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Jun 30, 2024
D-Wave Q2 2024 Earnings Report
D-Wave's Q2 2024 financial performance was highlighted by revenue increase and strategic advancements.
Key Takeaways
D-Wave Quantum Inc. reported a 28% year-over-year increase in revenue for the second quarter of 2024, along with a 6% increase in bookings and a 97% increase in GAAP gross profit. The company also highlighted technical advancements and customer traction.
Revenue increased by 28% year-over-year.
Bookings increased by 6% year-over-year.
GAAP gross profit increased by 97% year-over-year.
Ended the quarter with $40.9 million in cash.
D-Wave
D-Wave
Forward Guidance
D-Wave reiterates the full year 2024 financial guidance set forth in our June 28, 2024, fiscal 2023 fourth quarter and full year earnings press release.