D-Wave Quantum Inc. - QBTS STOCK NEWS

D-Wave Quantum Inc. (NYSE: QBTS) recently released findings indicating a significant increase in commitment to quantum computing (QC) among businesses. Over 80% of organizations surveyed plan to enhance their QC investments in the next two to three years, with one-third estimating annual budgets exceeding $15M USD. Key drivers for this growing interest include enhanced business efficiency and revenue generation across diverse applications, notably in machine learning and finance. The insights are based on a study of 300 early adopters conducted by Hyperion Research.

D-Wave Quantum Inc. (NYSE: QBTS) will host the Qubits Conference from January 17-19, 2023 in Miami, focusing on practical applications of quantum technology for business solutions. This annual event connects industry leaders and innovators, highlighting advancements in quantum computing that can impact enterprises today. Attendees will engage in demos, discussions, and workshops aimed at facilitating quantum adoption. D-Wave emphasizes the growing shift of quantum computing from experimental to practical use in solving complex business challenges.

D-Wave Quantum Inc. (QBTS) reported a 30% year-over-year increase in Q3 revenue, totaling $1.7 million. The company expanded its customer base by 34% in the first nine months, reaching 63 commercial customers. Despite revenue growth, the net loss widened to $13.1 million, or $0.11 per share, compared to $4.2 million last year. Operating expenses rose by 52% to $16.4 million. For FY 2022, D-Wave maintains revenue guidance of $7.0 million to $9.0 million but expects adjusted EBITDA to be below negative $49 million.

D-Wave Quantum Inc. has announced updates to its constrained quadratic model (CQM) hybrid solver within the Leap quantum cloud service. The enhancements enable the solver to tackle optimization problems involving up to one million variables and 100,000 constraints. Key improvements include support for weighted constraints and new presolve techniques that optimize problem formulation. These upgrades allow businesses to more effectively leverage quantum computing for applications across various sectors, including logistics, manufacturing, and financial services.

D-Wave Quantum Inc. (NYSE: QBTS) will release its Q3 financial results for the period ending September 30, 2022, on November 10, 2022, prior to market open. A conference call is scheduled for the same day at 8:00 a.m. ET, featuring CEO Dr. Alan Baratz and CFO John M. Markovich. This event will provide insights into the company's financial performance and future outlook. D-Wave is recognized as a leader in quantum computing, delivering both quantum systems and software.

D-Wave Quantum Inc. (NYSE: QBTS) has launched its offerings on AWS Marketplace, marking the first time AWS customers can access D-Wave's Leap quantum cloud service. This strategic move aligns with rising interest in quantum technology, as reported by Hyperion Research, which indicates that 70% of companies have initiated in-house quantum programs. D-Wave's offerings include services like Quantum Proof of Concept and Quantum Consulting Services, which aim to help businesses adopt quantum solutions for complex challenges.

D-Wave Quantum Inc. (NYSE: QBTS) has published a groundbreaking study in Nature Physics, demonstrating the first large-scale coherent quantum annealing using a 2000-qubit processor. This research showcases the processor's capability in simulating complex quantum dynamics, revealing high levels of control over quantum simulations. Experts from D-Wave, the University of Southern California, and other institutions collaborated on this significant advancement, which is expected to facilitate practical quantum simulations beyond current capabilities.

D-Wave Quantum Inc. (NYSE: QBTS) announced its second-quarter 2022 results, reporting a revenue increase of 21% to $1,371,000 compared to Q2 2021. The gross profit rose by 14% to $785,000, despite operating expenses growing by 27% to $12,770,000. The net loss was $13,198,000, worsening from $4,668,000 in Q2 2021. D-Wave also expanded its commercial client base by 44%, totaling 56 commercial customers. The company launched its Advantage2™ prototype, emphasizing its commitment to advance quantum computing technology. Revenue guidance for fiscal 2022 is projected between $7.0 million to $9.0 million.

D-Wave Quantum (NYSE: QBTS) has launched a broadcast titled, “Investing in Quantum Computing: What Every Investor Needs to Know.” The company, recognized as the world’s only annealing quantum computing firm, aims to address complex optimization problems faced by 39% of enterprises. D-Wave’s products, including the first commercial quantum computer, have garnered significant interest, having applications across industries like logistics and AI. With a history of over two decades in technology innovation, the company is positioned to capture a substantial market for quantum solutions.