$XNDU

Update: Xanadu Shares Fall After Q1 Loss Widens

(Updates with the latest stock move in the headline and the first paragraph.)Xanadu (XNDU) shares fell over 7% on Friday, a day after the company reported a wider Q1 loss.The company reported Thursday Q1 loss of $0.28 per diluted share, compared with a loss of $0.22 a year earlier.Revenue for the quarter ended March 31 was $2.8 million, up from $0.7 million a year ago.Two analysts surveyed by FactSet expected $1.1 million.Price: $14.00, Change: $-1.14, Percent Change: -7.50%

Earnings Flash (XNDU) Xanadu Quantum Technologies Reports Q1 Revs US$2.8M Vs $0.7M a Year Earlier

Xanadu, EV Group Agree to Develop Wafer Bonding Processes to Scale Photonic Quantum Systems

Xanadu Quantum Technologies (XNDU) and EV Group agreed to a partnership to develop heterogeneous integration and wafer bonding processes to further the scalability of photonic quantum systems, the companies said on Tuesday.Under the partnership, the companies will use EV Group's industrial manufacturing tools to fabricate the specialized chips used in Xanadu's photonic quantum computers, according to a statement.Financial details related to the collaboration were not disclosed.Shares of Xanadu Quantum Technologies were down 4% in Tuesday trading.Price: $13.39, Change: $-0.61, Percent Change: -4.32%

Canaccord Genuity Initiates Coverage on Xanadu Quantum Technologies With Buy Rating, $45 Price Target

Xanadu Quantum Technologies Limited (XNDU) has an average rating of Buy and mean price target of $44, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

Top Midday Gainers

Allbirds (BIRD) said Wednesday it has executed a definitive agreement with an institutional investor for a $50 million convertible financing facility that will enable the company to pivot its business to artificial intelligence compute infrastructure.Shares catapulted more than 625% as intraday trading volume surged to over 232.1 million from a daily average of about 117,000.Canadian Investment Regulatory Organization Trade announced around midday that trading resumed in the shares of Xanadu Quantum Technologies, which is listed on the Nasdaq under ticker symbol XNDU, following a temporary suspension to ensure a fair and orderly market.US-listed shares were up more than 67% as intraday trading volume advanced to over 5.2 million from a daily average of roughly 971,000.Energous (WATT), doing business as Energous Wireless Power Solutions, reported on Wednesday "continued commercial momentum" across its enterprise customer base, including expanding deployments with its two Fortune 10 customers, and a growing proof-of-concept pipeline spanning multiple industries and geographies.Shares rose nearly 35%, with intraday trading volume jumping to more than 1.6 million from a daily average of about 391,000.Price: $18.07, Change: $+15.58, Percent Change: +625.50%