None
EN
Xanadu Quantum Technologies (NASDAQ: XNDU) Cuts Optical Loss And Boosts Wafer Output As Fault-Tolerance Roadmap Takes Shape
['Ewan Scott']
Foreign Policy Journal
Xanadu Quantum Technologies (NASDAQ: XNDU) posted measurable hardware gains in its second public-company quarter, achieving average edge-coupling loss of 0.085 dB per facet across its photonic chip platform.
Customized fiber and fiber-array work with Corning and wafer-singulation support from DISCO contributed directly to the component-level improvement reported for the quarter.
Fabrication activity increased approximately 75% for thin-film lithium niobate and 50% for silicon nitride, with silicon nitride availability through NY CREATES rising from roughly 100 to 150 wafers per quarter.
Two customers represented approximately 75% of second-quarter revenue and 79% of first-half revenue, reinforcing the limited recurring nature of the current revenue base.
Adjusted EBITDA loss widened to $21.3 million from $13.9 million in the first quarter and $13.4 million in the second quarter of the prior year, while GAAP net loss reached $42.1 million.