- The company reported a 28% increase in revenue, a 6% rise in bookings, a 97% improvement in GAAP gross profit and a 444% increase in cash, for the second quarter of 2024, on a year over year basis
- D-Wave’s CEO, Dr. Alan Baratz, summarized the company’s ongoing strategic direction and provided an expansive list of achievements
- Highlights mentioned include a quantum AI product development roadmap extending D-Wave’s Leap(TM) quantum cloud service, an expanded partnership with Zapata AI, new customer hybrid quantum applications, and more
D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software, and services, and the first commercial provider of quantum computers, released its second quarter 2024 financial results along with recent business and technical updates. The company reported growth in key areas, reflecting its continued momentum in the quantum computing market (https://ibn.fm/DNZ11).
D-Wave has made notable progress in advancing its quantum computing offerings and expanding its market presence during this period. The company announced an updated product development roadmap designed to enhance its Leap quantum cloud service to address artificial intelligence (“AI”) and…
Forward-Looking Statements
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