D-Wave Quantum Inc. - QBTS STOCK NEWS

D-Wave Quantum Inc. (NYSE: QBTS) announces significant commercial traction at its Qubits 2023 user conference, where it showcased new and renewed customer engagements across various industries. Notable clients include Siemens Healthineers and Unisys, indicating a growing interest in quantum computing solutions. The conference highlighted practical applications in sectors such as medical imaging and logistics. D-Wave also revealed advancements in its Advantage2™ annealing system, featuring over 7000 qubits and improved coherence. The company emphasized its commitment to innovation, promising enhanced quantum solutions aimed at delivering substantial business value.

D-Wave Quantum Inc. (NYSE: QBTS) and Davidson Technologies have established a multi-year reseller agreement aimed at advancing quantum computing adoption in U.S. defense and aerospace sectors. This collaboration will allow Davidson to resell D-Wave’s products, including the Leap™ quantum cloud service, and support classified quantum-hybrid applications needed for national defense. The initiative aligns with the U.S. Government's focus on quantum information science as a catalyst for innovation. D-Wave’s technology, specifically the Advantage™ quantum system, is designed to solve complex optimization challenges prevalent in defense operations.

D-Wave Quantum Inc. (NYSE: QBTS) has partnered with uptownBasel to integrate its quantum annealing technology at the Infinity Center of Competence for Quantum & AI. This collaboration aims to enhance understanding and adoption of quantum computing solutions, focusing on optimization problems in various industries. D-Wave's Advantage quantum computer, featuring over 5,000 qubits, will be accessible to the center's tenants, promoting the development of quantum applications to address complex business challenges.

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.