Shares of D-Wave Quantum Inc. (QBTS) have gained 38.3% over the past four weeks to close the last trading session at $7.58, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $9.58 indicates a potential upside of 26.4%. The average comprises six short-term price targets ranging from a low of $8 to a high of $12, with a standard deviation of $1.43. While the lowest estimate indicate ...

NVIDIA Corporation’s (NVDA) CEO Jensen Huang recently changed his stance on quantum computing from two months ago. What optimism on quantum computing does he exude, and why should investors consider buying D-Wave Quantum Inc. (QBTS) and IonQ, Inc. (IONQ) stocks now? Let’s see – Huang Retracts CES Conference CommentsAt the CES conference in January, Huang stirred a controversy by saying that it may take a minimum of 15 years for quantum computing to be useful, while 20 years is a more realistic time frame. H ...

Core Insights - The article emphasizes investing in high-growth opportunities across various industries while employing a value investing approach that prioritizes robust business models and strategic foresight [1] - The focus is on companies with the potential to significantly influence the global landscape in the coming years [1] - The discounted cash flow (DCF) valuation methodology is primarily used, but the analysis remains adaptable to various valuation techniques [1] - Business model frameworks from institutions like Harvard Business School are leveraged for in-depth analysis, ensuring a comprehensive understanding of a company's intrinsic value and strategic positioning [1] Investment Strategy - The investment strategy is centered on long-term growth potential and risk mitigation [1] - The approach includes a thorough analysis of a company's business model to facilitate informed investment decisions [1] Analyst Background - The analyst holds an MBA from IESE Business School, University of Navarra, and is a chartered financial analyst with the CFA Institute [1]

D-Wave Quantum Inc. (QBTS) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Individual invest ...

In my last analysis of D-Wave Quantum Inc. (NYSE: QBTS ), I issued a Hold rating but was moderately bullish on the individual stock. I estimated 25-35% annual returns through 2030 in bull and base cases, butOliver Rodzianko is an accomplished investment analyst grounded in timeless value principles, specializing in the technology sector with expertise in AI, semiconductors, software, and renewable energy. He focuses on companies with resilient management and lasting competitive advantages, often taking long ...

Quantum computing stocks such as D-Wave Quantum Inc. (QBTS) gained momentum in December after Alphabet Inc. (GOOGL) introduced Willow, the quantum computing chip. However, in January, NVIDIA Corporation’s (NVDA) CEO, Jensen Huang, commented that commercializing quantum computing would likely take at least 15 years, causing D-Wave shares to plummet.But D-Wave shares surged 46.9% on Friday, reaching a year-to-date gain of 20.8%. So, what’s driving the latest rally, and should we consider buying D-Wave stock n ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________ FORM 10-K ________________________ (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ and ____________ Commission file number 001-41468 D-WAVE QUANTUM INC. (Exact name o ...

Financial Data and Key Metrics Changes - Revenue for fiscal year 2024 was $8.8 million, essentially flat compared to fiscal year 2023 revenue of $8.8 million [30] - Bookings for fiscal year 2024 reached a record $23.9 million, an increase of 128% from fiscal year 2023 bookings of $10.5 million [30] - GAAP gross profit for fiscal year 2024 was $5.6 million, a 20% increase from fiscal year 2023 gross profit of $4.6 million [31] - Net loss for fiscal year 2024 was $143.9 million, compared to a net loss of $82.7 million in fiscal year 2023 [32] - Adjusted EBITDA loss for fiscal year 2024 was $56 million, an increase of 3% from the adjusted EBITDA loss of $54.3 million in fiscal year 2023 [33] Business Line Data and Key Metrics Changes - The fourth quarter revenue totaled $2.3 million, a decrease of 21% from the fourth quarter of fiscal year 2023 revenue of $2.9 million [34] - Bookings for the fourth quarter were a record $18.3 million, an increase of over 500% compared to the fourth quarter of fiscal year 2023 bookings of $3 million [34] - Non-GAAP gross profit for the fourth quarter was $1.7 million, a decrease of 28% from the fourth quarter of fiscal year 2023 non-GAAP gross profit of $2.3 million [34] Market Data and Key Metrics Changes - D-Wave had a total of 135 customers in fiscal year 2024, compared to 133 customers in fiscal year 2023 [30] - The customer base included 59 research institution and government customers in 2024, up from 55 in fiscal year 2023 [30] - The number of commercial customers was 76 in fiscal year 2024, down from 78 in fiscal year 2023 [30] Company Strategy and Development Direction - D-Wave aims to be the first pure play quantum company to reach profitability with less cash invested than competitors [10] - The company is focusing on a quantum compute as a service model for the majority of its commercial customers while also pursuing system sales [18] - D-Wave is developing a sixth generation annealing quantum computer, Advantage 2, which is expected to deliver significant performance gains [15] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of the recent demonstration of quantum supremacy as a significant milestone for the quantum industry [57] - The company expects to see increased interest in system sales and believes that the recent achievements will positively impact customer engagement [49] - Management anticipates fiscal year 2025 Q1 revenue to exceed $10 million, driven by the sale of an Advantage annealing quantum computer [39] Other Important Information - D-Wave's cash balance exceeded $300 million, which is believed to be sufficient to reach sustained profitability [10] - The company completed two separate ATM programs in the fourth quarter that brought in a total of $175 million in gross proceeds [25] - D-Wave announced a quantum uplift program to attract organizations dissatisfied with competitors' quantum systems [22] Q&A Session Summary Question: Insights on Advantage 2's impact on existing commercial engagements - Management confirmed that Advantage 2's capabilities will enhance performance for existing customers and attract new ones [44] Question: Future system sales and revenue expectations - Management indicated ongoing discussions with three other institutions for potential system sales, but did not provide specific revenue guidance [50] Question: Impact of recent publications on industry perception - Management noted that the recent achievement has positively influenced both the academic community and commercial entities, despite some resistance [56] Question: Breakdown of revenue recognition from the Jülich system sale - Management clarified that revenue from the Jülich system sale will be recognized in the first quarter following installation and acceptance [105] Question: Future revenue models for system sales - Management stated that future deals will be tailored to customer needs, affecting the structure of revenue recognition [75] Question: Potential for scaling and R&D acceleration - Management expressed interest in accelerating R&D efforts, particularly in scaling quantum systems and exploring gate model opportunities [86]

分组1 - D-Wave Quantum Inc. reported a quarterly loss of $0.37 per share, significantly worse than the Zacks Consensus Estimate of a loss of $0.09, representing an earnings surprise of -311.11% [1] - The company posted revenues of $2.31 million for the quarter ended December 2024, which was 3.27% above the Zacks Consensus Estimate, but down from $2.91 million in the same quarter last year [2] - D-Wave Quantum shares have declined approximately 30.7% since the beginning of the year, contrasting with the S&P 500's decline of -4.8% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is -$0.09 on revenues of $2.66 million, and for the current fiscal year, it is -$0.38 on revenues of $15.42 million [7] - The Zacks Industry Rank for Internet - Software is in the top 31% of over 250 Zacks industries, indicating that the industry outlook can significantly impact stock performance [8]

Financial Performance - Fiscal 2024 Q4 bookings reached at least $18 million, a 500% increase from $3 million in Q4 2023[7] - Total bookings for fiscal year 2024 exceeded $23 million, representing a 120% increase over fiscal year 2023[7] - The company ended fiscal year 2024 with a record cash position of approximately $178 million[7]