Arqit Quantum Inc. Q4 FY2021 earnings call

• Acknowledged employees, Centricus Acquisition Corp., and public shareholders for their roles in bringing the product to market.
• Fiscal 2021 was transformational with commercial launch of QuantumCloud and signing of customer contracts across defense, telecoms, financial services, and IoT.
• Highlighted weaknesses of mainstream legacy PKI and introduced Arqit's quantum encryption solution as a superior alternative.
• Outlined go-to-market strategy with three key elements: channel partnerships with global telecoms, private instances for government/defense customers, and platform-as-a-service for QuantumCloud.

Revenues for fiscal year 2021 were not material. As of the fiscal year end, the company had an adjusted net loss of $15.6 million and finished the fiscal year with cash on hand of $87 million. There is no detailed breakdown of revenue contribution by product segments as revenues were not significant for the year.

• Fiscal 2022 expects continuation of trends in quantum encryption need due to PKI weaknesses and quantum computer development.
• Anticipates announcing further contracts in the coming weeks.
• Plans to refine product capability through subsequent releases of QuantumCloud in 2022.
• Observes compressed sales cycle and growing contract opportunities across target markets.