atreus57
Oct 15, 4:08 PM
$LAES 's cash gives its post-quantum business time to develop. Sept. 30, 2026 cash/equivalents, including restricted cash: ~
$463M. H1 operating cash outflow + capex + employee share-tax payments annualize to ~
$51M.
Five years at that pace costs ~
$255M, leaving ~
$208M to cover restrictions, investments, Quantisimo obligations, other commitments and a cash reserve. Five-plus years is therefore plausible if those allocations stay below that headroom and burn stays controlled—without assuming new fundraising or profitability.
The bullish thesis: substantial funding capacity while customers qualify chips and move toward production. Improving operating cash flow could extend runway; faster spending could shorten it. Funding strength doesn't guarantee zero dilution.
$IONQ $QBTS
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