QBTS
DWave Quantum Inc
Q4 2024 Report
D-Wave Quantum Inc (QBTS) Q4 2024 Financial Analysis: Transformative Advances in Quantum Computing...
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Executive Summary
In Q2 2024, DWave Quantum Inc (QBTS) continued to build momentum in the quantum computing industry, reporting revenue of $2.18 million, a 28% increase from the prior year. This marked the company's ninth consecutive quarter of year-over-year growth in bookings, underscoring the strong demand for its innovative quantum solutions in commercial, government, and research sectors. With a cash balance of $40.9 million, DWave is well-positioned to support ongoing product advancements and market outreach efforts.
Key Performance Indicators
Revenue
2.18M
QoQ: -11.44% | YoY:27.89%
Gross Profit
1.39M
63.60% margin
QoQ: -16.34% | YoY:96.88%
Operating Income
-18.84M
QoQ: -7.55% | YoY:9.89%
Net Income
-17.78M
QoQ: -2.69% | YoY:31.35%
EPS
-0.10
QoQ: 9.09% | YoY:50.00%
Revenue Trend
Margin Analysis
Key Insights
- **Revenue:** $2.18 million (YoY +28%, QoQ -11.44%)
- **Gross Profit:** $1.39 million (YoY +96.88%)
- **Net Income:** -$17.78 million (Loss decreased YoY by 31.35%)
- **EPS:** -$0.10 (YoY improvement of 50%)
- **Cash at End of Period:** $40.9 million (up 444% YoY).