D-Wave Quantum Q4 revenue $2.4M (+41% QoQ); net loss narrows to $12.5M; closes $50M loan

D-Wave Quantum Inc.

2023-Q1 EPS reported -$0.20 revenue$1,583,000

Q4 revenue $2.4M, up 41% sequentially from Q3; commercial customers grew 18% to 67 in FY22.
GAAP net loss $12.5M ($0.10/sh) vs $13.8M ($0.11/sh) year ago; Adj. EBITDA -$14.5M vs -$9.3M.
Closes $50M four-year term loan; enters 2023 with $5.8M firm backlog and prior-year renewals expected.
Non-GAAP gross margin 68.1% (up 4.3pp YoY); GAAP gross margin 55.5% (down 8.3pp YoY).
Operating expenses rose: GAAP $22.4M ($12.4M) and non-GAAP $15.9M ($10.9M) YoY.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

D-Wave Quantum Inc. reported the fiscal fourth quarter and full year ended December 31, 2022 results: revenue $2.4 million.

Period: the fiscal fourth quarter and full year ended December 31, 2022
Revenue: $2.4 million
Result: reported results

Exact text from the filing

toward proving quantum advantage Fourth Quarter Fiscal 2022 Financial Highlights • Revenue : On a sequential quarter-to-quarter basis, fiscal 2022 fourth quarter revenue of $2.4 million increased by $700,000, or 41%, from the immediately preceding fiscal 2022 third quarter revenue of $1.7 million that increased by $326,000, or 24%, from the immediately

View on SEC.gov

168 earnings releases filed in the last 30 days. Browse all earnings releases →

D-Wave Quantum Inc. filing history →

Source: SEC EDGAR

accession 0001140361-23-018370

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.