D-Wave Quantum stock pops despite missing revenue estimates on record bookings |
D-Wave Quantum stock pops despite missing revenue estimates on record bookings
Bookings surged to $33.4 million in the first quarter, up from $1.6 million a year earlier, driven by a $20 million university system sale
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A large quantum computer system sale that closed in early 2025 made for a difficult comparison in the latest period, pushing first-quarter revenue down 81% to $2.9 million, D-Wave Quantum reported. D-Wave stock rose almost 5% in early trading.
Analysts had expected revenue of $4.2 million and a loss of 8 cents per share, according to MSN. D-Wave posted a net loss of $18.4 million, or 5 cents per share, compared with a net loss of $5.4 million, or 2........