Arqit Quantum Inc (ARQQ) Quote

Arqit: Lots of Major Developments in 2024

Arqit's participation in the quantum space is unique: the firm provides a cloud-based quantum encryption subscription service to protect high-security data transmission. Shares are up more than 124% in the year leading to December 19, 2024.

Price Target
$27.00

Arqit's year was incredibly busy. The firm reported modest revenue of under $300,000 for the 2024 fiscal year, which ended September 30. However, it appears poised to grow revenue significantly, given that the company recently finalized a multi-year contract with an unnamed government in the EMEA region. It is expected to generate annual recurring revenue in the seven-figure range.

The company has introduced cost-cutting measures to help it reduce the impact on its modest cash position of under $19 million as of the fourth-quarter earnings report. On top of that, the company completed a 25-for-1 reverse share split in September, the same month in which it appointed a new CEO. With all of this upheaval at the company, investors will likely watch for signs of stability going into the new year.

Arqit's technology appears to be taking off, and interest in contracts is growing. However, the firm still spends cash at a fast rate and has so far failed to establish recurring top- and bottom-line performance sufficient to sustain operations at this pace for the long haul. Investors with a long horizon and a high tolerance for speculative investments, however, may be rewarded for an early interest in this quantum cloud computing company.
Should you invest $1,000 in Arqit Quantum right now?

Before you consider Arqit Quantum, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Arqit Quantum wasn't on the list.

While Arqit Quantum currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

https://www.marketbeat.com/stock-ideas/2-underrated-quantum-computing-companies-starting-to-rally/?UserID=115100&Hash=2AACCD89AD2BA2730D32D01110FD69C4352E0339EEDDD1A4BFD3D64B5F7B6AF9DB03E5D07582D6D71BA491715D09095CC6AB2CDC7AED9D7E03DB7DC62E48A7E2

ARQQ, new 52 week high catching up with IONQ

LONDON, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (“Arqit” or the “Company”), a leader in quantum safe encryption, today announced its operational and financial results for the fiscal year ended 30 September 2024.

Operational Highlights for fiscal year 2024

Arqit reported revenue of $293,000 for the fiscal year. The company executed on contracts during the period for 13 customers. Most contracts were limited licenses for demonstration and integration testing of Arqit’s symmetric key agreement software. Arqit saw an increase in the number of customers executing such contracts through the period. The company believes this is a positive indicator of product momentum.

As previously announced, Arqit was awarded a multi-year enterprise license contract in the EMEA region for a government end user that is expected to result in seven figures in annual recurring revenue in total. Prior to the end of the 2024 fiscal year, the contract was finalized. Revenue generation is expected to commence in the current fiscal period.

Previously, Sparkle, a top global telecommunications service operator, announced it completed demonstrations of a fully automated implementation of an on-demand MEF Internet Access Service secured by post-quantum cryptography It is the second Network-as-a-Service (“Naas”) quantum safe internet use case completed by Sparkle. Its first use case was an Arqit secured international VPN between Italy and Germany. Sparkle’s stated roll out this year of its quantum safe NaaS offerings continues apace supported by Arqit. Take up of Sparkle’s NaaS offerings by end customers requires licenses for Arqit’s SKA software which would result in revenue to Arqit.

The company engaged in demonstration and integration activity with eight telecom network operators during the period. Engagements increased from three in the first half of the fiscal year to an additional five in the second half.

Arqit joined Intel Partner Alliance working in cooperation to develop and execute go-to-market activity targeting muti-vertical customers across the Telco, Enterprise and Government customer landscape.

In September, Arqit was named a 2024 International Data Corp (IDC) Innovator for post quantum cryptography. The company is one of only five vendors recognized by IDC that are providing transformative solutions which enterprises can use to protect classical data and infrastructure with a long shelf value from the risk of a potential quantum cyberattack.

