Quantum Computing shares waver after wider Q4 loss, rev decline

** Quantum Computing Inc's QUBT shares edge up 0.3% to $7.40 on Fri after co's Q4 loss widened and rev decreased

** QUBT shares traded as low as $6.33 and as high as $7.57 on the session

** Hoboken, New Jersey-based photonics and quantum optics tech provider posted loss of $52.1 mln compared to loss of $6.8 mln a year ago, and rev declined 17% to $62,000

** Operating expenses in qtr increased to $8.9 mln from $6.6 mln from comp period last year, primarily due to higher employee compensation and increased cost for production equipment at its chip foundry in Tempe, Arizona

** CEO William McGann said co on track to launch its photonic chip foundry in early 2025, adding it has multiple purchase orders secured

** In Dec, co sold $50 mln of shares at $5 in combined direct offering and private placement to advance its technologies and help build out the Arizona foundry

** QUBT shares up about 10-fold over the past six months, but well off their 52-week intraday high of $27.15 hit on Dec 18