secwatch.observer — SEC 8-K summary
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Issuer:     D-Wave Quantum Inc. (QBTS)
CIK:        0001907982
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001193125-22-281937
Event type: earnings
Sentiment:  negative
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

D-Wave Q3 revenue $1.7M (+30% YoY); net loss $13.1M, adjusted EBITDA -$12.4M
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- Revenue of $1.7M in Q3 2022, up 30% from $1.3M in Q3 2021.
- Net loss of $13.1M ($0.11 per share) vs $4.2M ($0.03 per share) in Q3 2021.
- Adjusted EBITDA negative $12.4M, up 36% from negative $9.2M in prior year.
- Commercial customers grew 34% YoY to 63 in first nine months of 2022.
- Operating expenses rose 52% to $16.4M, driven by investment in growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1907982/000119312522281937/0001193125-22-281937-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1907982/000119312522281937/d365930d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-281937

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