ELOC

D-Wave Reports Fourth Quarter and Year-End 2023 Results

Retrieved on: 
Thursday, March 28, 2024
Hardware, Data Management, Other Technology, Technology, Software, ELOC, Conference, Ford Otosan, Growth, LEAP, Research, Adjustment, HVAC, NEC, Traction, D-Wave, Depreciation, Aircraft, Investment, Government, Eastern Time Zone, Video game

First quarter FY24 Bookings expected to be at least $4.3 million representing a minimum 36% growth over the fourth quarter of fiscal 2023, 47% growth over the first quarter of fiscal 2023 and representing the Company’s 8th consecutive quarter of year-over-year growth in quarterly Bookings.

Key Points: 
  • First quarter FY24 Bookings expected to be at least $4.3 million representing a minimum 36% growth over the fourth quarter of fiscal 2023, 47% growth over the first quarter of fiscal 2023 and representing the Company’s 8th consecutive quarter of year-over-year growth in quarterly Bookings.
  • Revenue: Revenue for the fourth quarter of fiscal 2023 was $2.9 million, an increase of $0.5 million, or 21%, from fiscal 2022 fourth quarter revenue of $2.4 million, and an increase of $0.3 million, or 13%, from the fiscal 2023 third quarter revenue of $2.6 million, representing D-Wave's third consecutive quarter of sequential quarter-to-quarter growth in revenue.
  • Bookings1: Bookings for the fourth quarter of fiscal 2023 were $3.1 million, an increase of $0.8 million, or 34%, from fiscal 2022 fourth quarter Bookings of $2.4 million, and an increase of $0.2 million, or 8%, from the fiscal 2023 third quarter Bookings of $2.9 million, representing D-Wave’s seventh consecutive quarter of year-over-year growth in quarterly Bookings.
  • Non-GAAP Gross Margin2: Non-GAAP gross margin for the fourth quarter of fiscal 2023 was 80.2%, an increase of 7.6% from the fiscal 2022 fourth quarter Non-GAAP gross margin of 72.6%, and an increase of 4.6% from the fiscal 2023 third quarter Non-GAAP gross margin of 75.6%.

APPlife Digital Solutions, Inc. and The Awareness Group Finalize Terms for Unique Strategic Partnership

Retrieved on: 
Tuesday, February 27, 2024
Acquisition, OTCQB, SAN, LOI, Growth, ALDS, ELOC, TAG, Partnership, Security (finance)

Both parties have agreed on the final terms for the acquisition and partnership and are working with respective legal counsel towards a final executable agreement.

Key Points: 
  • Both parties have agreed on the final terms for the acquisition and partnership and are working with respective legal counsel towards a final executable agreement.
  • Under the final terms TAG will become a wholly-owned subsidiary of APPlife.
  • ALDS legacy shareholders will maintain no less than 10% of APPLife through an uplisting to a national exchange.
  • There can be no assurance that definitive agreements for the foregoing transaction will be successfully completed or executed.

Faraday Future Announces Updated Master Plan 1.1 to Strategically Position Itself for Growth in 2024

Retrieved on: 
Monday, February 26, 2024
EV, Electric Vehicles, Alternative Vehicles, Fuels, Automotive, Automotive Manufacturing, Luxury, Vehicle Technology, Manufacturing, Retail, EVS, Market, Research, Architecture, FF91, Livestreaming, ChatGPT, HP, History, Air conditioning, Faraday Future, EPA, Bank statement, ATM, SAVI, Bankruptcy Code, Security (finance), DNA, Lucid, Lamborghini Urus, Multimedia, WalletHub, Life, ELOC, Smartphone, BOM, Zoom, Insurance, Acquisition, AI, FF, FF 91, Letter, Communication, Committee, Element, Corporate development, OTA, Movement, Risk

Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (“Faraday Future”, “FF” or “Company”), a California-based global shared intelligent electric mobility ecosystem company, today released an open letter from Matthias Aydt, Global CEO of FF, to share an updated master plan 1.1 for the growth of Faraday Future in 2024.

