{"success":true,"data":{"pressRelease":{"id":"140337","rtpr_id":"nNFCbFQMwS-20260910","ticker":"ONE","exchange":"","all_tickers":["ONE"],"title":"01 Quantum Reports Fiscal Third Quarter 2026 Results and Highlights Momentum Across PQC and Secure AI Markets","author":"Newsfile Corp","published_at":"2026-09-10T12:00:15.825Z","article_body":"Toronto, Ontario--(Newsfile Corp. - September 10, 2026) - 01 Quantum\nInc. (TSXV: ONE) (OTCQB: OONEF) (\"01 Quantum\" or the \"Company\"), one of the\nfirst-to-market, enterprise level cybersecurity providers for the quantum\ncomputing era, today provided an operational update and reported financial\nresults for its fiscal third quarter 2026, which ended July 31(st), 2026. The\nquarter saw strong capital management, additional partnerships with systems\nintegrators, the addition of a Technology Partnership Agreement with Crypto4A,\nand continued progress across a portfolio of application ready post-quantum\ncryptography (\"PQC\") technologies.\n\n\"This quarter continued to demonstrate the progress we are making through new\npartnerships and independent validation of our technologies,\" said Andrew\nCheung, CEO of 01 Quantum. \"We received an independent validation from\nCarleton University for our Quantum AI Wrapper (\"QAW\") technologies,\ndemonstrating how we can efficiently provide an AI operations platform while\npreserving user data privacy. Our agreement with a leading Canadian global\nsystem integrator, together with our Technology Partnership Agreement with\nCrypto4A, broadens our distribution channels across enterprise, financial\nservices, government, and defense verticals. During the year, we completed two\nimportant customer funded development projects. With these projects\nsuccessfully completed and the related products commercially available, our\npartners have commenced sales and marketing activities, and under existing\nagreements, the Company will receive previously agreed upon royalties based on\nrevenue generated. Combined with our current cash position and disciplined\ncash management, we are positioned to continue advancing our R&D and marketing\nefforts. We have built our commercialization framework based on validated\ntechnology, real world applications, sector driven demand, and credible Tier-1\npartners. These foundations support durable adoption of our platforms and\nplace 01 Quantum in a meaningful position as governments and enterprises\ntransition to quantum-resilient cybersecurity and secure AI execution.\"\n\nOperational Updates and Pipeline Growth\n\nDuring the quarter, 01 Quantum advanced several key initiatives:\n\nAgreement with Global Systems Integrator. As announced on June 10, 2026, the\nCompany signed a strategic commercialization agreement with a leading Canadian\nglobal IT and business consulting integrator. This agreement serves as a major\ndistribution catalyst, establishing a structured channel for introducing 01\nQuantum's PQC and secure AI offerings into large-scale digital infrastructure\nmodernization initiatives across enterprise and public sector accounts.\n\nTechnology Partnership with Crypto4A. As announced on July 15, 2026, the\nCompany entered into a Technology Partnership Agreement with Crypto4A, an\nOttawa-based global Hardware Security Module (HSM) vendor, to coordinate\nmarket engagement, customer introductions, and co-marketing initiatives\nfocused on quantum-safe modernization. The partnership aligns 01 Quantum's PQC\nand secure AI capabilities with Crypto4A's expertise in cryptographic agility,\nsecure key management, and high-assurance infrastructure.\n\nIndependent Technical Validation. As announced on July 28, 2026, academic work\nreleased by Carleton University reinforced that 01 Quantum's QAW technologies\nare suitable for privacy-preserved AI operations. This validation supports the\nCompany's strategy of wrapping its technologies around secure AI operations.\n\nSupport for Japanese Partner. Deployment activity for DoMobile Ver.5 continued\nto grow through the Company's Japanese partner, with onboarding expanding\nacross enterprise and regulated sectors.\n\nqLABS launches qVAULT. The Company continued to support qLABS as it advances\nPQC enhanced applications. During the quarter, as announced on June 18, 2026,\nqLABS launched qVAULT as a core utility within the qONE ecosystem. qVAULT\nprovides quantum resistant storage and transaction capabilities for digital\nassets, stablecoins, and tokenized digital bonds. As qLABS leads market\noutreach, qVAULT is expected to increase token utility as users adopt Q-Day\nprotection across digital-asset environments.\n\nFinancial Highlights\n\nRevenue for the third quarter was $64,410 (2025 - $143,957) and $1,082,507\n(2025 - $333,269) year to date. The quarterly revenue variance reflects the\nconclusion of one-time customer-funded development and integration\narrangements as those projects reached completion. The related products are\nnow commercially available, and under existing agreements, the Company\nreceives royalties from its Japanese partner and qLABS, which funded the\ndevelopment, based on revenue generated from these offerings.\n\nNet Loss for the third quarter was $892,044 (2025 - $351,411) and $1,789,511\n($773,633) year to date.\n\nThe adjusted loss for the third quarter, which excludes stock-based\ncompensation of $438,000 (2025 - $80,000) and depreciation was $453,429 (2025\n- $269,939).\n\nThe adjusted loss on a year-to-date basis, which excludes stock-based\ncompensation of $1,158,000 (2025 - $235,000), depreciation and the $295,000\ndigital-asset revenue recognized earlier in the fiscal year, was $922,991\n(2025 - $533,375).\n\nCash operating expenses for the third quarter were $514,074 (2025 - $407,292)\nand $1,702,683 (2025 - $844,643) year to date. Cash operating expenses consist\nsolely of research and development and selling, general and administrative\nexpenses.\n\nThe Company completed the quarter with cash and cash equivalents of\n$2,877,629. With a disciplined quarterly cash flow management and streamlined\noperating model, the Company maintains a solid balance sheet that supports\nongoing operations and its current commercialization efforts.\n\nConference Call Reminder - 10:00 AM EST Today\n\nJoin 01 Quantum live today at 10:00AM EST (Thursday September 10, 2026) for an\nupdate on the Company's results as well as an overview of and the potential\nfor the Company's strategic partnerships and insights into the Company's\nroadmap and additional areas of focus.