D Wave Quantum Stock Price, News & Analysis

D-Wave Quantum Inc. (NYSE: QBTS) announced a change in the date for its fourth quarter and fiscal year 2022 earnings results, now scheduled for the week of April 10, 2023. This adjustment is to synchronize with the delayed filing of its Form 10-K. The exact date for the earnings press release and conference call will be announced soon and will be available on the D-Wave Investor Relations website.

D-Wave continues to lead in quantum computing systems, software, and services, focusing on commercial annealing and gate-model quantum computing, serving numerous high-profile global clients.

D-Wave Quantum Inc. (NYSE: QBTS) announced it received notice from the NYSE on March 16, 2023, for non-compliance with listing standards, as its stock averaged below $1.00 for 30 days ending March 15, 2023. The company intends to remedy this deficiency within six months, regaining compliance if the stock closes above $1.00 at the end of any month during the cure period. D-Wave is considering actions like a reverse stock split, which would require shareholder approval. Throughout this process, its stock will remain listed and continue to trade on the NYSE, subject to compliance with other standards.

D-Wave Quantum has introduced a new hybrid solver plug-in for feature selection, enhancing machine learning workflows. This tool integrates with scikit-learn, allowing developers to easily implement quantum technology in their ML projects. The launch addresses the growing demand for AI and ML technologies, with 78% of organizations noting their significant impact on business outcomes, according to IDC. The plug-in simplifies the feature selection process, crucial for improving ML model training. Developers can start using the plug-in for free via the Leap quantum cloud service. D-Wave aims to drive faster business value through quantum solutions.

D-Wave Quantum Inc. (NYSE: QBTS) announced it will release its financial results for Q4 and FY 2022 on March 30, 2023, before the market opens. A conference call will follow at 8:00 a.m. ET to discuss these results and future outlook, featuring CEO Alan Baratz and CFO John Markovich.

D-Wave is recognized as a leader in quantum computing systems, delivering both annealing and gate-model quantum computers, and is collaborating with industry leaders like Volkswagen and Mastercard to apply quantum solutions across diverse sectors.

D-Wave Quantum Inc. (NYSE: QBTS) announced its participation in the 35th annual Roth Conference, scheduled for March 13-14, 2023, at the Ritz Carlton in Laguna Niguel, California. CEO Dr. Alan Baratz and CFO John Markovich will represent the company at this prominent event. D-Wave is recognized for being a leader in quantum computing systems, offering both annealing and gate-model quantum computers. The company is committed to leveraging quantum technology to solve complex problems across various industries, including logistics, AI, and drug discovery.

D-Wave Quantum Inc. (NYSE: QBTS) has announced new product offerings and global expansion efforts aimed at bolstering its leadership in quantum computing. The company plans to enhance its feature selection capabilities for AI/ML applications, addressing industry challenges and improving model performance. Additionally, D-Wave will soon launch its Leap™ quantum cloud service in Israel, expanding accessibility to its systems. Financially, D-Wave has raised approximately $20 million under an Equity Line of Credit since October 2022. The company is also pursuing SOC 2 Type 2 compliance to enhance data security and customer trust.

D-Wave Quantum Inc. (NYSE: QBTS) announces significant commercial traction at its Qubits 2023 user conference, where it showcased new and renewed customer engagements across various industries. Notable clients include Siemens Healthineers and Unisys, indicating a growing interest in quantum computing solutions. The conference highlighted practical applications in sectors such as medical imaging and logistics. D-Wave also revealed advancements in its Advantage2™ annealing system, featuring over 7000 qubits and improved coherence. The company emphasized its commitment to innovation, promising enhanced quantum solutions aimed at delivering substantial business value.

D-Wave Quantum Inc. (NYSE: QBTS) and Davidson Technologies have established a multi-year reseller agreement aimed at advancing quantum computing adoption in U.S. defense and aerospace sectors. This collaboration will allow Davidson to resell D-Wave’s products, including the Leap™ quantum cloud service, and support classified quantum-hybrid applications needed for national defense. The initiative aligns with the U.S. Government's focus on quantum information science as a catalyst for innovation. D-Wave’s technology, specifically the Advantage™ quantum system, is designed to solve complex optimization challenges prevalent in defense operations.

D-Wave Quantum Inc. (NYSE: QBTS) has partnered with uptownBasel to integrate its quantum annealing technology at the Infinity Center of Competence for Quantum & AI. This collaboration aims to enhance understanding and adoption of quantum computing solutions, focusing on optimization problems in various industries. D-Wave's Advantage quantum computer, featuring over 5,000 qubits, will be accessible to the center's tenants, promoting the development of quantum applications to address complex business challenges.