Key Points: 
  • Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (“Faraday Future”, “FF” or “Company”), a California-based global shared intelligent electric mobility ecosystem company, today released an open letter from Matthias Aydt, Global CEO of FF, to share an updated master plan 1.1 for the growth of Faraday Future in 2024.
  • View the full release here: https://www.businesswire.com/news/home/20240225201526/en/
    Faraday Future Announces Updated Master Plan 1.1 to Strategically Position Itself for Growth in 2024.
  • 10,000 capacity - future potential annual production capacity at FF's self-operated manufacturing facility in Hanford, California with $200+ million invested.
  • Phase Two of the Company's Three-Phase Delivery Plan for the Company’s FF 91 2.0 Futurist Alliance launched in the third quarter 2023.

D-Wave Reports Third Quarter Results

Retrieved on: 
Thursday, November 9, 2023
Technology, Research, Semiconductor, Other Technology, Software, Networks, Internet, Hardware, Science, Traction, GMA Network Center, SOC, NTT Docomo, NYSE, Eastern Time Zone, Government, History, EBITDA, GAAP, Investment, Net, Lincoln Park, Growth, BBVA, D-Wave, Introduction, Public Sector Pension Investment Board, Depreciation, HVAC, Radar, ELOC, Forbes Global 2000, Mobile phone, Video game, Cryptocurrency, Bookkeeping, Microscope, Coal, Security (finance), Bank, Sales, Adjustment, Revenue, Book value

Grew third quarter Revenue by 51% on a year-over-year basis, and 50% on a sequential quarter-to-quarter basis.

Key Points: 
  • Grew third quarter Revenue by 51% on a year-over-year basis, and 50% on a sequential quarter-to-quarter basis.
  • Revenue: Revenue for the third quarter of fiscal 2023 was $2.6 million, an increase of $0.9 million, or 51%, from fiscal 2022 third quarter Revenue of $1.7 million, and an increase of $0.9 million, or 50%, from the immediately preceding fiscal 2023 second quarter Revenue of $1.7 million.
  • Non-GAAP Adjusted Operating Expense3: Non-GAAP Adjusted Operating Expenses for the third quarter of fiscal 2023 were $13.5 million compared with $14.2 million in the year earlier fiscal 2022 third quarter.
  • On a sequential quarter-to-quarter basis, the $11.6 million in fiscal 2023 third quarter Adjusted EBITDA Loss represents the second consecutive quarter of sequential quarter-to-quarter improvement in Adjusted EBITDA Loss.

Faraday Future Announces its Outline for October FF 91 2.0 Deliveries as Part of its Ongoing ‘Delivery Co-Creation Day’ Plan and Provides Business Update

Retrieved on: 
Friday, September 29, 2023
Automotive Manufacturing, EV, Electric Vehicles, Automotive, Manufacturing, Luxury, Specialty, General Automotive, Autonomous Driving, Vehicles, Vehicle Technology, Retail, Alternative Vehicles, Fuels, Maroko, Interim, Co-creation, Ferrari, Stock dilution, Maybach, Bentley, ATM, FF 91, ELOC, Webcast, Growth, FF, Cryptocurrency, Bank

The Company also announced the continuation of its Co-Creation partnerships and outlined preliminary upcoming FF 91 2.0 Futurist Alliance deliveries for October as part of its ongoing ‘Delivery Co-Creation Day’ plans.

Key Points: 
  • The Company also announced the continuation of its Co-Creation partnerships and outlined preliminary upcoming FF 91 2.0 Futurist Alliance deliveries for October as part of its ongoing ‘Delivery Co-Creation Day’ plans.
  • In the third quarter, the Company delivered its first three FF 91 2.0 Futurist Alliance vehicles and plans to continue deliveries going forward.
  • With approximately $3 billion invested into the Company to date, FF has delivered the FF 91 2.0 Futurist Alliance, which is truly an all-ability aiHypercar.
  • Users can preorder an FF 91 vehicle via the FF Intelligent App or through the Company’s website at:

D-Wave Reports Second Quarter Results

Retrieved on: 
Thursday, August 10, 2023
Semiconductor, Technology, Nanotechnology, Software, Research, Science, Hardware, Advertising, Introduction, Investment, Public Sector Pension Investment Board, Eastern Time Zone, Unisys, Home equity line of credit, GAAP, History, Lincoln Park, Government, The Interpublic Group of Companies, Net, EBITDA, Forbes Global 2000, ELOC, Depreciation, Transport, Adjustment, Credit, NYSE, D-Wave, Video game, Bank, Security (finance), Coal, Cryptocurrency, Sales, LEAP

Revenue: Revenue for the second quarter of fiscal 2023 was $1.7 million, an increase of $336,000, or 25%, from fiscal 2022 second quarter revenue of $1.4 million.

