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D-Wave Quantum Inc. (QBTS)
:QBTS
Holding QBTS?
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Earnings Data
Report Date
Apr 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.07Last Year’s EPS
-0.07Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 10, 2022
|% Change Since: 226.40%
|Next Earnings Date:Aug 16, 2022
Earnings Call Sentiment|Neutral
The earnings call highlighted significant advancements in quantum computing technology and strategic partnerships, particularly with NTT Docomo and government agencies. However, these positives were offset by a decline in overall revenue and bookings, along with increased net losses. The sentiment is mixed with notable technological progress and strategic gains, but financial challenges remain.Company Guidance
During the D-Wave Q3 2024 earnings call, the company provided several key financial and operational metrics along with strategic insights. D-Wave reported a Q3 revenue of $1.9 million, a decline of 27% from the previous year, attributed to a decrease in professional services revenue, although Quantum Computing as a Service (QCaaS) revenue increased by 41% to $1.6 million due to higher average revenue per customer. Bookings for the quarter amounted to $2.3 million, down 22% year-over-year, with expectations for improved bookings in Q4. The company's non-GAAP gross profit for the quarter was $1.3 million, with a non-GAAP gross margin of 67.2%. Despite a net loss of $22.7 million for the quarter, D-Wave reiterated its fiscal 2024 adjusted EBITDA loss guidance of less than $54.3 million. Additionally, the company highlighted its technological advancements, notably the calibration of a 4,400-qubit Advantage 2 processor, and significant customer engagements, including a quantum optimization pilot with NTT DOCOMO, which demonstrated a 15% reduction in network congestion. D-Wave also emphasized its strategic government collaborations and the expansion of its customer base globally.Advancement in Quantum Computing Technology
D-Wave completed the calibration of a 4,400 qubit Advantage 2 processor, offering performance gains over the existing system, such as double coherence time and a 40% increase in energy scale.
Strategic Commercial Partnerships
D-Wave announced a quantum optimization pilot with NTT Docomo in Japan, which achieved a 15% reduction in network congestion and plans to move the solution into production.
Expansion in Government Sector
D-Wave has been deemed awardable on the U.S. Department of Defense's Tradewinds buying platform and is seeing increasing interest from national security and civilian agencies.
Growth in QCaaS Revenue
QCaaS revenue for the third quarter was $1.6 million, a 41% increase from the previous year, driven by a higher average revenue per customer.
Strategic Board and Leadership Appointments
D-Wave appointed tech industry veterans John DiLullo and Rohit Ghai to its Board of Directors, and Sophie Ames as Chief Human Resources Officer.
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QBTS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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QBTS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $1.78 | $1.87 | +5.06% |
| Aug 08, 2024 | $0.81 | $0.80 | -1.23% |
| May 13, 2024 | $1.30 | $1.37 | +5.38% |
| Mar 28, 2024 | $2.10 | $2.04 | -2.86% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does D-Wave Quantum Inc. (QBTS) report earnings?
D-Wave Quantum Inc. (QBTS) is schdueled to report earning on Apr 11, 2025, TBA Not Confirmed.
What is D-Wave Quantum Inc. (QBTS) earnings time?
D-Wave Quantum Inc. (QBTS) earnings time is at Apr 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is QBTS EPS forecast?
QBTS EPS forecast for the fiscal quarter 2024 (Q4) is -0.07.
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