TLDR
- QTREX Quantum (NASDAQ:QTEX) shares climbed about 14% Friday following a breakthrough test announcement.
- Independent testing showed the company’s cryogenic interconnect achieved over 100 decibels of channel isolation at 20 millikelvin.
- The results surpassed market-leading flexible cabling by more than 60 decibels with zero crosstalk detected.
- QTREX is finalizing a binding agreement with the unnamed testing partner, with details expected within weeks.
- The company expects more quantum-sector deals before the end of 2026.
QTREX Quantum shares were trading sharply higher Friday morning. The stock climbed as much as 14% in premarket trading, changing hands near $0.88.
The move followed a Thursday announcement detailing independent test results for the company’s cryogenic interconnect technology. An unnamed quantum computing firm ran the tests.
Testing was conducted at 20 millikelvin, an extremely cold operating temperature used in quantum computing systems. The interconnect showed channel isolation exceeding 100 decibels across the 4 to 8 gigahertz qubit band.
That figure beats market-leading flexible cabling by more than 60 decibels. The company said there was zero detectable crosstalk between channels.
What the Testing Showed
QTREX said the interconnect also delivered phase-matched channels, low insertion loss, and stable performance through repeated cooldown cycles and bending. Impedance uniformity was comparable to machined coaxial cable, according to the company.
The technology uses what QTREX calls Additively Manufactured Electronics. It is built as a single monolithic structure rather than assembled from separate parts.
QTREX argues this design solves wiring density and heat problems that have limited quantum processors from scaling past a few hundred qubits. The company says its approach could support systems running up to one million qubits.
CEO Dagi Ben-Noon described the test environment as one of the toughest in computing. He said the customer used its own cryogenic system, instruments, and reference cables for the evaluation.
“We view 60 decibels more isolation than the leading flexible cabling on the market as not an improvement but a different category,” Ben-Noon said.
Finalizing a Commercial Deal
Following the test results, QTREX said it is now finalizing a binding definitive agreement with the testing partner. Full commercial disclosure is expected within weeks.
The company also said it anticipates additional fourth-quarter agreements in the quantum sector. No further details on pricing or deal size were provided.
QTREX is based in Ness Ziona, Israel. It trades on Nasdaq and also has operations tied to defense, aerospace, and space hardware, alongside a legacy medical technology portfolio it is looking to monetize.
Despite Friday’s pop, the broader picture for QTREX remains mixed. TipRanks’ AI analyst tool, Spark, rates the stock Neutral.
That rating points to weak financial performance, with unstable revenue and ongoing cash burn. Technical signals also show a downtrend, with the stock trading below its major moving averages.
The company carries a market cap of roughly $45.72 million. Average trading volume sits at about 2.69 million shares.
No dividend yield is currently offered, and the stock has a negative P/E given the company’s losses. For now, Friday’s rally is tied entirely to the test results and the pending agreement announcement.
