Quantum Cyber Reports First Revenue of ~$1.0 Million and Announces $8.0 Million Funding Commitment From Chief Executive Officer David Lazar
Key Highlights
- ➤Revenue $966,833 in Q3 2026, versus zero in prior-year periods
- ➤CEO David Lazar committed up to $8.0 million through November 30, 2027
- ➤Bridgeport facility installed an 80-unit 3D printing production farm in August
- ➤Drone manufacturing and sales expected to begin in early 2027
- ➤Shareholders’ equity reached approximately $16.2 million, up approximately 2,600% year-to-date
Expert Statements
David Lazar, Chief Executive Officer and Chair of the Board, Quantum Cyber N.V.
“The third quarter of 2026 is the quarter in which Quantum Cyber crossed from a pre-revenue strategy into an operating company,”
David Lazar, Chief Executive Officer and Chair of the Board, Quantum Cyber N.V.
“We generated our first revenue, we installed the first production equipment at our Bridgeport facility, and we resolved a legacy legal claim that had overhung our capital structure.”
David Lazar, Chief Executive Officer and Chair of the Board, Quantum Cyber N.V.
“In the Company’s view, each of these is a building block toward the vertically integrated autonomous defense manufacturer we have described to the market.”
David Lazar, Chief Executive Officer and Chair of the Board, Quantum Cyber N.V.
“The $8.0 million funding commitment I provided to the Company on November 11, 2026 is intended to reinforce the balance sheet while we complete the build-out of the Bridgeport facility and continue to advance the Project LightShift quantum antenna program under our newly expanded field of use.”
David Lazar, Chief Executive Officer and Chair of the Board, Quantum Cyber N.V.
“We believe Quantum Cyber is entering 2027 as an operating, revenue-generating business with the manufacturing footprint, the technology licenses, and the capital on hand to execute the next phase of its plan.”
Third Quarter 2026 Form 10-Q Highlights: * Four customers each accounting for 10% or more of quarterly revenue, with no single customer representing more than 15% * Bridgeport facility operational, including the installation of an 80-unit 3D printing production farm in August 2026 * Project LightShift quantum antenna license field of use expanded by November 6, 2026 amendment to include unmanned surface and underwater vehicles, maritime platforms, homeland security, and law enforcement applications * Settlement of the Boustead Securities, LLC action and the related FINRA arbitration for $250,000, with termination of Boustead’s April 2021 engagement letter, including the related tail and right of first refusal on future financings * Shareholders’ equity of approximately $16.2 million at September 30, 2026, up from $0.6 million at December 31, 2025, an increase of approximately 2,600%, with approximately $15.2 million of year-to-date proceeds from the exercise of warrants * No shares sold under the Company’s at-the-market registration statement through November 12, 2026 Norwalk, CT, Nov. 12, 2026 (GLOBE NEWSWIRE) -- Quantum Cyber N.V. (Nasdaq: QUCY) (“Quantum Cyber” or the “Company”), a Nasdaq-listed autonomous defense technology company assembling an AI-powered System-of-Systems platform for drone warfare, counter-UAS, and border security applications, today announced that it has filed its Quarterly Report on Form 10-Q for the quarter ended September 30, 2026 with the U.S. Securities and Exchange Commission. The filing reports the Company’s first revenue since its strategic pivot to autonomous defense and discloses an $8.0 million funding commitment from the Company’s Chief Executive Officer and Chair of the Board, David Lazar.
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