foreseeable future.
We have not produced quantum computers with high qubit counts and we face significant barriers in our attempts to produce quantum computers, including the need to invent and develop new technology.
If we cannot successfully overcome those barriers, our business will be negatively impacted and could fail.
Any future generations of hardware, including any future generations developed to achieve our targeted fidelities and qubit counts, or to demonstrate narrow quantum advantage or broad quantum advantage, may not occur on our anticipated timeline or at all.
If our computers fail to achieve quantum advantage, our business, financial condition and future prospects may be harmed.
Moreover, the standards by which we measure our progress may be based on assumptions and expectations that are not accurate or that may change as quantum computing evolves.
We rely on access to high performance third party classical computing through public clouds, high performance computing centers and on-premises computing infrastructure to deliver performant quantum solutions to customers.