D-Wave Quantum reports Q1 EPS (11c), consensus (9c)

Bookings for the first quarter were $4.5M. Reports Q1 revenue $2.47M, consensus $3.07M. “D-Wave’s first quarter revenue and bookings reflect growing customer demand for quantum and hybrid quantum solutions that can drive measurable impact today,” said Dr. Alan Baratz, CEO of D-Wave. “Coupled with the significant technical milestones we’ve achieved with the Advantage2TM prototype, we believe our progress leading the commercialization of quantum through our products, customer application development and accelerating adoption is evident.”