\n\nBrowser (please cut-and-paste the following link into your browser):\nhttps://us02web.zoom.us/j/83272630612?pwd=zntVLSugtbPyvLgjY6lbKEkkUhK72W.1\nPasscode: 01Quantum\n\nDial-in:\nWithin Canada (647) 374-4685 or (647) 558-0588\nWithin the USA (646) 558 8656 or (669) 900 9128\nWebinar ID when prompted is 832 7263 0612\nPasscode: 827339858\n\nThe Company's unaudited consolidated financial statements and Management's\nDiscussion and Analysis for the period ended July 31, 2026 are available on\nSEDAR+.\n\nAbout 01 Quantum Inc.\n\n01 Quantum Inc., formerly 01 Communique Laboratory Inc. (TSXV: ONE) (OTCQB:\nOONEF), is known for its innovative work in post-quantum cryptography (PQC),\ndeveloping technologies designed to protect digital systems against emerging\nquantum computing threats. The Company's IronCAP™ and supporting\ntechnologies are integrated into its PQC solutions, enabling applications\nacross security sensitive environments including digital assets, AI systems,\nemail security, and enterprise infrastructure. IronCAP™ technologies are\npatent-protected in the U.S.A. by patents #11,271,715 and #11,669,833.\nFor more information, visit the Company's website at https://01quantuminc.com\n| https://01com.com.\n\nCautionary Note Regarding Forward-looking Statements.\n\nCertain statements in this news release may constitute \"forward-looking\"\nstatements which involve known and unknown risks, uncertainties and other\nfactors which may cause the actual results, performance or achievements of the\nCompany, or industry results, to be materially different from any future\nresults, performance or achievements expressed or implied by such\nforward-looking statements. When used in this news release, such statements\nuse such words as \"may\", \"will\", \"expect\", \"believe\", \"plan\", \"intend\", \"are\nconfident\" and other similar terminology. Such statements include statements\nregarding the expansion of the Company's product lineup, the timing of\ncommercialization of the Company's technologies, the success of the Company's\nstrategic alliances, the future of quantum computers and their impact on the\nCompany's product offering, the functionality of the Company's products and\nthe intended product lines for the Company's technology and the potential\nlicensing of the Company's technology. These statements reflect current\nexpectations regarding future events and operating performance and speak only\nas of the date of this news release. Forward-looking statements involve\nsignificant risks and uncertainties, should not be read as guarantees of\nfuture performance or results, and will not necessarily be accurate\nindications of whether or not such results will be achieved. A number of\nfactors could cause actual results to differ materially from the results\ndiscussed in the forward-looking statements, including, but not limited to,\nthe factors discussed under \"Risk and Uncertainties\" in the Company's\nManagement`s Discussion and Analysis document filed on SEDAR+. Although the\nforward-looking statements contained in this news release are based upon what\nmanagement of the Company believes are reasonable assumptions, the Company\ncannot assure investors that actual results will be consistent with these\nforward-looking statements. These forward-looking statements are made as of\nthe date of this news release, and the Company assumes no obligation to update\nor revise them to reflect new events or circumstances.\n\nNeither TSX Venture Exchange (\"TSX-V\") nor its Regulation Services Provider\n(as that term is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\nINVESTOR CONTACT:\nBrian Stringer\nChief Financial Officer\n01 Quantum Inc.\n(905) 795-2888 x204\nBrian.stringer@01com.com\n\nSean Peasgood\nInvestor Relations\nSophic Capital\n49 Wellington St. E, Suite 500\nToronto, ON M5E 1C9\n(437) 295-1701\nSean@SophicCapital.com\n\n 01 Quantum Inc.                                \n SELECTED FINANCIAL INFORMATION                 \n UNAUDITED                                      \n Consolidated Statements of Financial Position  \n As at July 31, 2026 and October 31, 2025       \n\n \n\n                                                 31-Jul-26          31-Oct-25       \n                                                                                    \n Assets                                                                             \n Current assets                                                                     \n Cash                                         $  227,629         $  159,133         \n Guaranteed investment certificate               2,650,000          2,913,518       \n Accounts receivable                             91,268             192,316         \n Prepaid expenses and other assets               59,468             26,540          \n                                                 3,028,365          3,291,507       \n                                                                                    \n Digital asset                                   295,000            -               \n Plant and equipment                             84,835             115,454         \n Total assets                                 $  3,408,200       $  3,406,961       \n                                                                                    \n Liabilities and Shareholders' Deficit                                              \n Current liabilities                                                                \n Accounts payable                             $  175,756         $  346,917         \n Deferred revenue                                4,236              3,783           \n Lease liability                                 43,865             41,628          \n                                                 223,857            392,328         \n Non-current liabilities                                                            \n Lease liability                                 31,014             65,347          \n Total liabilities                               254,871            457,675         \n                                                                                    \n Shareholders' deficit                                                              \n Share capital                                   48,004,123         46,825,347      \n Contributed surplus                             7,774,586          6,767,886       \n Warrants                                        827,645            1,018,587       \n Agent's compensation options                    93,435             94,415          \n Deficit                                         (53,546,460  )     (51,756,949  )  \n                                                 3,153,329          2,949,286       \n                                                                                    \n Total liabilities and shareholders' deficit  $  3,408,200       $  3,406,961       \n\n \n\n 01 Quantum Inc.                                                 \n SELECTED FINANCIAL INFORMATION                                  \n UNAUDITED                                                       \n Consolidated Statements of Operations and Comprehensive Income  \n For the 3 and 9 month periods ended July 31, 2026 and 2025      \n\n \n\n                                              three months ended                              nine months ended                         \n                                              31-Jul-26                  31-Jul-25            31-Jul-26                  31-Jul-25      \n                                                                                                                                        \n Revenue                                   $  64,410              $      143,957           $  1,082,507           $      333,269        \n Expenses:                                                                                                                              \n Selling, general and administrative          305,362                    207,746              1,033,887                  417,852        \n Stock based compensation                     438,000                    80,000               1,158,000                  235,000        \n Research and development                     209,327                    201,018              672,316                    432,049        \n Withholding taxes                            5,764                      6,587                17,172                     21,554         \n                                              958,453                    495,351              2,881,375                  1,106,455      \n Loss before other income and expense         (894,043     )             (351,394     )       (1,798,868   )             (773,186    )  \n Interest income                              2,673                      2,123                11,960                     3,095          \n Interest expense                             (674         )             (2,140       )       (2,603       )             (3,542      )  \n Loss and comprehensive loss               $  (892,044     )      $      (351,411     )    $  (1,789,511   )      $      (773,633    )  \n                                                                                                                                        \n Loss per common share                                                                                                                  \n Basic                                     $  (0.01        )      $      (0.00        )    $  (0.02        )      $      (0.01       )  \n Diluted                                   $  (0.01        )      $      (0.00        )    $  (0.02        )      $      (0.01       )  \n                                                                                                                                        \n Weighted average number of common shares                                                                                               \n Basic                                        109,214,864                101,763,576          108,616,299                99,774,807     \n Diluted                                      109,214,864                101,763,576          108,616,299                99,774,807     \n\n \n\n 01 Quantum Inc.                                             \n SELECTED FINANCIAL INFORMATION                              \n UNAUDITED                                                   \n Consolidated Statements of Cash Flows                       \n For the 3 and 9 month periods ended July 31, 2026 and 2025  \n\n \n\n                                                   three months ended                          nine months ended                       \n                                                   31-Jul-26                31-Jul-25          31-Jul-26                 31-Jul-25     \n Cash provided by (used in):                                                                                                           \n                                                                                                                                       \n Operating activities:                                                                                                                 \n                                                                                                                                       \n Loss and comprehensive loss                    $  (892,044   )      $      (351,411   )    $  (1,789,511  )      $      (773,633   )  \n Adjustments to reconcile the loss for                                                                                                 \n the net cash flows from operating activities:                                                                                         \n Digital asset revenue                             -                        -                  (295,000    )             -             \n Depreciation of property and equipment            615                      1,472              3,520                     5,258         \n Amortization of right-of-use asset                10,733                   10,733             32,199                    33,633        \n Stock-based compensation expense                  438,000                  80,000             1,158,000                 235,000       \n Change in non-cash working capital                299,697                  22,798             (102,588    )             12,375        \n                                                   (142,999   )             (236,408   )       (993,380    )             (487,367   )  \n Financing