D-Wave Q1 revenue $1.6M, net loss $24.6M; bookings surge 297% to $2.9M

D-Wave Quantum Inc.

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

Revenue $1.6M, down 7.6% YoY; net loss $24.6M ($0.20/share) vs $11.7M loss a year ago.
Bookings $2.9M up 297% YoY; fifth consecutive sequential quarterly growth.
Commercial revenue increased 30% over trailing four quarters vs prior four quarters.
Non-GAAP adjusted EBITDA -$16.9M vs -$9.8M in prior year quarter.
Published Nature paper proving quantum speedup on 3D spin glasses.

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 0.9

D-Wave Quantum Inc. reported first quarter ended March 31, 2023 results: revenue $1.6 million.

Period: first quarter ended March 31, 2023
Revenue: $1.6 million
Result: reported results

Exact text from the filing

Revenue for the first quarter of fiscal 2023 was $1.6 million

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Source: SEC EDGAR

accession 0001140361-23-025630

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