Zorio and Cao to host fireside chat at 3:50pm EDT that will be moderated by The Boston Globe's Aaron Pressman Qubits is considered one of the top quantum computing conferences in the world and brings together hundreds of industry experts. The conference showcases "success powered by quantum" through business optimization use cases, progress in quantum-fueled AI technology, and demonstrations of annealing quantum computing performance over classical computing. The event features demos of real-world quantum a ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________ FORM 10-Q ________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 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 n ...

D-Wave Quantum Inc. (NYSE:QBTS) Q1 2024 Earnings Conference Call May 13, 2024 8:00 AM ET Company Participants Kevin Hunt - Investor Relations Alan Baratz - Chief Executive Officer John Markovich - Chief Financial Officer Conference Call Participants Harsh Kumar - Piper Sandler Quinn Bolton - Needham David Williams - Benchmark Richard Shannon - Craig-Hallum Suji Desilva - ROTH MKM Kevin Garrigan - Westpark Capital Craig Ellis - B. Riley Securities Operator Good day, everyone, and welcome to the D-Wave First ...

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 $0.08. This compares to loss of $0.20 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -37.50%. 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 abl ...

Exhibit 99.1 D-Wave Reports First Quarter 2024 Results Q1 Revenue up 56%Year over Year Q1 Bookings up 54% Year over Year Gross Profit up 294% Year over Year PALO ALTO, Calif. – May 13, 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 first fiscal quarter ended March 31, 2024. "D-Wave's first quarter revenue and bookings reflect growing customer demand for quantum and hybrid ...

For the fiscal year ended December 31, 2023 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ For the transition period from _______________ to _______________ Commission file number 001-41468 D-Wave Quantum Inc. (Exact name of registrant as specified in its charter) De ...

D-Wave Quantum Inc. (NYSE:QBTS) Q4 2023 Earnings Conference Call March 28, 2024 8:00 AM ET Company Participants Kevin Hunt - Investor Relations Alan Baratz - Chief Executive Officer John Markovich - Chief Financial Officer Conference Call Participants Suji Desilva - ROTH MKM David Williams - Benchmark Harsh Kumar - Piper Sandler Richard Shannon - Craig-Hallum Quinn Bolton - Needham & Company Kevin Garrigan - WestPark Capital Craig Ellis - B. Riley Securities Operator Good day, everyone, and welcome to the D ...

• Bolstered the executive leadership team and Board of Directors to drive rapid growth and deliver strategic execution with the addition of Lorenzo Martinelli, Chief Revenue Officer, the promotion of Dr. Trevor Lanting to Chief Development Officer, and the addition of Secretary Kirstjen Nielsen, former Secretary of Homeland Security, to the Board of Directors. • Entered into a multi-year strategic collaboration with Zapata AI to advance quantum-enabled machine learning, initially focused on building quantum ...

