QBTS Secures $819M Cash War Chest for Future R&D: Upside Ahead?

Key Takeaways While D-Wave Quantum's (QBTS) top line is advancing steadily, the real focus of investors is on its balance sheet. D-Wave closed the second quarter with a record $819 million in cash, up more than 1,900% from a year ago and 169% sequentially. More than $500 million was raised during the quarter, primarily from an at-the- market equity offering and warrant exercises, giving the company its strongest liquidity position ever. D-Wave management emphasized that this capital will not only accelerate ...