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.

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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.

BURNABY, British Columbia & PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS), a leader in commercial quantum computing systems, software and services, today announced it has regained compliance with the New York Stock Exchange (NYSE), meeting its continued listing standard for minimum share price. On July 3, 2023, the NYSE provided D-Wave with a notification letter of recompliance based on (1) the Company's share price being at least $1.00 on June 30, 2023, and (2) a calcula.

D-Wave Regains Compliance with NYSE Trading Share Price Listing Rule

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BURNABY, British Columbia & PALO ALTO, Calif.--(BUSINESS WIRE)--Recent legislation before Congress is calling for the U.S. government to develop and adopt near-term quantum computing applications that could provide solutions to complex public sector optimization problems, including electrical grid resilience, optimization of ports, global supply chain issues, emergency management and response, infrastructure, and telecommunication networks. D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum.

D-Wave Stands Ready to Execute on the U.S. Government's Shift to Building Near-Term Quantum Computing Applications to Solve Challenging Public Sector Problems

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D-Wave Quantum Inc. is the world's first quantum computing company with a commercial product, potentially on the verge of exponential growth. Quantum annealing, the approach taken by D-Wave, could solve specific optimization problems that would not be accessible with classical computing algorithms. Despite poor financials and high risk, D-Wave has a transformational product with a first-mover advantage and significant potential across various industries.

D-Wave: Quantum Computing Might Be With Us

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BURNABY, British Columbia & PALO ALTO, Calif. & NEW YORK--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing systems, software and services, and Interpublic Group (NYSE: IPG), one of the world's premier global advertising and marketing services companies, today announced a partnership that will see the companies work together on quantum computing applications that fuel innovation in marketing investments and strategy. D-Wave and IPG will collaborate on the research.

D-Wave and Interpublic Group Partner on Quantum-Powered Advertising Optimization

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BURNABY, British Columbia & SURREY, British Columbia--(BUSINESS WIRE)--B.C. Premier David Eby and Jobs, Economic Development, and Innovation Minister Brenda Bailey visited the Burnaby headquarters of D-Wave Quantum Inc. (NYSE: QBTS) today to celebrate the latest breakthroughs in quantum computing and gain a deeper understanding into how the innovative technology can be applied to today's societal and business challenges. D-Wave also announced a new quantum training program with B.C.-based Quant.

B.C. Premier David Eby Celebrates World-Leading B.C. Tech Innovation at D-Wave

D-Wave Quantum Inc. (NYSE:QBTS ) Q1 2023 Earnings Conference Call May 19, 2023 8:00 AM ET Company Participants Kevin Hunt - Investor Relations Alan Baratz - Chief Executive Officer John Markovich - Chief Financial Officer Conference Call Participants David Williams - Benchmark Company Harsh Kumar - Piper Sandler Richard Shannon - Craig-Hallum Capital Group Kevin Garrigan - WestPark Capital Suji Desilva - Roth Capital Partners Quinn Bolton - Needham & Company Operator Hello and welcome to the D-Wave Q1 2023 Earnings Call and Webcast. [Operator Instructions] A question-and-answer session will follow the formal presentation.

D-Wave Quantum Inc. (QBTS) Q1 2023 Earnings Call Transcript

BURNABY, British Columbia & PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc., (NYSE: QBTS) (“D-Wave” or the “Company”) a leader in commercial quantum computing systems, software, and services, today announced financial results for its first quarter ended March 31, 2023. “Our first quarter results reflect our continued measured progress across key business initiatives including commercial customer adoption, production-readiness efforts, product development and scientific advancements,” sa.

D-Wave Reports First Quarter Results

BURNABY, British Columbia & PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing systems, software, and services, and the only quantum computing company building commercial annealing quantum computing systems and developing gate-model quantum computing systems, today announced it will release its financial results for the first quarter ended March 31, 2023 on Friday, May 19 before market open. The press release will be available on the D-Wave Inves.

D-Wave Quantum Inc. Announces Date for First Quarter 2023 Earnings Call

BURNABY, British Columbia & PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing systems, software, and services—and the only provider building both annealing and gate-model quantum computers, today announced that Dr. Alan Baratz, CEO, and John Markovich, CFO, will present at the 18th Annual Needham Technology & Media Conference in New York City on Wednesday, May 17 at 11:00am ET. Investors and interested parties will be able to listen to the i.

D-Wave to Participate in 18th Annual Needham Technology & Media Conference

BURNABY, British Columbia & PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing systems, software, and services, and the only commercial provider building both annealing and gate-model quantum computers, today announced the successful completion of its SOC 2® Type 1 audit as of March 13, 2023, as it looks to rapidly accelerate the commercial adoption of its quantum computing solutions. The SOC 2 audit was conducted by leading compliance assessor A.

D-Wave Successfully Completes SOC 2 Audit

BURNABY, British Columbia & PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing systems, software, and services—and the only provider building both annealing and gate-model quantum computers, today published a peer-reviewed milestone paper showing the performance of its 5,000 qubit Advantage™ quantum computer is significantly faster than classical compute on 3D spin glass optimization problems, an intractable class of optimization problems.

D-Wave Demonstrates First-Ever Coherent Quantum Spin Glass Dynamics on More than 5,000 Qubits

BURNABY, British Columbia & 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 only commercial provider building both annealing and gate-model quantum computers, today announced financial results for its fourth quarter and fiscal year ended December 31, 2022.

D-Wave Reports Fourth Quarter and Year-End 2022 Results

BURNABY, British Columbia & PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing systems, software, and services, and the only quantum computing company building commercial annealing quantum computing systems and developing gate-model quantum computing systems, today announced it will release its financial results for the fourth quarter and fiscal year ended December 31, 2022 on Friday, April 14 before market open.

D-Wave Quantum Inc. Announces Date for Fourth Quarter and Full Year Fiscal 2022 Earnings Call

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BURNABY, British Columbia & PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing systems, software, and services, and the only quantum computing company building commercial annealing quantum computing systems and developing gate-model quantum computing systems, today announced it is moving its earnings date for fourth quarter and fiscal year 2022 results to the week of April 10, 2023.

D-Wave Quantum Inc. Announces Date Change for Fourth Quarter and Full Year Fiscal 2022 Earnings Call

BURNABY, British Columbia & PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave announced it will release its financial results for the fourth quarter and fiscal year 2022 on Thursday, March 30, 2023 before market open.

D-Wave Quantum Inc. Announces Date of Fourth Quarter and Full Year Fiscal 2022 Earnings Call

BURNABY, British Columbia & 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 new and renewed commercial customer engagements along with product updates for its annealing and gate model quantum computing solutions at the company's annual global Qubits 2023 user conference. D-Wave's continued commercial customer momentum and product innovations reflect the accelerating adoption of quantum computing solutions and growing recognition of the technology's ability to unlock business value, today.

D-Wave Announces New Commercial Customer Engagements, Cross-Platform Product Enhancements at Qubits 2023

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BURNABY, British Columbia & PALO ALTO, Calif. & HUNTSVILLE, Ala.--( 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; and Davidson Technologies, Inc., a technology services company that provides innovative engineering, technical and management solutions for the Department of Defense, aerospace and commercial customers, today announced that the companies have entered into a multi-year reseller agreement. The new alliance, which will be highlighted at D-Wave's upcoming annual user conference, Qubits, enables Davidson to resell D-Wave's products and services, including the Leap™ quantum cloud service. In addition, the companies are working together on an initiative to support classified quantum-hybrid applications, an important requirement for national defense programs.

News for D-Wave Quantum Inc Stock (QBTS)