D-Wave Announces Fiscal Year 2024 Bookings Will Exceed $23 Million, Up Approximately 120% Over Fiscal Year 2023
D-Wave Quantum announced that its fiscal year 2024 bookings will exceed $23 million, marking an approximate 120% increase from fiscal year 2023. This growth is driven by the first-ever customer purchase of the D-Wave Advantage™ annealing quantum computing system, the world's largest quantum computer with over 5,000 qubits and 15-way connectivity. This sale signifies a major expansion in D-Wave’s revenue model by including on-premise system sales. The company also reported that fiscal 2024 Q4 bookings will reach at least $18 million, a 500% increase compared to the $3 million in Q4 of fiscal 2023. D-Wave ended fiscal year 2024 with a record cash position of approximately $178 million. CEO Dr. Alan Baratz highlighted the rapid adoption of D-Wave’s quantum systems, emphasizing their ability to solve complex computational problems more efficiently.
D-Wave Quantum ha annunciato che le prenotazioni per l'anno fiscale 2024 supereranno i 23 milioni di dollari, segnando un incremento di circa il 120% rispetto all'anno fiscale 2023. Questa crescita è alimentata dal primo acquisto di un cliente del sistema di computazione quantistica D-Wave Advantage™, il più grande computer quantistico al mondo con oltre 5.000 qubit e connettività a 15 vie. Questa vendita rappresenta una significativa espansione nel modello di ricavi di D-Wave, includendo le vendite di sistemi on-premise. L'azienda ha anche riportato che le prenotazioni del quarto trimestre del 2024 raggiungeranno almeno 18 milioni di dollari, un incremento del 500% rispetto ai 3 milioni del quarto trimestre dell'anno fiscale 2023. D-Wave ha concluso l'anno fiscale 2024 con una posizione di liquidità record di circa 178 milioni di dollari. Il CEO Dr. Alan Baratz ha sottolineato la rapida adozione dei sistemi quantistici di D-Wave, evidenziando la loro capacità di risolvere problemi computazionali complessi in modo più efficiente.
D-Wave Quantum anunció que sus reservas para el año fiscal 2024 superarán los 23 millones de dólares, lo que representa un incremento aproximado del 120% con respecto al año fiscal 2023. Este crecimiento es impulsado por la primera compra de un cliente del sistema de computación cuántica D-Wave Advantage™, el ordenador cuántico más grande del mundo, con más de 5,000 qubits y conectividad de 15 vías. Esta venta significa una importante expansión en el modelo de ingresos de D-Wave al incluir ventas de sistemas locales. La compañía también informó que las reservas del cuarto trimestre del 2024 alcanzarán al menos 18 millones de dólares, un aumento del 500% en comparación con los 3 millones del cuarto trimestre del año fiscal 2023. D-Wave terminó el año fiscal 2024 con una posición de efectivo récord de aproximadamente 178 millones de dólares. El CEO Dr. Alan Baratz destacó la rápida adopción de los sistemas cuánticos de D-Wave, enfatizando su capacidad para resolver problemas computacionales complejos de manera más eficiente.
D-Wave Quantum은 2024 회계연도 예약이 2300만 달러를 초과할 것이라고 발표했으며, 이는 2023 회계연도에 비해 약 120% 증가한 수치입니다. 이러한 성장은 세계 최대의 양자 컴퓨터인 D-Wave Advantage™ 어닐링 양자 컴퓨팅 시스템에 대한 최초의 고객 구매에 의해 촉진되고 있으며, 이 시스템은 5000개 이상의 큐비트와 15 방향의 연결성을 자랑합니다. 이 판매는 D-Wave의 수익 모델에 온프레미스 시스템 판매를 포함함으로써 큰 확장을 의미합니다. 회사는 또한 2024 회계연도 4분기 예약이 최소 1800만 달러에 이를 것이며, 이는 2023 회계연도 4분기의 300만 달러에 비해 500% 증가한 수치라고 보고했습니다. D-Wave는 2024 회계연도를 약 1억 7800만 달러의 기록적인 현금 보유로 종료했습니다. CEO Dr. Alan Baratz는 D-Wave의 양자 시스템의 빠른 채택을 강조하며, 이러한 시스템이 복잡한 계산 문제를 더 효율적으로 해결할 수 있는 능력을 강조했습니다.
D-Wave Quantum a annoncé que ses réservations pour l'année fiscale 2024 dépasseront les 23 millions de dollars, marquant une augmentation d'environ 120 % par rapport à l'année fiscale 2023. Cette croissance est soutenue par le tout premier achat d'un client du système de calcul quantique D-Wave Advantage™, le plus grand ordinateur quantique au monde avec plus de 5 000 qubits et une connectivité à 15 voies. Cette vente signifie une expansion majeure du modèle de revenus de D-Wave en incluant des ventes de systèmes locaux. La société a également rapporté que les réservations pour le quatrième trimestre de l'année fiscale 2024 atteindront au moins 18 millions de dollars, soit une augmentation de 500 % par rapport aux 3 millions de dollars du quatrième trimestre de l'année fiscale 2023. D-Wave a terminé l'année fiscale 2024 avec une position de trésorerie record d'environ 178 millions de dollars. Le PDG Dr. Alan Baratz a souligné l'adoption rapide des systèmes quantiques de D-Wave, mettant en avant leur capacité à résoudre des problèmes computationnels complexes de manière plus efficace.