On 27 September 2024, Arqit announced Andy Leaver, a seasoned software company executive and Operating Partner from Notion Capital, has been appointed as Chief Executive Officer. Mr. Leaver brings a wealth of experience to the Chief Executive role having held senior executive roles at leading software companies including: Ariba, Bazaarvoice, Hortonworks, SuccessFactors and Workday as well as having been an adviser to several successful private software scale ups. He has expertise in driving sustainable revenue growth and scaling businesses. Notion Capital is a leading European venture capital firm and early backer of Arqit. Mr. Leaver will act independently of Notion Capital in his role as CEO.

Nicola Barbiero was appointed as a Class I Director on 26 November 2024. Mr. Barbiero has nearly two decades of experience in investment management and financial operations. He has been Investment Director of the Heritage Group since 2020. From 2013 to 2020, he held the positions of CFO and CIO at Solidarietà Veneto, one of Italy’s largest pension plan companies. Mr. Barbiero holds a Master’s degree in Economics and Finance from Ca’ Foscari University of Venice.

The company previously announced cost reduction initiatives. Operating costs for the last three months of fiscal year 2024 averaged $2.3 million per month. Pro forma for additional operating cost saving which have or will be actioned shortly, budgeted average monthly operating costs for fiscal year 2025 are expected to be approximately $2.15 million.

On 30 September 2024, Arqit entered into a securities purchase agreement pursuant to which it sold 5,440,000 ordinary shares (on a post reverse share split basis) at an offering price of $2.50 per share in a registered direct offering. Gross proceeds to the company were approximately $13.6 million. In a concurrent private placement, Arqit issued unregistered warrants to purchase up to 5,440,000 shares (on a post reverse share split basis) with an exercise price of $2.50, exercisable upon the later of (i) one year from the issuance date, (ii) the date of the approval by the Arqit’s shareholders of an increase in authorized capital sufficient to permit the issuance of shares upon the exercise of the warrants and (iii) the date that the closing trading price of Arqit’s ordinary shares has exceeded $5.00 for 60 consecutive trading days. The purchasers were Heritage Assets SCSP (Arqit director Manfredi Lefebvre d’Ovidio has shared investment and voting power over the shares held by Heritage Assets SCSP), existing Arqit shareholder Notion Capital, the beneficial owner of the Arqit shares held by Ropemaker Nominees Limited, and Carlo Calabria and Garth Ritchie, each a director of the Company.

As of 30 September 2024, Arqit had $18.7 million of cash and cash equivalents.

On 25 September 2024, Arqit effected a 25:1 reverse share split consolidating its authorized share capital. The Company effected the reverse share split in an effort to regain compliance with Nasdaq’s minimum $1.00 bid price per share requirement. The Company was first notified by Nasdaq of its failure to maintain a minimum bid price of $1.00 per share for 30 consecutive trading days under Nasdaq Listing Rule 5550(a)(2) on 19 October 2023. Arqit was notified on 18 October 2024 by Nasdaq that it had regained compliance with Nasdaq’s listing standards. The Company previously disclosed that the par value of its ordinary shares following the reverse share split was $0.000004, however the par value of the Company’s ordinary shares following the reverse share split is $0.0025.

In December 2022, Arqit established an at-the-market equity offering program (the “ATM Program”) pursuant to which it may issue and sell ordinary shares with an aggregate offering amount of up to $50.0 million. Effective 15 April 2024, Arqit amended its ATM Program reducing the aggregate offering amount to $29.0 million. Effective 8 September 2024, Arqit amended its ATM Program further reducing its offering amount to $16.0 million. As a result, the remaining balance available for issuance, net of amounts issued in previous periods, is $4.1 million. Arqit issued 48,803 shares (on a post reverse split basis) under the ATM Program during fiscal year 2024.

https://finance.yahoo.com/news/arqit-quantum-inc-announces-financial-130000040.html

ARQQ vs IONQ

ARQQ new 52 week high

ARQQ, has outshone IONQ, the consensus leader in the quantum sector by a wide margin
The question now is can it continue

ARQQ, new 52;week high

THATS LOSE...NOT LOOSE....SPIN THE TRUTH

Loose on every trade??

TIMBER

YOU CAN'T READ A CHART SO YOU CAN NEVER DO WHAT I DO

When ???

