D-Wave Q2 revenue up 25% to $1.7M; net loss widens to $25.9M

D-Wave Quantum Inc.

2023-Q2 EPS reported -$0.40 revenue$3,290,000

Revenue $1.7m (+25% YoY); bookings $2.5m (+146% YoY).
Net loss $25.9m ($0.20/shr) vs $13.3m ($0.11/shr) year ago; cash >$50m.
GAAP gross margin 41.3% vs 54.8% YoY; non-GAAP gross margin 58.1%.
New customer engagements with Interpublic Group, VINCI Energies, Unisys.
Advantage2 quantum system on track with 1,200-qubit prototype.

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 second quarter ended June 30, 2023 results: revenue $1.8 million.

Period: second quarter ended June 30, 2023
Revenue: $1.8 million
Result: reported results

Exact text from the filing

D-Wave Reports Second Quarter Results Revenue of $1.8 million Total Bookings of $2.5 million Cash Balance in excess of $50 million

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D-Wave Quantum Inc. filing history →

Source: SEC EDGAR

accession 0001140361-23-038907

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