D-WAVE QUANTUM (QBTS) shares have surged 420.3% in the trailing six months compared with the broader Zacks Computer and Technology sector’s return of 3.7% and Internet - Software industry’s appreciation of 14.2%.QBTS has outperformed its peers, which includes International Business Machines (IBM) and Alphabet (GOOGL) . These companies are also making strong efforts in the quantum computing space.In late 2024, IBM launched its most advanced quantum computers, while Google’s Willow quantum chip demonstrated e ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K _____________________________________________________________ CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): January 10, 2025 _____________________________________________________________ D-Wave Quantum Inc. (Exact Name of Registrant as Specified in Its Charter) _____________________________________________________________ Delaware 001-4146 ...

Throughout 2024, certain small-cap gems in the Russell 2000 soared past expectations and gained over 1,000% year-to-date.Using a methodology focused on high-trading-volume tech stocks with “buy” ratings or better, Benzinga identified three winners.Analysts still see room to run — here's why.1. Rigetti Computing: YTD Gain — 1,578%Quantum computing isn't just a buzzword — it's becoming big business. Rigetti Computing Inc RGTI is leading the charge, with its Quantum Cloud Services (QCS) platform and innovative ...

UKRAINE - 2022/02/09: In this photo illustration, D-Wave Systems Inc. logo of a Canadian quantum ... [+] computing company is seen on a smartphone screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesThe 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 chal ...

The quantum computing industry is shaping to be one of the most dynamic investment frontiers, fueled by surging interest from commercial and government sectors. Market forecasts paint a bright future, with the industry expected to expand from $1.16 billion in 2024 to $12.6 billion by 2032, reflecting a remarkable 34.8% annual growth rate.Google’s recent unveiling of its quantum computing chip, “Willow”, has intensified this momentum, marking a significant leap in the field and highlighting quantum computing ...