Lol

>>ARQQ 6.74 MAGNET...DO WE DARE>>>

I am on full watch

ARQQ 6.74 MAGNET...DO WE DARE

ARQQ BEASTNG

ARQQ POST SPLIT MONSTER TAKING OFF

ARQQ 10Q due AUGUST 19

ARQQ...........................................https://stockcharts.com/h-sc/ui?s=ARQQ&p=W&b=5&g=0&id=p86431144783

Arqit announces collaboration to deliver out-of-the-box post-quantum cryptography solutions

Vayana TradeXchange partners with Arqit to transform trade finance
Arqit
Wed, Mar 27, 2024, 12:00 AM EDT
LONDON, March 27, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (Arqit), and Vayana TradeXchange announce a partnership to use Arqit’s TradeSecure™ digital negotiable instrument technology to transform international supply chains.

Vayana TradeXchange is a global marketplace facilitating the financing of cross-border trade, headquartered in GIFT City and operating under license from the International Financial Services Authority in India (IFSCA). It is part of the Vayana Group which operates India’s largest regulated network for domestic supply chain finance.

The initial focus for the partnership will be India, Singapore, the United Arab Emirates (UAE) and the United Kingdom (UK), nations that are global leaders in the digitalisation of trade. These countries have embraced legislation based on the UN’s Model Law on Electronic Transferable Records (MLETR) that gives legal recognition to digital negotiable instruments (DNIs) allowing them to replace wet ink paper contracts.

The global supply chain finance market is estimated at $17 trillion growing at 3% per annum and stands to be re-energised by the reform in legalising digital assets.

Vayana Group has facilitated over $30bn of financing, serving over 300,000 enterprises in India. Vayana TradeXchange revolutionises cross-border trade finance by making working capital available seamlessly across geographies.

Arqit's first-of-its-kind technology delivers unique, referenceable and transferable digital finance instruments that have broad commercial application and enable businesses to get closer to pools of available liquidity and improve their cash flows. Arqit is a world leader in complying with the new standards, by completed legal review, and in making them provably secure.

This partnership enables exporters to use DNIs to get easy access to working capital against their trade receivables, whilst importers can optimise their cashflows by accessing funding from financial institutions across the globe.

Kalyan Basu, MD & CEO, Vayana TradeXchange said:

“We are delighted to partner with Arqit to help companies unlock their working capital using these highly secure digital negotiable instruments. With export trade from India alone expected to reach $2 trillion by 2030, this partnership offers businesses easier access to investors/financiers who are willing to lend against receivables based on the negotiation of digital promissory notes and bills of exchange minted on TradeSecure. DNIs will offer immense flexibility to the asset owners in terms of access to a large pool of credible investors with a secure end-to-end digital journey.”

David Williams, Founder of Arqit said:

“The market for digital negotiable instruments is expected to exceed $4 trillion per annum. This partnership is a fusion of India’s leading cross-border supply chain finance platform with Arqit’s groundbreaking TradeSecure which is the only DNI solution that complies with the new laws and delivers permanent provable security. We are excited to take this collaboration to a high scale with Vayana TradeXchange.”

Lord Marland, Chairman of the Commonwealth Enterprise and Investment Council said:

“The UK government has led the World in legislating to digitise trade finance. India is a crucial trading partner and I am delighted to see British and Indian companies leading the world as a result.“

