Tecsys posted a profit surprise of roughly 91% versus what analysts expected, and the stock still needed a full day to catch up. In California, the federal government agreed to take an equity stake in a publicly traded quantum computing company as a condition of writing it a $100 million check, the kind of arrangement usually reserved for airlines and banks in a crisis, not R&D grants.
Tecsys Beats Q1 FY2027 Estimates, Raises Full-Year Guidance
Tecsys Inc. (TSX: TCS) reported first-quarter fiscal 2027 revenue of $50.05 million and earnings of $0.21 per diluted share, beating analyst estimates of $47.71 million and $0.11 per share, for results released September 10 after market close. Net profit rose 306% year over year to $3.1 million, and Adjusted EBITDA surged 113% to $6.9 million, a 13.7% margin near the top of the company’s full-year guidance range. CEO Peter Brereton called it one of the strongest quarters in our history, pointing to the second-highest bookings quarter Tecsys has ever recorded.
SaaS and recurring revenue reached 60% of total revenue, up from 58% in fiscal 2026 and 50% in fiscal 2024, and the trailing-twelve-month SaaS net retention rate reached 111%. Tecsys raised its full-year guidance across total revenue, SaaS revenue growth, and Adjusted EBITDA margin following the results. Shares rose roughly 8.6% to $31 in the days following the release. Separately, on September 9, Tecsys announced that Prisma Health, a nonprofit health system serving 1.6 million patients across 19 hospitals in South Carolina, is expanding its use of Tecsys’ Hospital Point of Use technology beyond the warehouse and pharmacy systems it already runs. Management noted that the current quarter’s margin strength, near the top of full-year guidance, may not repeat at the same pace given planned continued investment.
Rigetti Signs $100 Million CHIPS Act Deal, Gives US Government Equity Stake
Rigetti Computing, Inc. (Nasdaq: RGTI) signed a definitive agreement with the U.S. Department of Commerce for $100 million in CHIPS Act funding to accelerate superconducting quantum computing research, with the funding split across three projects: miniaturized readout electronics, expanded cryogenic capacity through a new cryostat architecture, and advanced fabrication capabilities at Rigetti’s Fab-1 facility. As a condition of the award, the Department of Commerce will receive a minority, non-controlling equity stake in Rigetti. CEO Dr. Subodh Kulkarni said we are proud to be selected by the U.S. government to accelerate R&D against the company’s scaling roadmap.
The same day, D-Wave Quantum and Quantinuum each finalized identical $100 million CHIPS Act agreements with the same minority equity-stake structure, bringing the total to $300 million across three quantum computing companies as part of a broader federal program allocating $2 billion across nine quantum companies, with IBM receiving the largest share at $1 billion for a quantum chip foundry in Albany, New York. Shares of all three companies rose in premarket trading, with Rigetti up 7.4% to $16.33. The equity stake dilutes existing Rigetti shareholders even though it is non-controlling, and Rigetti shares remain down more than 31% year to date heading into this announcement.
TCS, RGTI: Forward-Looking FAQ
Not necessarily. Management specifically flagged that the 13.7% Adjusted EBITDA margin, near the top of full-year guidance, reflects a strong quarter that may not repeat at the same rate given planned continued investment.
No. The stake is explicitly structured as minority and non-controlling, so Rigetti’s existing management and board retain operating control, though the stake does dilute existing shareholders and ties the company to R&D milestone and compliance obligations under the agreement.
Sources
- PR Newswire / Tecsys: Prisma Health Extends Tecsys Partnership from Distribution Center to Bedside, September 9, 2026
- Investing.com: Earnings call transcript: Tecsys tops Q1 2026 estimates on SaaS strength, September 11, 2026
- Investing.com: Tecsys Q1 FY27 slides: SaaS growth accelerates, margins expand, September 11, 2026
- Seeking Alpha: Tecsys Inc. (TCS:CA) Q1 2027 Earnings Call Transcript, September 11, 2026
- GlobeNewswire / The Manila Times: Rigetti Signs Definitive Agreement for $100M with U.S. Government to Accelerate R&D for Superconducting Quantum Computing, September 8, 2026
- Yahoo Finance: D-Wave, Rigetti, Quantinuum land $100M each in CHIPS Act funding, September 8, 2026
- TipRanks: Rigetti Wins Major CHIPS Act Quantum Funding Award, September 9, 2026
Editorial Disclosure
This roundup is based entirely on publicly available information including named wire service releases and financial news reporting. Securities discussed include Tecsys Inc. (TSX: TCS) and Rigetti Computing, Inc. (Nasdaq: RGTI). aktiego.com has not received any compensation from any company, IR firm, or third party mentioned. No staff member or principal of aktiego.com holds a position in any security mentioned at the time of publication. Tecsys’ press release date is confirmed as September 10, 2026; management has flagged that the quarter’s margin strength may not repeat at the same pace. Rigetti’s press release is dated September 8, 2026, one day outside the rolling 7-day window, included given the significance of a federal government equity stake in a publicly traded company; the stake dilutes existing shareholders and Rigetti shares remain down more than 31% year to date. Small cap and micro-cap stocks listed on the CSE, TSX, TSXV, and Nasdaq are speculative investments carrying significant risk including potential total loss of capital. Coverage on aktiego.com is provided for informational and educational purposes only. aktiego.com is not a registered investment advisor. Nothing in this article constitutes financial, investment, or professional advice. Readers are encouraged to conduct their own due diligence and consult a qualified financial advisor before making any investment decisions. For more information please see our full DISCLAIMER