activities:                                                                                                                 \n Exercise of stock options                         132,000                  -                  189,500                   58,500        \n Exercise of warrants                              -                        -                  644,374                   -             \n Proceeds from private placement                   -                        511,500            -                         1,431,500     \n Less issuance costs                               -                        (12,977    )       -                         (30,419    )  \n Exercise of Agents' options                       -                        -                  1,680                     -             \n Lease payments made                               (9,668     )             (8,224     )       (32,096     )             (32,672    )  \n                                                   122,332                  490,299            803,458                   1,426,909     \n                                                                                                                                       \n Investing activities:                                                                                                                 \n Sale (Purchase) of GIC                            200,000                  (260,000   )       263,518                   (950,000   )  \n Purchase of property and equipment                (1,044     )             (801       )       (5,100      )             (2,343     )  \n                                                   198,956                  (260,801   )       258,418                   (952,343   )  \n                                                                                                                                       \n Increase (decrease) in cash                       178,289                  (6,910     )       68,496                    (12,801    )  \n Cash, beginning of period                         49,340                   133,235            159,133                   139,126       \n Cash, end of period                            $  227,629           $      126,325         $  227,629            $      126,325       \n\n \n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/313740","article_body_html":"","raw_payload":{"data":{"id":"nNFCbFQMwS-20260910","title":"01 Quantum Reports Fiscal Third Quarter 2026 Results and Highlights Momentum Across PQC and Secure AI Markets","author":"Newsfile Corp","ticker":"ONE","created":"2026-09-10T12:00:15.825Z","tickers":["ONE"],"exchange":"","article_body":"Toronto, Ontario--(Newsfile Corp. - September 10, 2026) - 01 Quantum\nInc. (TSXV: ONE) (OTCQB: OONEF) (\"01 Quantum\" or the \"Company\"), one of the\nfirst-to-market, enterprise level cybersecurity providers for the quantum\ncomputing era, today provided an operational update and reported financial\nresults for its fiscal third quarter 2026, which ended July 31(st), 2026. The\nquarter saw strong capital management, additional partnerships with systems\nintegrators, the addition of a Technology Partnership Agreement with Crypto4A,\nand continued progress across a portfolio of application ready post-quantum\ncryptography (\"PQC\") technologies.\n\n\"This quarter continued to demonstrate the progress we are making through new\npartnerships and independent validation of our technologies,\" said Andrew\nCheung, CEO of 01 Quantum. \"We received an independent validation from\nCarleton University for our Quantum AI Wrapper (\"QAW\") technologies,\ndemonstrating how we can efficiently provide an AI operations platform while\npreserving user data privacy. Our agreement with a leading Canadian global\nsystem integrator, together with our Technology Partnership Agreement with\nCrypto4A, broadens our distribution channels across enterprise, financial\nservices, government, and defense verticals. During the year, we completed two\nimportant customer funded development projects. With these projects\nsuccessfully completed and the related products commercially available, our\npartners have commenced sales and marketing activities, and under existing\nagreements, the Company will receive previously agreed upon royalties based on\nrevenue generated. Combined with our current cash position and disciplined\ncash management, we are positioned to continue advancing our R&D and marketing\nefforts. We have built our commercialization framework based on validated\ntechnology, real world applications, sector driven demand, and credible Tier-1\npartners. These foundations support durable adoption of our platforms and\nplace 01 Quantum in a meaningful position as governments and enterprises\ntransition to quantum-resilient cybersecurity and secure AI execution.\"\n\nOperational Updates and Pipeline Growth\n\nDuring the quarter, 01 Quantum advanced several key initiatives:\n\nAgreement with Global Systems Integrator. As announced on June 10, 2026, the\nCompany signed a strategic commercialization agreement with a leading Canadian\nglobal IT and business consulting integrator. This agreement serves as a major\ndistribution catalyst, establishing a structured channel for introducing 01\nQuantum's PQC and secure AI offerings into large-scale digital infrastructure\nmodernization initiatives across enterprise and public sector accounts.\n\nTechnology Partnership with Crypto4A. As announced on July 15, 2026, the\nCompany entered into a Technology Partnership Agreement with Crypto4A, an\nOttawa-based global Hardware Security Module (HSM) vendor, to coordinate\nmarket engagement, customer introductions, and co-marketing initiatives\nfocused on quantum-safe modernization. The partnership aligns 01 Quantum's PQC\nand secure AI capabilities with Crypto4A's expertise in cryptographic agility,\nsecure key management, and high-assurance infrastructure.\n\nIndependent Technical Validation. As announced on July 28, 2026, academic work\nreleased by Carleton University reinforced that 01 Quantum's QAW technologies\nare suitable for privacy-preserved AI operations. This validation supports the\nCompany's strategy of wrapping its technologies around secure AI operations.\n\nSupport for Japanese Partner. Deployment activity for DoMobile Ver.5 continued\nto grow through the Company's Japanese partner, with onboarding expanding\nacross enterprise and regulated sectors.