Key Points: 
  • Revenue: Revenue for the second quarter of fiscal 2023 was $1.7 million, an increase of $336,000, or 25%, from fiscal 2022 second quarter revenue of $1.4 million.
  • Bookings1: Bookings for the second quarter of fiscal 2023 were $2.5 million, an increase of $1.5 million, or 146%, from fiscal 2022 second quarter bookings of $1.0 million.
  • Average Deal Size2: During the second quarter of fiscal 2023, D-Wave’s average deal size per booking increased by 136% when compared to the second quarter of fiscal 2022.
  • GAAP Gross Profit: GAAP gross profit for the second quarter of fiscal 2023 was $705,000, a decrease of $46,000, or 6%, from the second quarter of fiscal 2022 GAAP gross profit of $751,000, with the decrease due primarily to higher stock-based compensation expenses in cost of sales in the second quarter of fiscal 2023.

D-Wave Reports Preliminary Second Quarter Fiscal 2023 Revenue and Bookings

Retrieved on: 
Friday, July 21, 2023
Data Management, Security, Technology, Other Technology, Nanotechnology, Hardware, FactSet, Advertising, Investment, Eastern Time Zone, Public Sector Pension Investment Board, Unisys, GAAP, Appetite, The Interpublic Group of Companies, Net, EBITDA, ELOC, Growth, Adjustment, YTD, NYSE, D-Wave, Software, Cryptocurrency, Security (finance), Beauty salon, Insurance, Sales

Preliminary fiscal second quarter revenue is expected to be in a range of $1,650,000 to $1,800,000 compared with the FactSet analyst consensus estimate of $2,281,000 with the shortfall due primarily to the timing of revenue recognition on certain professional services contracts.

Key Points: 
  • Preliminary fiscal second quarter revenue is expected to be in a range of $1,650,000 to $1,800,000 compared with the FactSet analyst consensus estimate of $2,281,000 with the shortfall due primarily to the timing of revenue recognition on certain professional services contracts.
  • Total bookings[1]for the fiscal second quarter ended June 30, 2023, were $2.5 million, an increase of $1.5 million, or 146%, from bookings of $1.0 million in the fiscal second quarter ended June 30, 2022.
  • For the first six months of fiscal 2023, bookings totaled $5.4 million, an increase of $3.7 million, or 209%, from bookings of $1.8 million in the first six months of fiscal 2022.
  • During the fiscal second quarter ended June 30, 2023, D-Wave’s average deal size[2]increased by 136% when compared to the fiscal second quarter ended June 30, 2022.

D-Wave Reports First Quarter Results

Retrieved on: 
Friday, May 19, 2023
Software, Research, Professional Services, Hardware, Data Management, Technology, Artificial Intelligence, Security, Data Analytics, Science, Finance, Other Science, Professional services, Investment, Public Sector Pension Investment Board, Eastern Time Zone, Home equity line of credit, GAAP, SOC, Lincoln Park, Government, The Interpublic Group of Companies, Net, EBITDA, Machine learning, Forbes Global 2000, ELOC, Depreciation, Growth, Adjustment, Credit, NYSE, D-Wave, Video game, Security (finance), Bank, Bookkeeping, Nature

First quarter bookings of $2.9 million were up by 297% on a year-over-year basis, representing the fifth consecutive quarter of sequential quarter-to-quarter increases in bookings.

