D-Wave Quantum reports Q2 EPS (10c), consensus (9c)

Reports Q2 $2.2M revenue, consensus $2.83M…Bookings for the second quarter of fiscal 2024 were $2.7 M, an increase of $0.2M , or 6% from the fiscal 2023 second quarter Bookings of $2.5M. This represents D-Wave’s ninth consecutive quarter of year-over-year growth in quarterly Bookings. “Our second quarter results show continued traction on all fronts – revenue, bookings, customer acquisition, liquidity and technical advancements,” said Dr. Alan Baratz, CEO of D-Wave. “There is rapidly growing awareness of annealing quantum computing and its ability to deliver business benefits today, and the market is responding. This is further strengthened by our product development activities in hardware or Advantage2 prototype, software , and Quantum Artificial Intelligence. Our momentum as one of the few companies in the world leading the quantum transformation is evident.”