D-Wave Q1 revenue $2.5M (+56% YoY), bookings $4.5M (+54%); net loss narrows to $17.3M

D-Wave Quantum Inc.

2024-Q1 EPS reported -$0.11 revenue$2,465,000

Revenue $2.5M vs $1.6M YoY; bookings $4.5M, eighth consecutive YoY quarterly growth.
GAAP gross margin 67.3% vs 26.6% YoY; non-GAAP gross margin 76.6%.
Net loss $17.3M ($0.11/share) vs $24.4M ($0.20) YoY; Adjusted EBITDA loss $12.9M.
Cash $27.3M at quarter end, $33M as of May 10; $82.1M available under ELOC.
Renewed multiyear partnership with USC to host Advantage quantum system at USC Viterbi.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

D-Wave Quantum Inc. reported the fiscal first quarter ended March 31, 2024 results: revenue $2.5 million, net income Net loss for the first quarter of fiscal 2024 was $17.3 million, or $0.11 per share, EPS $0.11 per share.

Period: the fiscal first quarter ended March 31, 2024
Revenue: $2.5 million
Net income: Net loss for the first quarter of fiscal 2024 was $17.3 million, or $0.11 per share
EPS: $0.11 per share
Result: reported results

Exact text from the filing

with the Introduction of Fast Anneal, doc #lcUS52073224, April 2024 First Quarter Fiscal 2024 Financial Highlights • Revenue : Revenue for the first quarter of fiscal 2024 was $2.5 million, an increase of $0.9 million, or 56%, from the fiscal 2023 first quarter revenue of $1.6 million. • Bookings 1 : Bookings for the first quarter of fiscal 2024 were $4.5 million,

View on SEC.gov

1047 earnings releases filed in the last 30 days. Browse all earnings releases →

D-Wave Quantum Inc. filing history →

Source: SEC EDGAR

accession 0001907982-24-000059

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.