🔴 Horizon Quantum Holdings is trading 9.2% down today after reporting a $115.2 million Q2 net loss

Horizon Quantum Holdings is trading 9.2% down now at $13.03 after investors continued reacting to its August 4 earnings report.

• Reported a $115.2 million second-quarter net loss, or $2.20 per share, versus the expected $0.09-per-share loss.
• The loss was driven mainly by a $108.3 million non-cash warrant remeasurement charge; the company remains pre-commercial with no revenue.
• Broader markets and software stocks are rising on softer July employment data, pointing to company-specific earnings pressure rather than macro weakness.