\n\nqLABS launches qVAULT. The Company continued to support qLABS as it advances\nPQC enhanced applications. During the quarter, as announced on June 18, 2026,\nqLABS launched qVAULT as a core utility within the qONE ecosystem. qVAULT\nprovides quantum resistant storage and transaction capabilities for digital\nassets, stablecoins, and tokenized digital bonds. As qLABS leads market\noutreach, qVAULT is expected to increase token utility as users adopt Q-Day\nprotection across digital-asset environments.\n\nFinancial Highlights\n\nRevenue for the third quarter was $64,410 (2025 - $143,957) and $1,082,507\n(2025 - $333,269) year to date. The quarterly revenue variance reflects the\nconclusion of one-time customer-funded development and integration\narrangements as those projects reached completion. The related products are\nnow commercially available, and under existing agreements, the Company\nreceives royalties from its Japanese partner and qLABS, which funded the\ndevelopment, based on revenue generated from these offerings.\n\nNet Loss for the third quarter was $892,044 (2025 - $351,411) and $1,789,511\n($773,633) year to date.\n\nThe adjusted loss for the third quarter, which excludes stock-based\ncompensation of $438,000 (2025 - $80,000) and depreciation was $453,429 (2025\n- $269,939).\n\nThe adjusted loss on a year-to-date basis, which excludes stock-based\ncompensation of $1,158,000 (2025 - $235,000), depreciation and the $295,000\ndigital-asset revenue recognized earlier in the fiscal year, was $922,991\n(2025 - $533,375).\n\nCash operating expenses for the third quarter were $514,074 (2025 - $407,292)\nand $1,702,683 (2025 - $844,643) year to date. Cash operating expenses consist\nsolely of research and development and selling, general and administrative\nexpenses.\n\nThe Company completed the quarter with cash and cash equivalents of\n$2,877,629. With a disciplined quarterly cash flow management and streamlined\noperating model, the Company maintains a solid balance sheet that supports\nongoing operations and its current commercialization efforts.\n\nConference Call Reminder - 10:00 AM EST Today\n\nJoin 01 Quantum live today at 10:00AM EST (Thursday September 10, 2026) for an\nupdate on the Company's results as well as an overview of and the potential\nfor the Company's strategic partnerships and insights into the Company's\nroadmap and additional areas of focus.\n\nBrowser (please cut-and-paste the following link into your browser):\nhttps://us02web.zoom.us/j/83272630612?pwd=zntVLSugtbPyvLgjY6lbKEkkUhK72W.1\nPasscode: 01Quantum\n\nDial-in:\nWithin Canada (647) 374-4685 or (647) 558-0588\nWithin the USA (646) 558 8656 or (669) 900 9128\nWebinar ID when prompted is 832 7263 0612\nPasscode: 827339858\n\nThe Company's unaudited consolidated financial statements and Management's\nDiscussion and Analysis for the period ended July 31, 2026 are available on\nSEDAR+.\n\nAbout 01 Quantum Inc.\n\n01 Quantum Inc., formerly 01 Communique Laboratory Inc. (TSXV: ONE) (OTCQB:\nOONEF), is known for its innovative work in post-quantum cryptography (PQC),\ndeveloping technologies designed to protect digital systems against emerging\nquantum computing threats. The Company's IronCAP™ and supporting\ntechnologies are integrated into its PQC solutions, enabling applications\nacross security sensitive environments including digital assets, AI systems,\nemail security, and enterprise infrastructure. IronCAP™ technologies are\npatent-protected in the U.S.A. by patents #11,271,715 and #11,669,833.\nFor more information, visit the Company's website at https://01quantuminc.com\n| https://01com.com.\n\nCautionary Note Regarding Forward-looking Statements.\n\nCertain statements in this news release may constitute \"forward-looking\"\nstatements which involve known and unknown risks, uncertainties and other\nfactors which may cause the actual results, performance or achievements of the\nCompany, or industry results, to be materially different from any future\nresults, performance or achievements expressed or implied by such\nforward-looking statements. When used in this news release, such statements\nuse such words as \"may\", \"will\", \"expect\", \"believe\", \"plan\", \"intend\", \"are\nconfident\" and other similar terminology. Such statements include statements\nregarding the expansion of the Company's product lineup, the timing of\ncommercialization of the Company's technologies, the success of the Company's\nstrategic alliances, the future of quantum computers and their impact on the\nCompany's product offering, the functionality of the Company's products and\nthe intended product lines for the Company's technology and the potential\nlicensing of the Company's technology. These statements reflect current\nexpectations regarding future events and operating performance and speak only\nas of the date of this news release. Forward-looking statements involve\nsignificant risks and uncertainties, should not be read as guarantees of\nfuture performance or results, and will not necessarily be accurate\nindications of whether or not such results will be achieved. A number of\nfactors could cause actual results to differ materially from the results\ndiscussed in the forward-looking statements, including, but not limited to,\nthe factors discussed under \"Risk and Uncertainties\" in the Company's\nManagement`s Discussion and Analysis document filed on SEDAR+. Although the\nforward-looking statements contained in this news release are based upon what\nmanagement of the Company believes are reasonable assumptions, the Company\ncannot assure investors that actual results will be consistent with these\nforward-looking statements. These forward-looking statements are made as of\nthe date of this news release, and the Company assumes no obligation to update\nor revise them to reflect new events or circumstances.\n\nNeither TSX Venture Exchange (\"TSX-V\") nor its Regulation Services Provider\n(as that term is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\nINVESTOR CONTACT:\nBrian Stringer\nChief Financial Officer\n01 Quantum Inc.\n(905) 795-2888 x204\nBrian.stringer@01com.com\n\nSean Peasgood\nInvestor Relations\nSophic Capital\n49 Wellington St. E, Suite 500\nToronto, ON M5E 1C9\n(437) 295-1701\nSean@SophicCapital.com\n\n 01 Quantum Inc.                                \n SELECTED FINANCIAL INFORMATION                 \n UNAUDITED                                      \n Consolidated Statements of Financial Position  \n As at July 31, 2026 and October 31, 2025       \n\n \n\n                                                 31-Jul-26          31-Oct-25       \n                                                                                    \n Assets                                                                             \n Current assets                                                                     \n Cash                                         $  227,629         $  159,133         \n Guaranteed investment certificate               2,650,000          2,913,518       \n Accounts receivable                             91,268             192,316         \n Prepaid expenses and other assets               59,468             26,540          \n                                                 3,028,365          3,291,507       \n                                                                                    \n Digital asset                                   295,000            -               \n Plant and equipment                             84,835             115,454         \n Total assets                                 $  3,408,200       $  3,406,961       \n                                                                                    \n Liabilities and Shareholders' Deficit                                              \n Current liabilities                                                                \n Accounts payable                             $  175,756         $  346,917         \n Deferred revenue                                4,236              3,783           \n Lease liability                                 43,865             41,628          \n                                                 223,857            392,328         \n Non-current liabilities                                                            \n Lease liability                                 31,014             65,347          \n Total liabilities                               254,871            457,675         \n                                                                                    \n Shareholders' deficit                                                              \n Share capital                                   48,004,123         46,825,347      \n Contributed surplus                             7,774,586          6,767,886       \n Warrants                                        827,645            1,018,587       \n Agent's compensation options                    93,435             94,415          \n Deficit                                         (53,546,460  )     (51,756,949  )  \n                                                 3,153,329          2,949,286       \n                                                                                    \n Total liabilities and shareholders' deficit  $  3,408,200       $  3,406,961       \n\n \n\n 01 Quantum Inc.                                                 \n SELECTED FINANCIAL INFORMATION                                  \n UNAUDITED                                                       \n Consolidated Statements of Operations and Comprehensive Income  \n For the 3 and 9 month periods ended July 31, 2026 and 2025      \n\n \n\n                                              three months ended                              nine months ended                         \n                                              31-Jul-26                  31-Jul-25            31-Jul-26                  31-Jul-25      \n                                                                                                                                        \n Revenue                                   $  64,410              $      143,957           $  1,082,507           $      333,269        \n Expenses:                                                                                                                              \n Selling, general and administrative          305,362                    207,746              1,033,887                  417,852        \n Stock based compensation                     438,000                    80,000               1,158,000                  235,000        \n Research and development                     209,327                    201,018              672,316                    432,049        \n Withholding taxes                            5,764                      6,587                17,172                     21,554         \n                                              958,453                    495,351              2,881,375                  1,106,455      \n Loss before other income and expense         (894,043     )             (351,394     )       (1,798,868   )             (773,186    )  \n Interest income                              2,673                      2,123                11,960                     3,095          \n Interest expense                             (674         )             (2,140       )       (2,603       )             (3,542      )  \n Loss and comprehensive loss               $  (892,044     )      $      (351,411     )    $  (1,789,511   )      $      (773,633    )  \n                                                                                                                                        \n Loss per common share                                                                                                                  \n Basic                                     $  (0.01        )      $      (0.00        )    $  (0.02        )      $      (0.01       )  \n Diluted                                   $  (0.01        )      $      (0.00        )    $  (0.02        )      $      (0.01       )  \n                                                                                                                                        \n Weighted average number of common shares                                                                                               \n Basic                                        109,214,864                101,763,576          108,616,299                99,774,807     \n Diluted                                      109,214,864                101,763,576          108,616,299                99,774,807     \n\n \n\n 01 Quantum Inc.                                             \n SELECTED FINANCIAL INFORMATION                              \n UNAUDITED                                                   \n Consolidated Statements of Cash Flows                       \n For the 3 and 9 month periods ended July 31, 2026 and 2025  \n\n \n\n                                                   three months ended                          nine months ended                       \n                                                   31-Jul-26                31-Jul-25          31-Jul-26                 31-Jul-25     \n Cash provided by (used in):                                                                                                           \n                                                                                                                                       \n Operating activities:                                                                                                                 \n                                                                                                                                       \n Loss and comprehensive loss                    $  (892,044   )      $      (351,411   )    $  (1,789,511  )      $      (773,633   )  \n Adjustments to reconcile the loss for                                                                                                 \n the net cash flows from operating activities:                                                                                         \n Digital asset revenue                             -                        -                  (295,000    )             -             \n Depreciation of property and equipment            615                      1,472              3,520                     5,258         \n Amortization of right-of-use asset                10,733                   10,733             32,199                    33,633        \n Stock-based compensation expense                  438,000                  80,000             1,158,000                 235,000       \n Change in non-cash working capital                299,697                  22,798             (102,588    )             12,375        \n                                                   (142,999   )             (236,408   )       (993,380    )             (487,367   )  \n Financing activities:                                                                                                                 \n Exercise of stock options                         132,000                  -                  189,500                   58,500        \n Exercise of warrants                              -                        -                  644,374                   -             \n Proceeds from private placement                   -                        511,500            -                         1,431,500     \n Less issuance costs                               -                        (12,977    )       -                         (30,419    )  \n Exercise of Agents' options                       -                        -                  1,680                     -             \n Lease payments made                               (9,668     )             (8,224     )       (32,096     )             (32,672    )  \n                                                   122,332                  490,299            803,458                   1,426,909     \n                                                                                                                                       \n Investing activities:                                                                                                                 \n Sale (Purchase) of GIC                            200,000                  (260,000   )       263,518                   (950,000   )  \n Purchase of property and equipment                (1,044     )             (801       )       (5,100      )             (2,343     )  \n                                                   198,956                  (260,801   )       258,418                   (952,343   )  \n                                                                                                                                       \n Increase (decrease) in cash                       178,289                  (6,910     )       68,496                    (12,801    )  \n Cash, beginning of period                         49,340                   133,235            159,133                   139,126       \n Cash, end of period                            $  227,629           $      126,325         $  227,629            $      126,325       \n\n \n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/313740"},"type":"article","timestamp":"2026-09-10T12:00:15.883773024Z","server_sent_at_ms":1789041615883},"received_at":"2026-09-10T12:00:16.054Z","source_url":"https://www.newsfilecorp.com/release/313740"},"analysis":{"id":"129165","press_release_id":"140337","analysis_json":{"industry":{"label":"Software","sector":"Information Technology"},"redFlags":["Q3 revenue fell roughly 55% YoY as one-time customer-funded development projects concluded; replacement royalty income not yet material","Net loss widened to $892,044 from $351,411, driven in part by $438,000 of stock-based compensation","Liquidity of ~$2.9M (cash plus GIC) against ~$0.5-0.9M of quarterly burn implies only a few quarters of runway without new financing","Micro-cap profile: ~109M weighted shares, $53.5M accumulated deficit, and commercialization reliant on third-party partners (unnamed Japanese partner, qLABS)"],"eventType":"earnings","narrative":"01 Quantum (TSXV: ONE) reported fiscal Q3 2026 revenue of $64,410, down from $143,957 a year earlier, and a net loss of $892,044 versus $351,411, with the decline tied to the completion of one-time customer-funded development projects.\n\nYear-to-date revenue reached $1,082,507 versus $333,269, and the company ended the quarter with $2,877,629 in cash and cash equivalents against Q3 cash operating expenses of $514,074.\n\nOperationally, the quarter added a Technology Partnership Agreement with HSM vendor Crypto4A, a commercialization agreement with a Canadian global systems integrator, independent Carleton University validation of the Quantum AI Wrapper, and qLABS' launch of qVAULT within the qONE ecosystem.