Arqit Quantum (ARQQ -4.44%) reported its results for the first half of its fiscal 2025 on May 19, posting revenue of $67,000 and an operating loss of $17.8 million, reflecting delayed contract revenue and the company's ongoing transition to a software-as-a-service (SaaS) business model. Management announced a milestone three-year agreement with a tier-one telecom operator, and also the company’s initial U.S. Department of Defense (DoD) contract. Management emphasized cost discipline and expanding key market ...