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D-Wave Quantum Inc. - $QBTS STOCK NEWS

Welcome to our dedicated page for D-Wave Quantum news (Ticker: $QBTS), a resource for investors and traders seeking the latest updates and insights on D-Wave Quantum stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect D-Wave Quantum's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
D-Wave Quantum Inc. (NYSE: QBTS) announced select unaudited preliminary financial results for its fiscal second quarter ended June 30, 2023. The preliminary revenue is expected to be in a range of $1,650,000 to $1,800,000, below the FactSet analyst consensus estimate. However, total bookings for the fiscal second quarter were $2.5 million, an increase of 146% from the same period last year, representing the fifth consecutive quarter of year-over-year growth. The average deal size also saw significant increases. The company closed the second $15 million tranche of its $50 million four-year term loan, and provided an update on the fiscal year 2023 outlook.
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D-Wave Quantum Inc. regains compliance with NYSE listing standard for minimum share price.
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Rhea-AI Summary
Recent legislation before Congress is pushing for the development and adoption of near-term quantum computing applications. D-Wave Quantum Inc. has the technology to develop these applications. The legislation includes an aggressive timeframe of 24 months or less for developing and deploying demos, proofs of concepts, and pilots. The U.S. government is shifting its mindset about quantum and prioritizing application development.
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D-Wave Quantum Inc.

NYSE:QBTS

QBTS Rankings

QBTS Stock Data

208.58M
103.53M
3.93%
67.02%
4.83%
Software Publishers
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United States of America
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