\n\nManagement says the completed projects shift the model to royalties from its Japanese partner and qLABS; with losses widening and roughly $2.9M of liquidity, the royalty ramp is the metric to watch.","sentiment":"mixed","agentHooks":{"shouldPost":false,"suggestedAngle":"Micro-cap PQC earnings: one-time project revenue rolled off in Q3 -- watch whether royalties from qLABS and the Japanese partner can backfill the decline."},"keyFigures":{"revenue":64410,"revenueYoy":"-55.3% (derived from stated Q3 figures: $64,410 vs $143,957)","customDimensions":{"net_loss_q3":892044,"revenue_ytd":1082507,"net_loss_ytd":1789511,"adjusted_loss_q3":453429,"revenue_prior_year_q3":143957,"net_loss_q3_prior_year":351411,"revenue_ytd_prior_year":333269,"revenue_ytd_yoy_derived":"+224.8%","cash_and_cash_equivalents":2877629,"digital_asset_revenue_ytd":295000,"cash_operating_expenses_q3":514074,"stock_based_compensation_q3":438000,"weighted_avg_shares_basic_q3":109214864,"guaranteed_investment_certificate":2650000}},"namedEntities":{"people":[{"name":"Andrew Cheung","role":"CEO"},{"name":"Brian Stringer","role":"CFO"},{"name":"Sean Peasgood","role":"Investor Relations, Sophic Capital"}],"products":["IronCAP","Quantum AI Wrapper (QAW)","qVAULT","DoMobile Ver.5","qONE ecosystem"],"companies":[{"name":"01 Quantum Inc.","ticker":"ONE","relationship":"filer"},{"name":"Crypto4A","relationship":"technology partnership (HSM vendor)"},{"name":"Carleton University","relationship":"independent technical validator"},{"name":"qLABS","relationship":"partner / development funder / royalty payor"},{"name":"Sophic Capital","relationship":"investor relations firm"}],"dollarAmounts":[{"amount":"$64,410","context":"fiscal Q3 2026 revenue"},{"amount":"$143,957","context":"fiscal Q3 2025 revenue (comparative)"},{"amount":"$1,082,507","context":"fiscal 2026 year-to-date revenue"},{"amount":"$892,044","context":"fiscal Q3 2026 net loss"},{"amount":"$453,429","context":"fiscal Q3 2026 adjusted loss"},{"amount":"$514,074","context":"fiscal Q3 2026 cash operating expenses"},{"amount":"$2,877,629","context":"cash and cash equivalents at July 31, 2026"},{"amount":"$438,000","context":"Q3 stock-based compensation"},{"amount":"$2,650,000","context":"guaranteed investment certificate held at quarter end"}]},"materialImpact":{"score":2,"reasoning":"Routine fiscal Q3 earnings from a TSXV micro-cap with no guidance and no consensus benchmark. Quarterly revenue fell YoY as one-time customer-funded projects concluded and net loss widened, but liquidity is stable and the story is a royalty-model transition -- material to the company, not market-moving."},"tickerRelevance":{"others":[{"ticker":"OONEF","relevance":"OTCQB listing of the same issuer"}],"primary":"ONE"},"globalImportance":12,"audienceRelevance":8,"eventTypeSecondary":["operations_update"],"importanceComponents":{"tickerTier":"micro-cap (TSXV: ONE / OTCQB: OONEF)","eventGravity":"routine quarterly earnings, no guidance, no consensus","sectorWeight":"cybersecurity / post-quantum cryptography niche","issuerAuthored":true,"householdBrandBoost":0,"marketCapAdjustment":"~$3.4M total assets, ~109M weighted shares","retailFavoriteBoost":0}},"event_type":"earnings","event_type_secondary":["operations_update"],"sentiment":"mixed","material_impact_score":2,"narrative":"01 Quantum (TSXV: ONE) reported fiscal Q3 2026 revenue of $64,410, down from $143,957 a year earlier, and a net loss of $892,044 versus $351,411, with the decline tied to the completion of one-time customer-funded development projects.\n\nYear-to-date revenue reached $1,082,507 versus $333,269, and the company ended the quarter with $2,877,629 in cash and cash equivalents against Q3 cash operating expenses of $514,074.\n\nOperationally, the quarter added a Technology Partnership Agreement with HSM vendor Crypto4A, a commercialization agreement with a Canadian global systems integrator, independent Carleton University validation of the Quantum AI Wrapper, and qLABS' launch of qVAULT within the qONE ecosystem.\n\nManagement says the completed projects shift the model to royalties from its Japanese partner and qLABS; with losses widening and roughly $2.9M of liquidity, the royalty ramp is the metric to watch.","key_figures":{"revenue":64410,"revenueYoy":"-55.3% (derived from stated Q3 figures: $64,410 vs $143,957)","customDimensions":{"net_loss_q3":892044,"revenue_ytd":1082507,"net_loss_ytd":1789511,"adjusted_loss_q3":453429,"revenue_prior_year_q3":143957,"net_loss_q3_prior_year":351411,"revenue_ytd_prior_year":333269,"revenue_ytd_yoy_derived":"+224.8%","cash_and_cash_equivalents":2877629,"digital_asset_revenue_ytd":295000,"cash_operating_expenses_q3":514074,"stock_based_compensation_q3":438000,"weighted_avg_shares_basic_q3":109214864,"guaranteed_investment_certificate":2650000}},"named_entities":{"people":[{"name":"Andrew Cheung","role":"CEO"},{"name":"Brian Stringer","role":"CFO"},{"name":"Sean Peasgood","role":"Investor Relations, Sophic Capital"}],"products":["IronCAP","Quantum AI Wrapper (QAW)","qVAULT","DoMobile Ver.5","qONE ecosystem"],"companies":[{"name":"01 Quantum Inc.","ticker":"ONE","relationship":"filer"},{"name":"Crypto4A","relationship":"technology partnership (HSM vendor)"},{"name":"Carleton University","relationship":"independent technical validator"},{"name":"qLABS","relationship":"partner / development funder / royalty payor"},{"name":"Sophic Capital","relationship":"investor relations firm"}],"dollarAmounts":[{"amount":"$64,410","context":"fiscal Q3 2026 revenue"},{"amount":"$143,957","context":"fiscal Q3 2025 revenue (comparative)"},{"amount":"$1,082,507","context":"fiscal 2026 year-to-date revenue"},{"amount":"$892,044","context":"fiscal Q3 2026 net loss"},{"amount":"$453,429","context":"fiscal Q3 2026 adjusted loss"},{"amount":"$514,074","context":"fiscal Q3 2026 cash operating expenses"},{"amount":"$2,877,629","context":"cash and cash equivalents at July 31, 2026"},{"amount":"$438,000","context":"Q3 stock-based compensation"},{"amount":"$2,650,000","context":"guaranteed investment certificate held at quarter end"}]},"model_name":"glm-5.3-flash","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-10T12:04:07.923Z","global_importance":12,"audience_relevance":8,"importance_components":{"tickerTier":"micro-cap (TSXV: ONE / OTCQB: OONEF)","eventGravity":"routine quarterly earnings, no guidance, no consensus","sectorWeight":"cybersecurity / post-quantum cryptography niche","issuerAuthored":true,"householdBrandBoost":0,"marketCapAdjustment":"~$3.4M total assets, ~109M weighted shares","retailFavoriteBoost":0}},"durationMs":72238,"modelName":"glm-5.3-flash"}}