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Quantum Base Holdings plc, on 17 April 2026, reported expected total revenues for the financial year ending 30 April 2026 (FY26) of £455,000 to £595,000, driven by the integration of Customer #1 and onboarding of Customer #2. Approximately £42,000 of Customer #2 setup fees and other contracts are being deferred from FY26 into FY27, which is expected to result in a greater EBITDA loss for FY26. The company also announced unaudited net cash of £3.4 million at 31 March 2026 and the launch of its Q-ID® Scanner 2.0 on iOS, offering up to 3x faster authentication speeds.
| Date | 17 Apr 2026 |
| Time | 07:00:05 |
| Category | Trading updates |
| ID | 8430A |
17 April 2026
Quantum Base Holdings plc
("Quantum Base", the "Company" or the "Group")
Trading Update
Quantum Base Holdings plc (AIM: QUBE), the UK-based quantum science company focused on creating a new global standard in authentication powered by Q-ID®, provides the following update on current trading.
The Company has made strong progress and expects total revenues for the financial year ending 30 April 2026 ("FY26") to be in the range of £455,000 to £595,000, representing a significant increase on the financial year ended 30 April 2025 ("FY25"). This increase has been driven by the continued integration of Q-ID® with Customer #1, a leading global security printer, and the onboarding of Customer #2, a global art authentication registry.
The Company continues to make considerable commercial and operational progress whilst experiencing a few minor delays across customer engagements, meaning that certain contracts initially expected to be signed within FY26 are now anticipated to be entered into in the new financial year (starting 1 May 2026) ("FY27"). In addition, following a review of revenue accounting, approximately £42,000 of the initial set up fees for Customer #2 will be recognised in FY27. Together, these two factors have led to a deferral of revenue from FY26 into FY27. Given this, the EBITDA loss for FY26 is expected to be greater than market expectations.
Following the successful fundraise in December 2025, the Company remains well funded with unaudited net cash at 31 March 2026 of £3.4 million.
The Board remains confident in the strong underlying commercial momentum of the business. Quantum Base has progressed its discussions to an advanced stage with four potential customers across the security printing, pharmaceuticals and brand protection sectors, reflecting the broad applicability of Q-ID® technology and the growing market recognition of Q-ID® as a credible, scalable solution.
Operational Highlights
Q-ID® Scanner 2.0 launched on iOS
The Company has released the Q-ID® Scanner 2.0 on iOS, with up to 3x faster authentication speeds and end-to-end scans in less than 3 seconds. Authentication is up to 7x faster in low-data, 3G and 4G environments. The update includes a number of usability improvements, as well as the use of an 'App Clip', removing the need for an app store download on iOS. The Android version is in development and is expected to follow shortly.
Sales and marketing investment
In line with its stated strategy, the Company has made several key hires in sales and marketing to scale its demand generation capabilities. The Board believes these additions will strengthen the Company's commercial pipeline and support revenue growth.
Tom Taylor, CEO of Quantum Base, commented:
"The scale of our revenue growth from FY25 to FY26 reflects the maturing nature of Quantum Base and its offering over the past year. We have moved from early-stage commercial engagement into a business with real, growing revenues and a pipeline of opportunities that will drive significant growth. The launch of Q-ID® Scanner 2.0 is another meaningful step in making our technology faster and easier for our customers. Our expanded commercial team is now in place and a number of advanced partnership discussions are underway across security printing, pharmaceuticals and brand protection. We are now well positioned to build on this momentum, and I look forward to updating shareholders on these discussions in due course."
END
This announcement contains inside information as defined in Article 7 of the EU Market Abuse Regulation No 596/2014, as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended, and has been announced in accordance with the Company's obligations under Article 17 of that Regulation.
For further information, please contact:
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Quantum Base Tom Taylor, CEO Rob Young, Chief Science Officer |
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Strand Hanson Limited (Financial and Nominated Adviser) Christopher Raggett James BellmanEdward Foulkes |
+44 (0)207 409 3494 |
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Cavendish Capital Markets Limited (Broker) Ed Frisby / Isaac Hooper - Corporate Finance Andrew Burdis - Corporate Broking Michael Johnson / Dale Bellis / Jasper Berry - Sales |
+44 (0)20 7220 0500 |
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BlytheRay (Financial PR) Megan Ray Will Jones |
+44 (0)20 7138 3204 |
About Quantum Base
Quantum Base is a quantum science company creating a new global standard in authentication through its patented Q-ID solution - unbreakable and non-replicable authenticity tags that can be applied to a vast array of products, significantly mitigating counterfeiting.
The technology underpinning Q-IDs harnesses randomness at the atomic level, and this volume and variation ensure that there is virtually an infinite number of combinations that can be created. The Q-ID is practically impossible to replicate using even the most advanced available technology.
Q-IDs can be applied to almost any print line and can be entirely non-intrusive to a product's existing design, meaning that they can be utilised in a vast number of end markets. The authentication process to identify printed tags is undertaken using existing and unmodified smartphone technology, providing easy authentication and proven security for global brands, governments and consumers.