D-Wave Quantum Inc

D-Wave Quantum, Inc. engages in the development and delivery of quantum computing systems, software, and services. It provides customers with access to the company’s quantum computing systems via the cloud in the form of quantum computing as a service (QCaaS) products, and offers professional services such as customer assistance in identifying and implementing quantum-computing applications. The company is headquartered in Burnaby, Canada.

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

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Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

D-Wave Quantum Inc reports Q1 growth despite revenue challenges

D-Wave Quantum Inc's Q1 2023 performance reflects revenue challenges but strong bookings growth, technological advancements, and strategic initiatives positioning the company for future growth.
While facing revenue recognition complexities and EBITDA losses, D-Wave's focus on innovation, customer-centric approach, and market momentum present opportunities for long-term success.
The company's positive outlook, commercial adoption trends, and engagement in quantum computing solutions underscore its potential for revenue expansion and market leadership.

D-Wave Quantum Inc advances quantum technology, eyes global expansion

D-Wave Quantum Inc demonstrated technological advancements and financial stability in Q3 2024, positioning themselves for growth and innovation
While facing challenges in revenue and integration, the company is leveraging strengths in partnerships, government collaborations, and global expansion
Opportunities lie in quantum optimization pilots, AI collaborations, and increasing customer interest in quantum applications for future revenue growth

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D-Wave Quantum, Inc. engages in the development and delivery of quantum computing systems, software, and services. It provides customers with access to the company’s quantum computing systems via the cloud in the form of quantum computing as a service. It offers professional services such as customer assistance in identifying and implementing quantum-computing applications. The company was founded on January 25, 2022 and is headquartered in Palo Alto, CA.

D-Wave Quantum has experienced significant volatility, driven by the "Trump-Elon trade" hype, but financial struggles persist, warranting a Consensus Hold rating. The Trump-Elon effect has fueled speculative momentum in quantum computing stocks, with D-Wave gaining 64.4% amid political and investor excitement. Despite operational achievements and strategic partnerships, D-Wave's Q3 earnings reveal mounting losses, declining revenue, and significant financial distress.

The Trump-Musk Effect: Can D-Wave Quantum Sustain Its Meteoric Rise Amid Financial Turmoil?

D-Wave Quantum Inc. (NYSE:QBTS ) Q3 2024 Earnings Conference Call November 14, 2024 8:00 AM ET Company Participants Alan Baratz - Chief Executive Officer John Markovich - Chief Financial Officer Kevin Hunt - Investor Relations Conference Call Participants Quinn Bolton - Needham & Co. David Williams - Benchmark Richard Shannon - Craig Hallum Craig Ellis - B. Riley Suji Desiva - Roth Capital Robert Aguanno - Piper Sandler Operator Good morning ladies and gentlemen and welcome to the D-Wave Q3 2024 earnings conference call.

D-Wave Quantum (QBTS) Q3 2024 Earnings Call Transcript

D-Wave Quantum Inc. (QBTS) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to loss of $0.12 per share a year ago.

D-Wave Quantum Inc. (QBTS) Reports Q3 Loss, Lags Revenue Estimates

PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc., (NYSE: QBTS) (“D-Wave” or the “Company”) a leader in commercial quantum computing systems, software, and services, today announced financial results for its third fiscal quarter ended September 30, 2024. “Annealing quantum computing is continuing to drive the commercial adoption of quantum technology,” said Dr. Alan Baratz, CEO of D-Wave. “Organizations around the world – from Vinci Energies in Europe to NTT DOCOMO in Japan – are recogniz.

D-Wave Reports Third Quarter 2024 Results

PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE:QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services and the world's first commercial supplier of quantum computers, announced that it is participating in today's Quantum Technologies Forum hosted by the University of Southern California (USC). D-Wave will present the latest advancements in its annealing quantum computing technology and highlight real-world use cases from both commercial and research custom.

D-Wave to Showcase Annealing Quantum Computing's Real-World Impact at University of Southern California's Quantum Technologies Forum

PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services and the world's first commercial supplier of quantum computers, today announced that it has completed the calibration and benchmarking of a 4,400+ qubit Advantage2™ processor. This milestone marks a significant step forward in D-Wave's ongoing development of its sixth-generation annealing quantum computing system. The latest Advantage2 p.

