secwatch.observer — SEC 8-K summary
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Issuer:     D-Wave Quantum Inc. (QBTS)
CIK:        0001907982
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001907982-23-000032
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1907982/000190798223000032/0001907982-23-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1907982/000190798223000032/qbts-20231109.htm
  HTML page:      https://secwatch.observer/filing/0001907982-23-000032

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