$QBTS

D-Wave Quantum dips after mixed Q2 results
Shares of D-Wave Quantum (NYSE:QBTS) dipped about 3% premarket on Thursday after the company's mixed second quarter results.
For the second quarter ended June 30, adjusted net loss per share was $0.08 compared to net loss per share of $0.12 in the second quarter of 2024. However, the figures missed analysts' estimate of -$0.05.
Revenue grew 42% year-over-year to $3.1M, beating estimates.
“During the quarter, we brought to market our sixth-generation quantum computer, signed a memorandum of understanding related to the acquisition of an on-premises system in South Korea, completed physical assembly of the previously announced system at Davidson Technologies, introduced a collection of developer tools to advance quantum AI and machine learning innovation, and ended the quarter with a record $819 million in cash. We’re confident in our ability to continue delivering long-term value for our customers, partners and shareholders," said D-Wave's CEO Alan Baratz.
The company's bookings for the second quarter of fiscal 2025 surged 92% year-over-year to $1.3M.
For the most recent four quarters, D-Wave had more than 100 revenue generating customers, the company noted.
D-Wave Quantum Non-GAAP EPS of -$0.08 misses by $0.03, revenue of $3.1M beats by $0.56M
D-Wave Quantum press release (NYSE:QBTS): Q2 Non-GAAP EPS of -$0.08 misses by $0.03.
Revenue of $3.1M (+42% Y/Y) beats by $0.56M.
Bookings for the second quarter of fiscal 2025 were $1.3 million, an increase of $0.6 million, or 92%, from the fiscal 2024 second quarter Bookings of $0.7 million.
For the most recent four quarters, D-Wave had in excess of 100 revenue generating customers.
Adjusted EBITDA Loss for the second quarter of fiscal 2025 was $20.0 million, an increase of $6.1 million, or 44%, from the fiscal 2024 second quarter Adjusted EBITDA Loss of $13.9 million.