Part I. Financial Information This part presents D-Wave's unaudited condensed consolidated financial statements, notes, and management's analysis [Item 1. Financial Statements](index=6&type=section&id=Item%201.%20Financial%20Statements) This section presents D-Wave's unaudited condensed consolidated financial statements, including balance sheets, income, equity, cash flows, and detailed notes [Condensed Consolidated Balance Sheets](index=6&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) This section provides a snapshot of D-Wave's financial position, detailing assets, liabilities, and equity at specific points in time | Metric (in thousands of U.S. dollars) | September 30, 2023 | December 31, 2022 | Change | % Change | | :------------------------------------ | :------------------ | :----------------- | :----- | :------- | | Cash | $53,317 | $7,065 | $46,252 | 654.6% | | Total current assets | $58,194 | $13,925 | $44,269 | 317.9% | | Total assets | $70,179 | $26,947 | $43,232 | 160.4% | | Total current liabilities | $43,328 | $15,848 | $27,480 | 173.4% | | Total liabilities | $61,383 | $32,861 | $28,522 | 86.8% | | Total stockholders' (deficit) equity | $8,796 | $(5,914) | $14,710 | -248.7% | [Condensed Consolidated Statements of Operations and Comprehensive Loss](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Loss) This section outlines D-Wave's financial performance over periods, reporting revenue, expenses, and net loss | Metric (in thousands of U.S. dollars) | Three months ended Sep 30, 2023 | Three months ended Sep 30, 2022 | Change | % Change | | :------------------------------------ | :------------------------------ | :------------------------------ | :----- | :------- | | Revenue | $2,562 | $1,695 | $867 | 51.1% | | Total gross profit | $1,529 | $1,041 | $488 | 46.9% | | Total operating expenses | $19,936 | $16,205 | $3,731 | 23.0% | | Loss from operations | $(18,407) | $(15,164) | $(3,243)| 21.4% | | Net loss | $(15,829) | $(13,311) | $(2,518)| 18.9% | | Net loss per share, basic and diluted | $(0.12) | $(0.11) | $(0.01)| 9.1% | | Metric (in thousands of U.S. dollars) | Nine months ended Sep 30, 2023 | Nine months ended Sep 30, 2022 | Change | % Change | | :------------------------------------ | :----------------------------- | :----------------------------- | :----- | :------- | | Revenue | $5,852 | $4,778 | $1,074 | 22.5% | | Total gross profit | $2,655 | $2,920 | $(265) | -9.1% | | Total operating expenses | $66,659 | $41,347 | $25,312| 61.2% | | Loss from operations | $(64,004) | $(38,427) | $(25,577)| 66.6% | | Net loss | $(66,335) | $(38,740) | $(27,595)| 71.2% | | Net loss per share, basic and diluted | $(0.50) | $(0.32) | $(0.18)| 56.3% | [Condensed Consolidated Statements of Stockholders' (Deficit) Equity](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Stockholders%27%20%28Deficit%29%20Equity) This section details changes in D-Wave's equity, including additional paid-in capital and accumulated deficit | Metric (in thousands of U.S. dollars) | September 30, 2023 | December 31, 2022 | Change | | :------------------------------------ | :------------------ | :----------------- | :----- | | Additional paid-in capital | $462,385 | $381,274 | $81,111| | Accumulated deficit | $(443,132) | $(376,797) | $(66,335)| | Total stockholders' (deficit) equity | $8,796 | $(5,914) | $14,710| - For the nine months ended September 30, 2023, the company issued **39,487,104 common shares** under the Purchase Agreement, generating **$61.3 million** in proceeds, and **226,453 shares** under the ESPP for **$0.3 million**. Stock-based compensation added **$17.4 million** to additional paid-in capital[32](index=32&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=12&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) This section reports D-Wave's cash inflows and outflows from operating, investing, and financing activities | Cash Flow Activity (in thousands of U.S. dollars) | Nine months ended Sep 30, 2023 | Nine months ended Sep 30, 2022 | Change | | :------------------------------------------------ | :----------------------------- | :----------------------------- | :----- | | Net cash used in operating activities | $(45,910) | $(34,339) | $(11,571)| | Net cash used in investing activities | $(176) | $(316) | $140 |\ | Net cash provided by financing activities | $92,408 | $38,967 | $53,441|\ | Net increase in cash and cash equivalents | $46,252 | $4,281 | $41,971| - Operating cash outflows increased by **$11.6 million** YoY, primarily due to a higher net loss. Financing activities significantly increased cash, driven by **$61.3 million** from the Lincoln Park Purchase Agreement and **$29.0 million** from the Term Loan in 2023, compared to **$40.0 million** from PIPE investment and **$19.9 million** from Venture Loan in 2022[40](index=40&type=chunk)[177](index=177&type=chunk)[180](index=180&type=chunk)[181](index=181&type=chunk) [Notes to Condensed Consolidated Financial Statements](index=15&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) This section provides detailed explanations of D-Wave's accounting policies and specific financial statement line items [1. Description of business](index=15&type=section&id=1.%20Description%20of%20business) This note describes D-Wave Quantum Inc.'s core business as a commercial quantum computing company - D-Wave Quantum Inc. is a commercial quantum computing company providing professional services and web-based access to its superconducting quantum computer systems (Advantage system) and integrated software environment via its cloud service, Leap™[44](index=44&type=chunk) [2. Basis of Presentation and Summary of Significant Accounting Policies](index=15&type=section&id=2.%20Basis%20of%20Presentation%20and%20Summary%20of%20Significant%20Accounting%20Policies) This note outlines the financial statement basis, significant accounting policies, and going concern considerations - The Company has incurred significant net losses and negative cash flows from operations since inception, with an accumulated deficit of **$443.1 million** as of September 30, 2023. Management has determined that the Company's liquidity condition raises substantial doubt about its ability to continue as a going concern for the next year[51](index=51&type=chunk)[56](index=56&type=chunk) - The Term Loan with PSPIB provides **$50.0 million** in three tranches, with the first two tranches (**$15.0 million** each) already advanced. The third tranche of **$20.0 million** is subject to conditions, including a **$25.0 million** non-dilutive financing and a satisfactory operating budget by December 31, 2023. PSPIB waived minimum revenue covenants for Q2 and Q3 2023[52](index=52&type=chunk)[101](index=101&type=chunk)[102](index=102&type=chunk) - The Purchase Agreement with Lincoln Park allows D-Wave to sell up to **$150 million** of common stock through November 1, 2025. For the nine months ended September 30, 2023, **$61.3 million** was raised. However, sales are subject to a **$1.00** floor price, which the stock has fallen below since October 11, 2023, potentially limiting future liquidity from this source[53](index=53&type=chunk)[172](index=172&type=chunk) Fair Value of Financial Instruments (September 30, 2023) | Description | Level | Amount (in thousands) | | :-------------------------------- | :---- | :-------------------- | | Warrant Liabilities – Public W

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________ For the transition period from ___________ and ____________ Commission file number 001-41468 D-WAVE QUANTUM INC. (Exact name of registrant as specified in its charter) ________________________ (State or other jurisdiction of incorporation or organization) 3033 Beta Avenue, Burnaby, British Columbia, Canada V5G 4M9 FORM 10-Q ________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECT ...