Horizon Quantum $HQ reported Q3 net income of $33.4M ($0.61/share). Don't celebrate yet. That profit came almost entirely from a $43.1M non-cash gain on warran

Horizon Quantum $HQ reported Q3 net income of $33.4M ($0.61/share). Don't celebrate yet. That profit came almost entirely from a $43.1M non-cash gain on warrant liabilities, which fell in value as the share price dropped. The company is pre-revenue, its operating loss widened to $10.5M from $4.9M, …