Revenue and Cost of Revenue - Revenue decreased by $0.7 million (27%) to $1.9 million for Q3 2024 compared to $2.6 million in Q3 2023, driven by a $1.1 million decrease in professional service revenue partially offset by a $0.5 million increase in QCaaS revenue[91] - Revenue increased by $0.7 million (11%) to $6.5 million for the nine months ended September 30, 2024, driven by a $1.7 million increase in QCaaS revenue[100] - Cost of revenue decreased by $0.2 million (20%) to $0.8 million for Q3 2024 compared to $1.0 million in Q3 2023, primarily due to a decrease in non-cash stock-based compensation[92] - Cost of revenue decreased by $0.8 million (24%) to $2.4 million for the nine months ended September 30, 2024, primarily due to reductions in non-cash stock-based compensation and personnel costs[101] Net Loss and Accumulated Deficit - Net loss increased by $6.6 million (41%) to $22.7 million for Q3 2024 compared to $16.1 million in Q3 2023[90] - The company had an accumulated deficit of $540.9 million as of September 30, 2024, with net cash outflows from operating activities of $44.7 million for the nine months ended September 30, 2024[111] Research and Development Expenses - Research and development expenses decreased by $0.8 million (8%) to $8.7 million for Q3 2024 compared to $9.5 million in Q3 2023, driven by decreases in stock-based compensation and fabrication costs[93] - Research and development expenses decreased by $4.4 million (15%) to $25.5 million for the nine months ended September 30, 2024, driven by lower stock-based compensation and personnel costs[102] General and Administrative Expenses - General and administrative expenses increased by $1.3 million (16%) to $9.3 million for Q3 2024 compared to $8.0 million in Q3 2023, primarily due to increases in professional services and credit losses[94] - General and administrative expenses decreased by $4.6 million (16%) to $24.3 million for the nine months ended September 30, 2024, primarily due to reductions in professional fees and stock-based compensation[103] Sales and Marketing Expenses - Sales and marketing expenses increased by $1.3 million (52%) to $3.8 million for Q3 2024 compared to $2.5 million in Q3 2023, driven by increases in personnel costs and stock-based compensation[95] - Sales and marketing expenses increased by $3.4 million (43%) to $11.2 million for the nine months ended September 30, 2024, driven by higher personnel costs and stock-based compensation[104] Interest Expense and Term Loan - Interest expense increased by $0.1 million (14%) to $1.2 million for Q3 2024 compared to $1.0 million in Q3 2023, primarily due to the Term Loan[96] - Interest expense increased by $1.7 million (91%) to $3.5 million for the nine months ended September 30, 2024, primarily due to the Term Loan[105] - The fair value of the Term Loan increased by $1.6 million for Q3 2024 compared to a decrease of $1.7 million in Q3 2023[97] - The fair value of the Term Loan increased by $0.6 million for the nine months ended September 30, 2024, compared to a decrease of $1.4 million in the same period in 2023[106] - Term Loan debt issuance costs decreased by $0.7 million for Q3 2024 compared to Q3 2023, as there were no advances on the Term Loan during Q3 2024[98] Other Income and Expenses - Gain on investment in marketable equity securities increased by $1.5 million for the nine months ended September 30, 2024, due to an acquisition of an investee[108] - Other income (expense), net increased by $1.8 million (5365%) to $1.8 million for the nine months ended September 30, 2024, driven by foreign exchange gains and higher interest income[110] Cash Flow and Liquidity - Net cash used in operating activities for the nine months ended September 30, 2024 was $44.7 million, a decrease of $1.3 million from $45.9 million in 2023[115] - Net cash used in investing activities for the nine months ended September 30, 2024 was $2.2 million, an increase of $2.0 million from $0.2 million in 2023[116] - Net cash provided by financing activities for the nine months ended September 30, 2024 was $34.9 million, a decrease of $57.5 million from $92.4 million in 2023[118] - Proceeds from the issuance of common stock pursuant to the ATM Agreement were $20.7 million for the nine months ended September 30, 2024[118] - The company's liquidity condition raises substantial doubt about its ability to continue as a going concern for one year from the issuance of the financial statements[113] - The decrease in noncash items was primarily due to a $5.6 million decrease in stock-based compensation and a $3.1 million decrease in non-cash interest expense[115] - The increase in cash used in investing activities was primarily due to a $1.0 million purchase of convertible notes and a $1.0 million increase in property and equipment purchases[116] - The decrease in cash provided by financing activities was primarily due to a $29.2 million decrease in proceeds from the issuance of common stock and a $29.0 million decrease in debt financing proceeds[118] - The company may need to obtain additional capital through debt or equity issuance if sufficient capital is not obtained from existing agreements[113] - The company's operating cash flows are significantly affected by research and development, sales and marketing, and general and administrative activities[115] QCaaS Revenue Expectations - The company expects QCaaS revenue as a percentage of total revenue to increase due to more QCaaS agreements driven by professional services engagements and direct Leap cloud service access[84]

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 co ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -10%. A quarter ago, it was expected that this company would post a loss of $0.10 per share when it actually produced a loss of $0.10, delivering no surprise.Over the last four quarters, the company has not been able t ...

Exhibit 99.1 D-Wave Reports Third Quarter 2024 Results Q3 QCaaS Revenue up 41% Year over Year Fiscal YTD Revenue up 11% Year over Year Fiscal YTD GAAP Gross Profit up 54% Year over Year PALO ALTO, Calif. – November 14, 2024 – 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 third fiscal quarter ended September 30, 2024. "Annealing quantum computing is continuing to drive the comme ...

This is my third article on D-Wave (NYSE: QBTS ); in the past, I have been put off investing because of a lack of evidence regarding commercial traction and clarity regarding the business model. The use case of D-Wave quantum annealing computersI look at small to mid-cap companies with disruptive technology. I provide competitive analysis of companies and often research the founders and their previous endeavors. I follow, investigate and report on companies that I believe have growth potential and highlight ...