Quantum Computing Inc. (QUBT) announced second-quarter revenue of $5.6 million, an increase of over 9,000% from $61,000 in the same period last year. Despite the significant revenue growth, the company remains unprofitable, with net losses narrowing to $11.8 million from $36.5 million in the prior year. As of the end of the quarter, QUBT had an order backlog of $42.5 million and cash reserves of $1.3 billion. The company's stock closed near $9 in Friday (August 21) trading, with other quantum computing stocks also rising on the same day for various reasons, indicating that the sector is heavily influenced by industry sentiment.