Loading...
•
Mar 31, 2024
D-Wave Q1 2024 Earnings Report
D-Wave reported first quarter results with revenue up 56% year-over-year and bookings up 54% year-over-year.
Key Takeaways
D-Wave's first quarter 2024 results showed significant growth, with revenue increasing by 56% and bookings up by 54% compared to the previous year. The company also achieved a 294% increase in gross profit, reflecting growing customer demand and increased operating efficiencies.
Revenue for the first quarter of fiscal 2024 was $2.5 million, a 56% increase year-over-year.
Bookings for the first quarter of fiscal 2024 were $4.5 million, a 54% increase year-over-year.
GAAP gross profit for the first quarter of fiscal 2024 was $1.7 million, a 294% increase year-over-year.
Net loss for the first quarter of fiscal 2024 was $17.3 million, or $0.11 per share, a decrease from the fiscal 2023 first quarter net loss of $24.4 million, or $0.20 per share.
Forward Guidance
D-Wave is reiterating the full year 2024 financial guidance set forth in our March 28, 2024, fiscal 2023 fourth quarter and full year earnings press release.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...