D-Wave Quantum reports Q3 EPS (11c), consensus (8c)

Reports Q3 revenue $1.9M, consensus $2.58M. Bookings for the third quarter of fiscal 2024 were $2.3 million, a decrease of $0.6 million, or 22% from the fiscal 2023 third quarter Bookings of $2.9 million. Net loss per share for the third quarter of fiscal 2024 was $0.11 per share, a decrease of 0.01 from the fiscal 2023 third quarter net loss of $0.12 per share. “Annealing quantum computing is continuing to drive the commercial adoption of quantum technology,” said Dr. Alan Baratz, CEO of D-Wave. “Organizations around the world – from Vinci Energies in Europe to NTT DOCOMO in Japan – are recognizing the value our technology can bring right now in fueling new discoveries, facilitating operational excellence and driving measurable outcomes.”