secwatch.observer — SEC 8-K summary
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Issuer:     D-Wave Quantum Inc. (QBTS)
CIK:        0001907982
Form:       8-K
Filed at:   2023-05-19T23:59:59+00:00
Accession:  0001140361-23-025630
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1907982/000114036123025630/0001140361-23-025630-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1907982/000114036123025630/brhc20053147_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-025630

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer