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D-Wave Announces Q3 Earnings Showing Continued Growth

Quantum Computing Report 16 days ago


D-Wave  released its earnings report for the quarter ending on September 30, 2022. Revenue was about $1.7 million, an increase of $300 thousand over the previous quarter. Gross profit was $1.1 million, an increase of 4300 thousand over Q2. Operating expenses were $16.4 million, an increase of about $3.5 million, and EBITDA Loss was $12.4 million, an increased loss of $1.6 million. Total revenue for the first three quarters was about $4.8 million. The company forecasted full year 2022 revenue to be between $7 and $9 million which would indicate continued revenue growth in the fourth quarter. The company ended the quarter with $13.7 million cash and cash equivalents on hand.


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