About Arqit

Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (Arqit) supplies a unique encryption software service which makes the communications links of any networked device, cloud machine or data at rest secure against both current and future forms of attack on encryption – even from a quantum computer. Compatible with NSA CSfC Components and meeting the demands of NSA CSfC Symmetric Key Management Requirements Annexe 1.2. and RFC 8784, Arqit’s Symmetric Key Agreement Platform uses a lightweight software agent that allows end point devices to create encryption keys locally in partnership with any number of other devices. The keys are computationally secure and facilitate Zero Trust Network Access. It can create limitless volumes of keys with any group size and refresh rate and can regulate the secure entrance and exit of a device in a group. The agent is lightweight and will thus run on the smallest of end point devices. The product sits within a growing portfolio of granted patents. It also works in a standards compliant manner which does not oblige customers to make a disruptive rip and replace of their technology. Arqit is winner of two GSMA Global Mobile Awards, The Best Mobile Security Solution and The CTO Choice Award for Outstanding Mobile Technology, at Mobile World Congress 2024, recognised for groundbreaking innovation at the 2023 Institution of Engineering and Technology Awards and winner of the National Cyber Awards’ Innovation in Cyber Award and the Cyber Security Awards’ Cyber Security Software Company of the Year Award. Arqit is ISO 27001 Standard certified. www.arqit.uk

About Arqit TradeSecure™

Arqit TradeSecure™ enables the creation, safekeeping and secure transfer of Digital Negotiable Instruments (DNIs). DNIs are a globally recognised paper trade finance instruments: e.g. Promissory Notes & Bills of Exchange. As a result of recent legislation DNIs now have the same legal standing as paper instruments and will be an integral part of 21st century corporate working capital solutions including supply chain and invoice finance.

TradeSecure improves business performance for everybody in the supply chain by:

Freeing up working capital for Buyers to pass on to their Suppliers,

Allowing businesses to improve cash flow,

Driving down costs across the entire supply chain,

Generating a direct bottom line contribution for Buyers,

Providing end to end data transparency and a full transaction audit trail,

Making it easier for a range of Investors to provide much needed working capital finance,

Increasing security and reducing operational risk.

Arqit’s quantum-safe encryption technology provides a robust security solution, which harnesses our military-grade data encryption expertise. Secured by symmetric digital keys and notarised on a quantum-secure ledger, DNIs can be created, transferred and stored in a fully auditable and secure manner throughout their lifecycle. tradesecure.arqit.uk

About Vayana TradeXchange

Vayana TradeXchange is a leading global cross border trade finance platform that operates under license from International Financial Services Centres Authority (IFSCA), GIFT City, India’s first global financial center. As a wholly owned subsidiary of Vayana, India's largest supply chain finance fintech, VTX provides an auction-based marketplace connecting exporters and importers, enabling access to cross-border trade finance products. VTX's solutions help businesses effectively manage trade receivables and payables, enhancing cash flow management for businesses on a global scale. The platform has successfully onboarded prominent financial institutions such as the State Bank of India, India Factoring, VoloFin, and Drip Capital as financiers. Additionally, VTX is actively engaged in expanding its financier network and aims to onboard an additional 15 financiers by the end of FY 2024.

https://finance.yahoo.com/news/vayana-tradexchange-partners-arqit-transform-040000500.html

If you like TA for ARQQ:
3/1/24 marked the breakout of a Diamond Bottom Formation (Weekly, 35/23 Inbound/Pattern duration, 1.25-1.35 target price),
2/23/24 marked the breakout of a Flag Formation ( Daily, $0.85 target price),
Profit taking and consolidation brings the current price of $0.73, after recent surge due to 3/20/24 investor research article/buy recommendation on investor place.

Arqit announces reseller agreement with Total Computers

Tue, Mar 5, 2024, 7:02 AM EST

LONDON, March 05, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (Arqit), a leader in quantum-safe encryption, today announced a reseller agreement with Total Computers (Total), the digital transformation experts, for Arqit’s Symmetric Key Agreement Platform and NetworkSecure™ Adaptor.

In an ever-connected world, enterprises need to take urgent action to strengthen their encryption to counter the growing threats from cyber adversaries. Compliant with NSA standards, Arqit’s Platform as a Service makes symmetric encryption keys which cannot be broken even by quantum attack. Easily integrated at modest cost with dynamic rotating authentication, Arqit’s groundbreaking technology is now available to Total customers as part of their comprehensive suite of services.

At Total Computers, the extensive range of services and solutions encompasses Cloud, Cyber Security, Infrastructure, Managed Services, and Workspace. Total’s approach is consultative, and they are dedicated to ensuring customer success. It is this commitment that has earned them the trust of both our customers and partners, as they consistently provide the superior levels of service they require.

David Williams, Arqit Founder, Chairman and CEO said:

“We are thrilled to partner with Total to offer our encryption technology to their customers, who can now easily harden their networks for enhanced protection against current and future cyber threats. Enterprises need to be able to secure their data against both current and future cyber threats and with Arqit’s unique products, they have off-the-shelf solutions that can be easily deployed today.”

Kevin Goodall, Managing Director, Total Computers said:

“In today’s increasingly interconnected and cyber-threat prone world, enterprises need to ensure that cyber security is a core part of their strategy. We are delighted to offer Arqit’s groundbreaking encryption technology as part of our comprehensive suite of services for our customers.”

Notes to Editors

The UK Government acknowledges the quantum threat:

UK National Cyber Security Centre (NCSC): “A quantum computer will allow the attacker to read information that has been encrypted in the past, and forge information in the future” (NCSC, Preparing for Quantum-Safe Cryptography whitepaper, 11 November 2020, link).

“Store-now, decrypt-later” is a known threat and concerning for data with a long-time value:

UK National Cyber Security Centre (NCSC): “The threat to key agreement is that an adversary collecting encrypted data today would be able to decrypt it in future, should they have access to a CRQC [Cryptographically Relevant Quantum Computer]” (NCSC, Preparing for Quantum-Safe Cryptography whitepaper, 11 November 2020, link).


US Congress: “The rapid progress of quantum computing suggests the potential for adversaries of the United States to steal sensitive encrypted data today using classical computers and wait until sufficiently powerful quantum systems are available to decrypt it” (Congress, Quantum Computing Cybersecurity Preparedness Act, 21 December 2022, link).

Symmetric cryptography is a solution that can be implemented right now and can be used for both encryption and key exchange:

UK National Cyber Security Centre (NCSC): “In contrast with PKC [public-key cryptography], the security of symmetric cryptography is not significantly impacted by quantum computers, and existing symmetric algorithms with at least 128-bit keys (such as AES) can continue to be used” (NCSC, Next steps in preparing for post-quantum cryptography, 3 November 2023, link).


US National Security Agency (NSA): “NSA considers using pre-shared symmetric keys in a standards-compliant fashion a better near-term post-quantum solution than implementing experimental post-quantum asymmetric algorithms” (NSA, The Commercial National Security Algorithm Suite 2.0 and Quantum Computing, 7 September 2022, link).

The US Government has already directed their agencies to implement symmetric-key protections for National Security Systems (NSS):

The White House: “By December 31, 2023, agencies maintaining NSS shall implement symmetric-key protections (e.g., High Assurance Internet Protocol Encryptor (HAIPE) exclusion keys or VPN symmetric key solutions) to provide additional protection for quantum-vulnerable key exchanges” (The White House, National Security Memorandum on Promoting United States Leadership in Quantum Computing While Mitigating Risks to Vulnerable Cryptographic Systems, 4 May 2022, link).

About Arqit

Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (Arqit) supplies a unique encryption Platform as a Service which makes the communications links of any networked device, cloud machine or data at rest secure against both current and future forms of attack on encryption – even from a quantum computer. Compliant with NSA standards, Arqit’s Symmetric Key Agreement Platform delivers a lightweight software agent that allows devices to create encryption keys locally in partnership with any number of other devices. The keys are computationally secure and operate over zero trust networks. It can create limitless volumes of keys with any group size and refresh rate and can regulate the secure entrance and exit of a device in a group. The agent is lightweight and will thus run on the smallest of end point devices. The Product sits within a growing portfolio of granted patents. It also works in a standards compliant manner which does not oblige customers to make a disruptive rip and replace of their technology. Recognised for groundbreaking innovation at the Institution of Engineering and Technology awards in 2023, Arqit has also won the Innovation in Cyber Award at the National Cyber Awards and Cyber Security Software Company of the Year Award at the Cyber Security Awards. Arqit is ISO 27001 Standard certified. www.arqit.uk

https://finance.yahoo.com/news/arqit-announces-reseller-agreement-total-120200381.html

Looking good. Another gap to fill from early Feb. 2023.

Yes, looking real good. Thanks!

We are doing fine. The late Steve Bigalow's trading group, developed the 8 EMA as a buy/sell trade line. Anytime the price gets to far from the 8 EMA line, the price pulls back.



Looking at the long term chart, you will see a lot of volume up to $2.00. Once it breaks $2, it will move up on less resistance. Also notice that OBV has turned up.

Weekly Chart

Disappointed with today's candle.

Yes! Nice continuation day, even with the market down!

It didn't have any trouble busting through the 200 DMA and OBV is turning up nicely.

There is the close above the 200 day ma! Hasn't closed above it since early Nov, 2022!! Looking to see if it builds from here.

I saw that, but it came out the week prior, so I don't know how much it had to do with Last Week's movement. Thanks!

LONDON, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (Arqit), a leader in quantum-safe encryption, and CableFree: Wireless Excellence Ltd (CableFree), a leader in 5G Radio solutions, have today announced the availability of integrated quantum-safe cellular technology products for Private 5G networks using Symmetric Key Agreement.

Private enterprise networks based on 5G cellular technology are accelerating digital transformation across industries including manufacturing, healthcare, defence and smart cities. Private 5G gives enterprises access to high-speed, massively scalable, and ultra-reliable wireless connectivity, allowing them to implement innovative IoT and mobile solutions that enhance productivity, drive automation and improve customer engagement.

The security of these networks will be paramount as they will support safety-critical infrastructure and carry highly sensitive data. 5G networks coupled with direct-to-device connectivity, has significantly expanded the attack surface allowing cyber adversaries to launch attacks on a broader scale and at faster speeds.

The integration of CableFree’s 5G Small Cell Radios with Arqit’s Symmetric Key Agreement encryption technology delivers enhanced security for Private 5G networks and are now available to customers worldwide. Using zero trust architecture, these standards-compliant products deliver rotating authentication, making data harvesting useless.

David Williams, Arqit Founder, Chairman and CEO said:

“In the USA, NIAP has mandated support of RFC 8784 meaning that symmetric key agreement will now at the heart of all CSfC classified networking, and we expect this to flow through to most commercial environments. The telecoms industry also needs to take urgent action now to secure sensitive data for the long-term. The integration of CableFree’s 5G range with Arqit’s unique Symmetric Key Agreement Platform will keep sensitive data and communications safe from current and future cyber threats including spoofing attacks and quantum computing.”

Stephen Patrick, CableFree Founder and CEO said:

“We are delighted to extend the CableFree 5G range to include the latest quantum-safe encryption technology from Arqit, deployable as a software extension running on our proven range of 5G radios. Enhanced security is of benefit for many customers worldwide.”

Notes to Editors

CableFree 5G and 4G radios are available in all frequency bands from 400MHz to 6GHz today, covering worldwide MNO and Private Network bands as well as specialised bands used by Government, Public Safety, Utilities, and Rail Transportation Infrastructure.

https://finance.yahoo.com/news/arqit-cablefree-deliver-world-first-120000985.html

Stock price has bottomed at $,40 and OBV has turned up.

Weekly Chart

Nice move this week. traded above the 200 day Thursday and Friday, but couldn't close above it. Curious to see what next week holds. Anyone here?

At about what date does this thing have to be over a dollar before the Nasdaq kicks it off their exchange ?

This might be why its going up. Looks like another contract.
London, UK - 2 November 2023 - Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (Arqit), a leader in quantum-safe encryption, and DETASAD, a leading provider of telecommunications and Technology Solutions in the Kingdom of Saudi Arabia, today announced that Arqit’s Sovereign Symmetric Key Agreement Platform will be launched in the Kingdom of Saudi Arabia by DETASAD this month.

