D-Wave Q4 revenue $2.9M (+21% YoY); FY bookings $11.5M (+89%); guides FY24 Adj. EBITDA loss below FY23

D-Wave Quantum Inc.

Q4 revenue $2.9M, up 21% YoY; Q4 bookings $3.1M, up 34% YoY (7th consecutive quarterly growth).
Full-year 2023 revenue $8.8M (+22%); GAAP gross margin Q4 67.7% (up from 56.9%), Non-GAAP 80.2%.
Net loss Q4 $16.0M ($0.10/sh) improved from $18.2M; full-year net loss $82.7M ($0.60) vs $53.7M ($0.45).
Cash balance $41.3M at Dec 31, 2023 (up from $7.1M); $82.1M remaining under ELOC.
Guidance: Q1 2024 bookings at least $4.3M; FY24 Adjusted EBITDA loss less than FY23's $54.3M.

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 1.0

D-Wave Quantum Inc. reported financial results for fourth quarter and full year ended December 31, 2023.

Period: fourth quarter and full year ended December 31, 2023
Result: reported results

Exact text from the filing

On March 28, 2024, D-Wave Quantum Inc. issued a press release announcing its financial results for the fiscal fourth quarter and full year ended December 31, 2023.

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D-Wave Quantum Inc. filing history →

Source: SEC EDGAR

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