D-Wave Q3 revenue $2.6M (+51% YoY), bookings $2.9M (+53%), cash $53.3M record

D-Wave Quantum Inc.

2023-Q3 EPS reported -$0.50 revenue$5,852,000

Revenue $2.6M, up 51% YoY and 50% sequentially; commercial revenue up 62% YoY.
Bookings $2.9M, up 53% YoY; sixth consecutive quarter of YoY bookings growth.
Cash $53.3M (highest ever); raised $94M in debt/equity YTD; $84.4M ELOC capacity remains.
Net loss $15.8M ($0.12/share) vs $13.3M loss in Q3 2022; adjusted EBITDA loss improved to $11.6M from $13.0M.
FY2023 guidance: revenue $10M-$11.5M; adjusted EBITDA loss less than $56M.

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 0.92

D-Wave Quantum Inc. reported fiscal third quarter ended September 30, 2023 results: revenue $2.6 million.

Period: fiscal third quarter ended September 30, 2023
Revenue: $2.6 million
Result: reported results

Exact text from the filing

language in such filing, unless expressly incorporated by specific reference in such filing. --- EX-99.1 (EX-99.1) --- D-Wave Reports Third Quarter Results Revenue of $2.6 Million, up 50% Sequentially from Q2 Commercial Revenue up 62% Year-Over-Year Total Bookings of $2.9 Million $53.3 Million Cash Balance – Highest in Company’s History PALO ALTO, Calif. &

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Source: SEC EDGAR

accession 0001907982-23-000032

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