secwatch.observer — SEC 8-K summary
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Issuer:     D-Wave Quantum Inc. (QBTS)
CIK:        0001907982
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0001140361-23-038907
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1907982/000114036123038907/0001140361-23-038907-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1907982/000114036123038907/brhc20057248_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-038907

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