Quantum X Labs Reports Revenue Decline and Increased Losses for First Half of 2026

Quantum X Labs Inc. (formerly Viewbix Inc.) reported its financial results for the six months ending June 30, 2026, revealing a total revenue of $646,000, a decline from $899,000 in the same period last year. The company's revenue from its search platform, operated by Gix Media, was $626,000, down from $883,000 year-over-year. The decrease in revenue is attributed to changes in internet browser technology that have negatively impacted the distribution of the company's products. Despite this, the company saw an increase in revenue from indirect models, which reached $173,000 compared to none in the previous year.

The company recorded an operating loss of $1,945,000 for the first half of 2026, compared to a loss of $1,078,000 in the same period of 2025. This increase in losses is primarily due to higher research and development expenses, which rose to $185,000 from $36,000, following the consolidation of Quantum Israel's financials after its acquisition in March 2026. General and administrative expenses also increased significantly to $1,515,000 from $755,000, driven by higher professional service costs post-uplisting to the Nasdaq Capital Market.

In terms of strategic developments, Quantum X Labs completed the acquisition of Quantum Israel on March 4, 2026, which is expected to enhance its capabilities in quantum technology. The acquisition involved issuing shares and warrants representing up to 40% of the company’s capital stock, with potential additional shares contingent on achieving specific milestones. The company also reported a gain of $3,831,000 from the deconsolidation of CliniQuantum, a subsidiary from which it lost control following a third-party acquisition of a majority stake.

As of June 30, 2026, Quantum X Labs had total assets of $31,167,000, a significant increase from $10,757,000 at the end of 2025, largely due to the acquisition of Quantum Israel. The company’s cash and cash equivalents stood at $2,435,000, up from $1,018,000 at the end of the previous year. However, the company also reported an accumulated deficit of $44,167,000, raising concerns about its ability to continue as a going concern. Management has implemented cost-cutting measures and is exploring new income sources to address these challenges.

Looking ahead, Quantum X Labs faces uncertainty regarding its ability to secure additional funding and the potential impact of ongoing geopolitical tensions in Israel on its operations. The company is focused on leveraging its acquisitions and partnerships to drive growth in the quantum technology sector while navigating the challenges posed by market conditions and technological changes.