QBTS · D-Wave Quantum Inc.
AI read · Neutral
The AI's read
Sales growth and the longer order list suggest demand is expanding. But fewer orders came in during the quarter, and costs rose. The smaller reported loss partly reflects lower noncash charges tied to warrant liabilities. The adjusted loss widened, and cash fell as operations used funds. Up to $100 million in federal funding depends on meeting conditions. These results give mixed signs for D-Wave's outlook.