Jim Cramer Fuels D-Wave: What Awaits QBTS After 31% Rally in July?

Core Insights - Investor interest in D-Wave Quantum Inc. (QBTS) surged after Jim Cramer highlighted the company on Mad Money, suggesting it as a strong buy in the quantum computing sector [1][8] - Following the endorsement, QBTS shares rose nearly 14% and have increased 31.4% in July [2][8] Financial Performance - D-Wave Quantum reported a remarkable 509% year-over-year revenue growth in Q1 2025, driven by a $12.6 million sale of its Advantage2 system to Germany's Julich Supercomputing Center [4][8] - The company achieved a GAAP gross margin of 92.5% and recorded its lowest net loss since going public, with a 53% reduction in adjusted EBITDA loss year-over-year [5][8] Capital and Growth Initiatives - In June, D-Wave raised $400 million through an equity offering at a 149% premium, increasing cash reserves to $815 million, which management claims is the strongest balance sheet in the quantum sector [6][8] - This financial strength positions D-Wave for potential acquisitions, research and development, and cloud expansion [6] Earnings Estimates - Earnings estimates for D-Wave Quantum have improved from a loss of $0.25 per share to a loss of $0.19 for 2025 over the past 90 days [10]