Quantum Base building 'momentum' with strong revenue figures

Lancaster based Quantum Base Holdings has seen strong progress in the past year according to results.

The quantum science company develops its Q-ID non-replicable authenticity tags which can be applied to products and mitigate counterfeiting.

In its latest trading update, company bosses say it has made strong progress and expects total revenues for the financial year ending 30 April 2026 to be in the range of £455,000 to £595,000, representing a significant increase on the financial year ending 30 April 2025 .

Quantum Base continues to make considerable commercial and operational progress whilst experiencing a few minor delays across customer engagements, meaning that certain contracts initially expected to be signed within FY26 are now anticipated to be entered into in the new financial year starting 1 May 2026.

Following the successful fundraise in December 2025, the company remains well funded with unaudited net cash at 31 March 2026 of £3.4m.

Quantum Base has progressed its discussions to an advanced stage with four potential customers across the security printing, pharmaceuticals and brand protection sectors, reflecting the broad applicability of Q-ID technology and the growing market recognition of Q-ID as a credible, scalable solution.

Tom Taylor, chief executive of Quantum Base, said: "The scale of our revenue growth from FY25 to FY26 reflects the maturing nature of Quantum Base and its offering over the past year.

"We have moved from early-stage commercial engagement into a business with real, growing revenues and a pipeline of opportunities that will drive significant growth.

"The launch of Q-ID Scanner 2.0 is another meaningful step in making our technology faster and easier for our customers.

"Our expanded commercial team is now in place and a number of advanced partnership discussions are underway across security printing, pharmaceuticals and brand protection.

"We are now well positioned to build on this momentum, and I look forward to updating shareholders on these discussions in due course."

The company has made several key hires in sales and marketing to scale its demand generation capabilities and the board believes these additions will strengthen the company's commercial pipeline and support revenue growth.

The firm was founded in 2013 as a spin-out from Lancaster University through which professor Rob Young's discoveries in the field of quantum physics could be commercialised.

Lancashire Business View reported last year about Quantum Base being Lancaster University's first spin-out company to float on London's AIM market earlier this year, raising £4.8m through an Initial Public Offering (IPO).

The university won the Knowledge Exchange/Transfer Initiative of the Year Award in the Times Higher Education Awards 2025.

The winning entry was for “Quantum Base Q-ID: Setting a New Global Standard in Anti-Counterfeiting Technology Through Physics Knowledge Exchange”.

The winning citation from the judges at the time, said: “The success is rooted in a powerful long-term collaboration. Lancaster provided world-class research facilities, business expertise and strategic support, while Quantum Base brought vision, drive and commercial investment.

"Now this innovation is changing lives – protecting medicines, securing global supply chains and helping to combat the £2.8 trillion counterfeiting problem.”