D-Wave Achieves Significant Milestone with Calibration of 4,400+ Qubit Advantage2 Processor

PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D‑Wave”), a leader in commercial quantum computing systems, software and services, today announced it has regained compliance with the New York Stock Exchange (“NYSE”) continued listing standard for minimum share price under Section 802.01C of the NYSE Listed Company Manual. On November 1, 2024, the NYSE provided D-Wave with a notification letter of recompliance based on a calculation of the Company's average closing share p.

D-Wave Regains Compliance with NYSE Continued Listing Standards

PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, today announced it will release its financial results for the third quarter of fiscal year 2024 ended September 30, 2024 on Thursday, November 14 before market open. The press release will be available on the D-Wave Investor Relations website: https://ir.dwavesys.com/. In conjunction with this announcement, D-Wave will host a conference call on Thursday.

D-Wave Quantum to Report Third Quarter 2024 Financial Results on November 14, 2024

PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE:QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services and the world's first commercial supplier of quantum computers, today announced it has achieved “Awardable” status through the Chief Digital and Artificial Intelligence Office's (CDAO) Tradewinds Solutions Marketplace. The Tradewinds Solutions Marketplace is the premier offering of the Department of Defense's (DoD's) suite of tools and se.

D-Wave Deemed “Awardable” Vendor for US Department of Defense Chief Digital and Artificial Intelligence Office's Tradewinds Solutions Marketplace

PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing systems, software, and services and the world's first commercial supplier of quantum computers, today announced the appointments of veteran technology industry leaders, John DiLullo and Rohit Ghai, to its board of directors. The new board members join at a key time for the company, as it executes an aggressive go-to-market strategy designed to rapidly accelerate the adoption of its annealing quan.

D-Wave Announces Appointment of Two New Board Members

Recent developments show D-Wave's quantum annealing technology is gaining commercial traction, solving complex problems beyond classical computers' capabilities, making it significantly undervalued. The Company's quantum annealer has proven quantum supremacy and commercial viability, with increasing use cases in industries like telecommunications and AI model training. Despite financial challenges and the need for substantial capital, QBTS's first-mover advantage and reliable management team justify a Strong Buy rating.

D-Wave: Buying Before Earnings

IonQ

Rigetti Computing

Quantum computing is a revolutionary, next-generation technology used to solve complex equations. Stock Strategist Andrew Rocco explains that though its in its early stages, quantum computing is likely to disrupt several industries.

The Quantum Computing Revolution is Here: 3 Top Stocks to Watch

PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services and the world's first commercial supplier of quantum computers, today announced its upcoming participation in the 2024 INFORMS Annual Meeting, Oct. 20-23, in Seattle, Washington. Aligned with the event's theme, "Smarter Decisions for a Better World," D-Wave will be a featured speaker in the event's Technology Showcase, host an exhibitor.

D-Wave Brings Quantum Optimization to 2024 INFORMS Annual Meeting

PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services and the world's first commercial supplier of quantum computers, today announced that it received notice from the New York Stock Exchange (the “NYSE”) on October 2, 2024 that it is not in compliance with Section 802.01C of the NYSE Listed Company Manual because, as of October 2, 2024, the average closing price of the Company's common stoc.

D-Wave Receives Notice of Non-Compliance with NYSE Trading Share Price Listing Rule

PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services and the world's first commercial supplier of quantum computers, today announced the introduction of service-level agreements (SLAs) specifically tailored for Leap™ quantum cloud service customers who are transitioning applications into production. By establishing formal SLAs, D-Wave stands behind the high levels of availability, reliabil.

D-Wave Introduces Service-Level Agreements for Leap Quantum Cloud Customers in Production

PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services and the world's first commercial supplier of quantum computers, today announced that CEO Dr. Alan Baratz will participate in one of the closing mainstage keynotes of the Yotta 2024 conference on October 9, 2024 in Las Vegas, Nevada. As the first-ever event that covers the entire digital infrastructure ecosystem, Yotta 2024 brings togethe.