DETASAD, a market leader in data center and cloud services, cybersecurity and intelligence infrastructure solutions proudly announces expanding its cutting-edge partnership with Arqit, a global leader in quantum-safe cybersecurity. Together, the team is currently building a fully data-sovereign stack integrating Arqit's groundbreaking Symmetric Key Agreement solution, a technology that integrates seamlessly into existing networks to create trusted connections and secure communication links for any networked device, cloud machine or application. Secure against current and future forms of attack on encryption including from a quantum computer, the platform enhances security, resilience and the dynamic management of today’s networks.

This collaborative endeavour will not only drive the development of Saudi-specific solutions atop this platform but will also pioneer a local R&D partnership. The ultimate vision is to translate locally created solutions into products for both the Saudi market and the global export market, further bolstering the Kingdom's Vision 2030 alongside supporting the UK Government’s National Cyber Strategy. DETASAD are looking forward to making this unique proposition available to their customers commercially in the next few weeks and are happy to demonstrate the capabilities protecting their customer's businesses.

Under this innovative alliance, DETASAD and Arqit are planning to integrate Arqit technology into DETASAD’s MadeinSaudi Smart Capacity Management to deliver state-of-the-art, locally-developed cybersecurity to every endpoint - be it satellite or any other platform within the DETASAD edge cloud.

“From this month, customers in the Kingdom of Saudi Arabia and across the region will be able to benefit from enhanced security and resilience against cyber attacks, delivered by DETASAD using Arqit’s unique Symmetric Key Agreement Platform” said David Williams, Arqit Founder, Chairman and CEO. “With the increasing threat and proliferation of connected devices, Arqit’s crypto agile technology offers governments and enterprises the ability to immediately benefit from higher standards of network data and information assurance, sustainable into the quantum era.”

“At DETASAD, we are excited to embark on this transformative journey with Arqit," said Felix Wass, President & CEO. "Our partnership is more than just a technological alliance – we are setting out to revolutionize with a fully data-sovereign Symmetric Key Agreement Platform. We are not only bringing technology to the Kingdom of Saudi Arabia but will complement it and build a MadeInSaudi portfolio for the global markets.”

“I am delighted to welcome this important announcement” said Juliette Wilcox, the UK Government’s Cyber Security Ambassador. “Companies such as Arqit are leading the way in demonstrating how the UK’s cyber expertise can enhance cyber capabilities across Saudi Arabia, helping to further strengthen security across the Kingdom’s cyberspace.”

ARQQ new 52 week low

ARQQ new 52 week low

ARQQ new 52 week low

ARQQ new 52 week low

ARQQ new 52 week low

So thin - Only 55M Float + Earnings!

14000 SHARE BUY UP UP AND AWAY $$$$$$$$$$$$

well gosh darn two months later and my sentiment remains, i have my hands out like that one olive kid " please sir can I please have some more news"

If we can get back to 1.30 and stay there for some time my hopes may be renewed this current market very hard to figure out at least for me. this technology is he future just not sure if it's to early and if this is going to be one of the top horses or break its leg and have to take a slug to the noggin!

I did miss the mark by .07. Market knows better than I. Cheers!

I wouldn't mind seeing $3. But it's looking like we stall around 1.37. I hope I'm wrong. Cheers!

nice return from sewage back to garbage status- l would like to see $3.00 so i can make my 2 dollars profit when I sell

Well just like RIGETTI spaghetti the quantum math formula i did is not adding up!

Out of remaining 20% at $1.39 doubt we see $1.48 today


Pivot Point 3rd Level Resistance 1.5683
Pivot Point 2nd Level Resistance 1.4867

Hey take their money or the crooks will take yours .. out 80% of yesterday $1.25 at $1.34
Will give the 20% a $1.30
exit if charts say so resistance at $1.38


Pivot Point 3rd Level Resistance 1.5683
Pivot Point 2nd Level Resistance 1.4867

Pivot Point 1st Resistance Point 1.3833
Last 1.3550
High 1.3000
Previous Close 1.2800
Low 1.2200
Pivot Point 1st Support Point 1.1983
Pivot Point 2nd Support Point 1.1167
Pivot Point 3rd Support Point 1.0133

looks like reloading with blanks

Reloading zone $1.25 technical analysis