D-Wave Quantum Inc

D-Wave Quantum, Inc. engages in the development and delivery of quantum computing systems, software, and services. It provides customers with access to the company’s quantum computing systems via the cloud in the form of quantum computing as a service (QCaaS) products, and offers professional services such as customer assistance in identifying and implementing quantum-computing applications. The company is headquartered in Burnaby, Canada.

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D-Wave Quantum Inc reports Q1 growth despite revenue challenges

D-Wave Quantum Inc's Q1 2023 performance reflects revenue challenges but strong bookings growth, technological advancements, and strategic initiatives positioning the company for future growth.
While facing revenue recognition complexities and EBITDA losses, D-Wave's focus on innovation, customer-centric approach, and market momentum present opportunities for long-term success.
The company's positive outlook, commercial adoption trends, and engagement in quantum computing solutions underscore its potential for revenue expansion and market leadership.

D-Wave Quantum Inc advances quantum technology, eyes global expansion

D-Wave Quantum Inc demonstrated technological advancements and financial stability in Q3 2024, positioning themselves for growth and innovation
While facing challenges in revenue and integration, the company is leveraging strengths in partnerships, government collaborations, and global expansion
Opportunities lie in quantum optimization pilots, AI collaborations, and increasing customer interest in quantum applications for future revenue growth

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D-Wave Quantum, Inc. engages in the development and delivery of quantum computing systems, software, and services. It provides customers with access to the company’s quantum computing systems via the cloud in the form of quantum computing as a service. It offers professional services such as customer assistance in identifying and implementing quantum-computing applications. The company was founded on January 25, 2022 and is headquartered in Palo Alto, CA.

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The stock price of D-Wave Quantum (NYSE: QBTS), a quantum computing company, is up a whopping 500% in a month. D-Wave specializes in creating quantum computers that leverage quantum annealing technology to address complex optimization challenges.

What's Behind The 500% Rise In QBTS Stock?

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PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing systems, software, and services and the world's first commercial supplier of quantum computers, today announced the successful completion of its second SOC 2® Type 2 audit as of November 25, 2024, maintaining this rigorous compliance and marking its ongoing commitment to customer data security and protection. This milestone follows D-Wave's previous successful SOC 2 Type 2 audit completed in Dece.

D-Wave Maintains SOC 2 Type 2 Compliance, Reinforcing Commitment to Delivering Secure, Enterprise-Grade Quantum Computing Solutions

PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services, and the world's first commercial supplier of quantum computers, announced that CEO Dr. Alan Baratz was interviewed on Yahoo! Finance's “Catalysts” show on Friday, December 13, where he discussed quantum computing's advantages, increasing momentum in the quantum industry, and D-Wave's unique approach and the real-world impact the company.

D-Wave CEO Dr. Alan Baratz Discusses Company's Growing Commercial Quantum Computing Momentum on Yahoo! Finance's “Catalysts”

MIAMI, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Defiance ETFs is thrilled to announce that QTUM - Defiance Quantum Computing ETF has reached a major milestone, surpassing $400 million in assets under management (AUM) — a testament to the growing momentum behind quantum computing. QTUM, up 40%+ YTD as of 12/11/2024, is the first ETF dedicated to quantum computing, giving investors exposure to the companies building the computational backbone of the AI age.

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PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services, and the world's first commercial supplier of quantum computers, today announced that it has successfully completed sales of $175 million in gross proceeds of its common stock pursuant to its previously disclosed $100 million and $75 million “at-the-market” equity offering programs (the “ATM Programs”). The $75 million ATM Program, imple.

D-Wave Announces Successful Completion of $175 Million At-the-Market Equity Offerings

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QBTS stock benefits from an expanding clientele and its growing influence in the quantum computing space.

D-WAVE QUANTUM Surges 470% Year to Date: Is There Still Room to Jump?

