Pasqal reports 312.9 million euros in cash after Nasdaq listing
According to CNA Business, Pasqal said it held €312.9 million in cash after its Nasdaq listing, and reported first-half revenue of €4.9 million with €70.4 million in booked and awarded business, alongside an operating loss of €59.2 million. The companyplans to use the fresh capital to expand commercial and technical-sales teams and increase production capacity in 2027 and 2028. Pasqal operates seven quantum processors, with customers including Aramco and Crédit Agricole, and sells access via Google Cloud and Microsoft Azure.
Key facts
- 01Cash after Nasdaq listing: €312.9 million.
- 02First-half revenue: €4.9 million; booked and awarded: €70.4 million.
- 03Operating loss: €59.2 million with €37.5 million in share-based payments and listing costs.
- 04Plans to expand commercial and technical-sales teams and increase production capacity in 2027-2028.
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- Pasqal ramps up growth plans after Nasdaq listing strengthens balance sheet · The Economic Times Tech