Key Points: 
  • First quarter bookings of $2.9 million were up by 297% on a year-over-year basis, representing the fifth consecutive quarter of sequential quarter-to-quarter increases in bookings.
  • Revenue: Revenue for the first quarter of fiscal 2023 was $1.6 million, a decrease of $130,000, or 7.6%, from fiscal 2022 first quarter revenue of $1.7 million.
  • Bookings1: Bookings for the first quarter of fiscal 2023 were $2.9 million, an increase of $2.2 million, or 297%, from fiscal 2022 first quarter bookings of $733,000.
  • This represents D-Wave’s fifth consecutive quarter of sequential quarter-to-quarter growth in bookings and the fourth consecutive quarter of year-over-year growth in bookings.

 D-Wave Reports Fourth Quarter and Year-End 2022 Results

Retrieved on: 
Friday, April 14, 2023
Technology, Finance, Security, Professional Services, Business, Software, Hardware, Data Analytics, Data Management, Artificial Intelligence, Acceleration, FY, Noise, Investment, Public Sector Pension Investment Board, Eastern Time Zone, Nature Physics, ArcelorMittal, Home equity line of credit, GAAP, Research, SOC, Privacy, Lincoln Park, Net, Siemens Healthineers, EBITDA, Forbes Global 2000, Traction, Machine learning, Mastercard, ELOC, BASF, Growth, Artificial intelligence, Yoy, IDE, Benchmarking, NYSE, Adjustment, Safety, Calibration, D-Wave, Microscope, Video game, Medical device, Cryptocurrency, Bank, Q3, Unisys, Credit

“We believe our fourth quarter and 2022 year-end results reflect a clear signal: companies are rapidly embracing today’s quantum technology solutions to drive competitive advantage, now.

Key Points: 
  • “We believe our fourth quarter and 2022 year-end results reflect a clear signal: companies are rapidly embracing today’s quantum technology solutions to drive competitive advantage, now.
  • Adjusting for the fiscal 2021 fourth quarter non-recurring revenue, the year over year growth was 15.3%
    GAAP Gross Profit: GAAP gross profit for the fiscal 2022 fourth quarter was $1.3 million, a decrease of $289,000, or 28%, from the immediately preceding fiscal 2022 third quarter GAAP gross profit of $1.0 million, that increased by $256,000, or 33%, from the immediately preceding fiscal 2022 second quarter GAAP gross profit of $785,000.
  • The $1.3 million in 2022 fourth quarter GAAP gross profit decreased by $219,000, or 14% from in the fiscal 2021 fourth quarter GAAP gross profit of $1.5 million
    Non-GAAP Gross Profit1: Non-GAAP gross profit for the fiscal 2022 fourth quarter was $1.6 million, an increase of $543,000, or 50%, from the immediately preceding fiscal 2022 third quarter non-GAAP gross profit of $1.1 million, that increased by $266,000, or 32%, from the immediately preceding fiscal 2022 second quarter non-GAAP gross profit of $820,000.
  • The fiscal 2022 fourth quarter non-GAAP gross profit of $1.6 million increased by $80,000, or 5.2% when compared to the year earlier fiscal 2021 fourth quarter non-GAAP gross profit of $1.5 million.

D-Wave Announces Broad Feature Selection Initiative to Accelerate AI/ML Workflows, Expansion of Quantum Cloud Service to Israel

Retrieved on: 
Thursday, February 16, 2023
Apps, Applications, Technology, Nanotechnology, Software, Artificial Intelligence, Hardware, Organization, Home equity line of credit, SOC 2, AWS, ELOC, Safety, NYSE, Teaching, American Institute, IDE, Privacy, D-Wave, AICPA, SOC, Machine learning, 3D printing, LEAP

D-Wave has built a feature selection offering that focuses on using quantum hybrid approaches to optimize feature selection in artificial intelligence/machine learning (AI/ML) model training and prediction.

Key Points: 
  • D-Wave has built a feature selection offering that focuses on using quantum hybrid approaches to optimize feature selection in artificial intelligence/machine learning (AI/ML) model training and prediction.
  • Feature selection is the problem of determining a small set of the most representative characteristics to improve model training and performance in machine learning.
  • The D-Wave offering is uniquely suited to perform feature selection by constructing and solving a combinatorial optimization problem.
  • Extending its global accessibility and reach, D-Wave also announced today it will soon open up availability of the Leap™ quantum cloud service in Israel.