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PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services, and the world's first commercial supplier of quantum computers, announced that CEO Dr. Alan Baratz was interviewed on Fox Business' Making Money with Charles Payne yesterday, where he discussed the state of the quantum industry and the real-world impact D-Wave's annealing quantum computing is delivering for businesses. "We currently hav.

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Quantum computing stocks have been soaring lately, with some names doubling or even tripling in value year-to-date. This remarkable surge has been fueled by a mix of industry advancements, significant partnerships, and increased investor interest, positioning quantum computing as one of the most exciting yet speculative tech sub-sectors to watch.

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PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing systems, software, and services and the world's first commercial supplier of quantum computers, today announced it will highlight the transformative power of quantum optimization and its impact on today's businesses at Q2B24 Silicon Valley. Murray Thom, D-Wave vice president of quantum technology evangelism and featured speaker at the event, will discuss the evolution of quantum applications movi.

D-Wave to Showcase Real-World Quantum Computing Applications in Action at Q2B24 Silicon Valley

Quantum computing is causing rumblings in the stock market, as evidenced by the interest in stocks like IonQ Inc. NYSE: IONQ, which have surged 156% year-to-date (YTD). The computer and technology sector pioneer IonQ is widely being accepted as the leader in this segment based on its 102% YoY growing revenues, a $54.5 million deal with the United States Air Force Research Lab (AFRL), and financial backing from industry giants like Amazon.com Inc. NASDAQ: AMZN, Lockheed Martin NYSE: LMT and Samsung Electronics Co. Ltd.

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I believe D-Wave's Leap platform stands out in quantum computing as a service, offering a reliable quantum annealing system actively used by big industry players. The integration of the Advantage2 processor in the Leap platform and the National Quantum Initiative Act reauthorization are two catalysts that could drive a significant increase in the share price. The 41% YoY growth in QCaaS revenue reflects a transition to stable, subscription-based income, with major clients like Lockheed Martin and Mastercard.

Why I'm Doubling Down On D-Wave Quantum During This Pullback

Shares of D-Wave Quantum have surged amid optimism toward the potential of quantum computing technology. 2025 will be a critical year for the company to confirm the viability of its business model. We expect recurring financial losses and negative cash flows to keep the stock volatile with downside risk going forward.

D-Wave Quantum: Recurring Cash Bleed Is The Entanglement Into 2025

PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing systems, software, and services and the world's first commercial supplier of quantum computers, today announced the appointment of Sharon Holt to its board of directors. The appointment comes on the heels of the October 2024 additions of John DiLullo and Rohit Ghai to the D-Wave board, as the company continues to usher in the era of commercial quantum computing. Holt is a seasoned technology exec.

D-Wave Names Sharon Holt to Board of Directors

D-Wave Quantum has experienced significant volatility, driven by the "Trump-Elon trade" hype, but financial struggles persist, warranting a Consensus Hold rating. The Trump-Elon effect has fueled speculative momentum in quantum computing stocks, with D-Wave gaining 64.4% amid political and investor excitement. Despite operational achievements and strategic partnerships, D-Wave's Q3 earnings reveal mounting losses, declining revenue, and significant financial distress.

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D-Wave Quantum Inc. (NYSE:QBTS ) Q3 2024 Earnings Conference Call November 14, 2024 8:00 AM ET Company Participants Alan Baratz - Chief Executive Officer John Markovich - Chief Financial Officer Kevin Hunt - Investor Relations Conference Call Participants Quinn Bolton - Needham & Co. David Williams - Benchmark Richard Shannon - Craig Hallum Craig Ellis - B. Riley Suji Desiva - Roth Capital Robert Aguanno - Piper Sandler Operator Good morning ladies and gentlemen and welcome to the D-Wave Q3 2024 earnings conference call.

D-Wave Quantum (QBTS) Q3 2024 Earnings Call Transcript

D-Wave Quantum Inc. (QBTS) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to loss of $0.12 per share a year ago.

News for D-Wave Quantum Inc Stock (QBTS)