D-Wave CEO Dr. Alan Baratz to Deliver Mainstage Keynote at Yotta 2024

PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services and the world's first commercial supplier of quantum computers, and the pharmaceutical division of Japan Tobacco Inc. (“JT”) today announced plans to collaborate on a joint proof-of-concept project that will leverage quantum computing technology and artificial intelligence (“AI”) in the drug discovery process, i.e., “Quantum AI-driven Dr.

Japan Tobacco Inc. and D-Wave Announce Collaboration Aimed at Accelerating Innovative Drug Discovery with Quantum AI

PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services and the world's first commercial supplier of quantum computers, today announced it is expanding its executive team with the appointment of Sophie Ames as chief human resources officer. At D-Wave, Ames will lead the global human capital innovation strategy essential to the Company's next phase of growth and will focus on building strong c.

D-Wave Expands Executive Leadership Bench with New Chief Human Resources Officer

PALO ALTO, Calif. & CALGARY, Alberta--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services and the world's first commercial supplier of quantum computers, and Staque, a leading consulting and development practice in AI, blockchain and quantum computing, announced a new strategic partnership aimed at accelerating the commercial adoption of annealing quantum computing across the Middle East. The partnership wa.

D-Wave and Staque Announce Strategic Partnership to Accelerate Annealing Quantum Computing Adoption Across the Middle East

PALO ALTO, Calif. & DUBAI, United Arab Emirates--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services and the world's first commercial supplier of quantum computers, today announced that it is hosting the first-ever Qubits UAE 2024 quantum computing event in Dubai. Co-organized by D-Wave and Staque, a leading consulting and development practice in AI, blockchain and quantum computing, Qubits UAE will take pl.

D-Wave Announces First-Ever Qubits UAE 2024

PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services and the world's first commercial supplier of quantum computers, today announced its participation in Info-Tech Research Group's annual flagship conference, Info-Tech LIVE, on September 17, 2024 in Las Vegas, Nevada. Aligned with the conference theme “Exponential IT in Motion,” Alexander Condello, D-Wave's director of algorithms, tools, a.

D-Wave to Showcase the Impact of Quantum-Powered Optimization at Info-Tech LIVE

PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services and the world's first commercial supplier of quantum computers, announced its participation at Quantum World Congress, to be held Sept. 9-11 at Capital One Hall in Tysons, Virginia. Aligned with the event's mission to propel the acceleration and commercialization of quantum technologies, D-Wave leaders will bring unique perspectives from.

D-Wave to Participate in Quantum World Congress 2024

PALO ALTO, Calif. & TOKYO--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services and the world's first commercial supplier of quantum computers, and NTT DOCOMO Inc., Japan's largest mobile phone operator with over 90 million subscriptions, today announced a quantum optimization pilot that resulted in demonstrable mobile network performance improvements. Using D-Wave's annealing quantum computing solutions, DO.

NTT DOCOMO and D-Wave Improve Mobile Network Performance by 15% With Quantum Optimization Technology

LOS ANGELES, Aug. 12, 2024 (GLOBE NEWSWIRE) -- via IBN -- D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services, and the world's first commercial supplier of quantum computers, today announced that it has been featured in a broadcast via NetworkNewsAudio (“NNA”), which delivers additional visibility, recognition and brand awareness to the investment community via distribution to thousands of syndication points. The audio news release covers D-Wave's announcement that it is extending its product development roadmap with enhancements to its Leap™ quantum cloud service.

D-Wave Quantum Inc. (NYSE: QBTS) Featured in Syndicated Broadcast Highlighting Extended Product Roadmap, Enhancements to Quantum Cloud Service

D-Wave Quantum Inc. (NYSE:QBTS ) Q2 2024 Earnings Call August 8, 2024 8:00 AM ET Company Participants Kevin Hunt - Investor Relations Alan Baratz - Chief Executive Officer John Markovich - Chief Financial Officer Conference Call Participants Craig Ellis - B. Riley Securities Quinn Bolton - Needham Richard Shannon - Craig-Hallum David Williams - Benchmark Suji Desilva - ROTH Capital Harsh Kumar - Piper Sandler Operator Good morning, ladies and gentlemen and welcome to the D-Wave Second Quarter 2024 Earnings Call.

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