TickerBrief

QBTS · D-Wave Quantum Inc.

D-Wave Quantum Inc QBTS

Develops quantum computing systems and provides quantum annealing hardware and cloud access to businesses and researchers.

Industry
Technology
Listed on
New York Stock Exchange
IPO
2020-10-11
Website
dwavequantum.com

Daily brief

D-Wave Quantum falls on revenue miss, dilution concerns

-9.28% to $19.41 from $21.39

What moved QBTS

  • D-Wave posted a second-quarter loss of $0.13 per share, wider than the $0.10 loss analysts expected, on revenue of $3.1 million versus a $4.03 million consensus.
  • Bookings for the quarter rose 59% year-over-year despite the revenue miss.
  • Investors also weighed recent financing and share-dilution news alongside the results.

Sources: public.com · StocksToTrade

More on D-Wave Quantum Inc.

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