D-Wave Quantum hat bekannt gegeben, dass die Buchungen für das Geschäftsjahr 2024 über 23 Millionen Dollar liegen werden, was einem Anstieg von etwa 120% im Vergleich zum Geschäftsjahr 2023 entspricht. Dieses Wachstum wird durch den allerersten Kauf eines Kunden des D-Wave Advantage™-Quantcomputersystems, dem größten Quantcomputer der Welt mit über 5000 Qubits und einer 15-Wege-Konnektivität, vorangetrieben. Dieser Verkauf signalisiert eine wesentliche Erweiterung des Geschäftsmodells von D-Wave, da nun auch Systemverkäufe vor Ort eingeschlossen werden. Das Unternehmen berichtete auch, dass die Buchungen im vierten Quartal 2024 mindestens 18 Millionen Dollar erreichen werden, was einem Anstieg von 500% im Vergleich zu den 3 Millionen Dollar im vierten Quartal des Geschäftsjahres 2023 entspricht. D-Wave schloss das Geschäftsjahr 2024 mit einer Rekordliquidität von etwa 178 Millionen Dollar ab. CEO Dr. Alan Baratz hob die rasche Akzeptanz der Quantensysteme von D-Wave hervor und betonte ihre Fähigkeit, komplexe Berechnungsprobleme effizienter zu lösen.
- Fiscal year 2024 bookings will exceed $23 million, up 120% from fiscal year 2023.
- First-ever customer purchase of D-Wave Advantage system.
- Fiscal 2024 Q4 bookings will be at least $18 million, a 500% increase over Q4 of fiscal 2023.
- Record cash position of approximately $178 million at the end of fiscal year 2024.
- None.
Insights
The 120% year-over-year bookings growth to
The landmark sale of the first Advantage quantum system marks a important business model evolution. By diversifying revenue streams beyond cloud services to include high-value hardware sales, D-Wave is positioning for stronger margins and recurring maintenance revenue. This hybrid model combining cloud and on-premise solutions mirrors successful enterprise technology companies.
The timing is strategic - as AI computing costs surge, quantum computing's energy efficiency proposition becomes increasingly compelling for enterprise customers. The focus on practical commercial applications rather than just research distinguishes D-Wave in the quantum computing space.
The sale of an Advantage system with 5,000+ qubits and 15-way connectivity is a watershed moment for quantum computing commercialization. While competitors focus on gate-based quantum computers primarily for research, D-Wave's quantum annealing architecture is already solving real business optimization problems.
The on-premise deployment model is particularly significant as it allows deep system integration and parameter tuning - critical capabilities for organizations developing proprietary quantum applications. This level of control was previously unavailable through cloud-only access.
The intersection with AI is noteworthy - as traditional computing hits power consumption limits with large AI models, quantum computing's inherent energy efficiency could provide a sustainable path forward. D-Wave's focus on practical applications positions them uniquely in this emerging quantum-AI convergence.
The unprecedented Q4 momentum signals accelerating market adoption of quantum computing solutions. The 500% quarterly bookings growth suggests crossing the chasm from early adopters to early majority customers - a critical transition for emerging technologies.
The expansion into on-premise systems addresses a important market segment - research institutions and enterprises requiring sovereign quantum computing capabilities for sensitive applications and national security. This positions D-Wave to capture high-priority government and defense spending.
The strong cash position and growing bookings provide clear differentiation from other quantum computing players still primarily in R&D phase. For investors, this demonstrates D-Wave's execution in transforming quantum computing from a research endeavor to a commercial reality generating substantial revenue growth.
First-ever customer purchase of D-Wave Advantage annealing quantum computing system in Q4 contributes to increased bookings and marks significant expansion of the company’s revenue model
Record cash position of approximately
The first customer purchase of a D-Wave Advantage system, the world’s largest quantum computer with more than 5,000 qubits and 15-way connectivity, exemplifies growing adoption of D-Wave’s annealing quantum technology. By purchasing an on-premise system, customers have complete access to all aspects of the Advantage quantum computer, including the ability to modify system parameters and integrate the system in ways previously unavailable to them. The purchase comes amid growing demand for on-premise D-Wave quantum systems from research centers, academic institutions, HPC centers, and leading-edge businesses looking to accelerate competitive differentiation, bolster national security, and explore how quantum computing can address challenges resulting from AI's escalating power consumption. D-Wave’s on-premise infrastructure offering is complementary to its Leap™ quantum cloud service, which we believe will continue to be the approach of choice for many application-focused customers.
In addition to the system sale, the company today disclosed that fiscal 2024 Q4 bookings will be at least
“We believe it is evident that the world is quickly recognizing the near-term usefulness and value of D-Wave’s quantum systems,” said Dr. Alan Baratz, CEO of D-Wave. “With remarkable growth in bookings, our first Advantage system sale and an increasing number of customer applications moving into production, in our view, D-Wave is clearly driving the commercialization of quantum computing. While others remain in the research and development mode, we are delivering incredibly powerful technology and products to customers today, helping them tackle their tough computational problems faster, better and with less energy.”
About D-Wave Quantum Inc.
D-Wave is a leader in the development and delivery of quantum computing systems, software, and services, and is the world’s first commercial supplier of quantum computers—and the only company building both annealing quantum computers and gate-model quantum computers. Our mission is to unlock the power of quantum computing today to benefit business and society. We do this by delivering customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. D-Wave’s technology has been used by some of the world’s most advanced organizations including Mastercard, Deloitte, Davidson Technologies, ArcelorMittal, Siemens Healthineers, Unisys, NEC Corporation, Pattison Food Group Ltd., DENSO, Lockheed Martin, Forschungszentrum Jülich, University of
Forward-Looking Statements
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D-Wave
Alex Daigle
media@dwavesys.com
Source: D-Wave Quantum Inc.
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