GMA Network Center

D-Wave Reports Third Quarter Results

Retrieved on: 
Thursday, November 9, 2023
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Grew third quarter Revenue by 51% on a year-over-year basis, and 50% on a sequential quarter-to-quarter basis.

Key Points: 
  • Grew third quarter Revenue by 51% on a year-over-year basis, and 50% on a sequential quarter-to-quarter basis.
  • Revenue: Revenue for the third quarter of fiscal 2023 was $2.6 million, an increase of $0.9 million, or 51%, from fiscal 2022 third quarter Revenue of $1.7 million, and an increase of $0.9 million, or 50%, from the immediately preceding fiscal 2023 second quarter Revenue of $1.7 million.
  • Non-GAAP Adjusted Operating Expense3: Non-GAAP Adjusted Operating Expenses for the third quarter of fiscal 2023 were $13.5 million compared with $14.2 million in the year earlier fiscal 2022 third quarter.
  • On a sequential quarter-to-quarter basis, the $11.6 million in fiscal 2023 third quarter Adjusted EBITDA Loss represents the second consecutive quarter of sequential quarter-to-quarter improvement in Adjusted EBITDA Loss.

D-Wave and QuantumBasel Extend Agreement to Accelerate Commercial Adoption and Production Use of Quantum Technology in Europe

Retrieved on: 
Thursday, October 26, 2023
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D-Wave and QuantumBasel signed their initial strategic collaboration agreement in December 2022, in which D-Wave was named as a quantum technology provider for QuantumBasel, giving the center’s tenants and customers access to its Advantage annealing quantum computer via the Leap™ real-time quantum cloud service.

Key Points: 
  • D-Wave and QuantumBasel signed their initial strategic collaboration agreement in December 2022, in which D-Wave was named as a quantum technology provider for QuantumBasel, giving the center’s tenants and customers access to its Advantage annealing quantum computer via the Leap™ real-time quantum cloud service.
  • Our collaboration is a promise to drive quantum advancements and progress towards broader commercial adoption," said Damir Bogdan, CEO of QuantumBasel.
  • “Today’s announcement reflects strong progress toward achieving that mission, as joint customers are quickly realizing the near-term advantage of D-Wave’s quantum technology.
  • Through our collaboration and now our European office presence, we anticipate accelerated momentum for quantum and quantum-hybrid applications moving into production and fueling operations.”