The company expects to report between $355,000 and $380,000 in revenue for the six-month period ending September 30, a drop from the $463,000 recorded during the same window last year. Management cited specific disruptions involving a Middle East client, stating that the customer was unable to fulfill contractual obligations due to ongoing geopolitical events in the region.

Despite the immediate shortfall, Arqit Quantum maintains a positive outlook for its full fiscal year. Projections place annual revenue between $975,000 and $1 million, a substantial increase over the $530,000 posted in the previous fiscal year. Investors reacted sharply to the news, pushing the stock down 14% year-to-date as the market recalibrates expectations for the firm’s international contract execution.