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D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, today announced it will release its financial results for the first quarter of fiscal year 2024 ended March 31, 2024 on Monday, May 13 before market open.
Key Points:
- D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, today announced it will release its financial results for the first quarter of fiscal year 2024 ended March 31, 2024 on Monday, May 13 before market open.
- The press release will be available on the D-Wave Investor Relations website: https://ir.dwavesys.com/ .
- In conjunction with this announcement, D-Wave will host a conference call on Monday, May 13, 2024, at 8:00 a.m. (Eastern Time), to discuss the Company’s financial results and business outlook.
- The conference ID is “D-Wave.” Participating in the call will be Chief Executive Officer Dr. Alan Baratz and Chief Financial Officer John Markovich.
Technology,
Software,
Networks,
Artificial Intelligence,
Internet,
Hardware,
Nature Physics,
AI,
Heart,
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Benchmarking,
Noise,
Central nervous system,
Drug discovery,
Algorithm D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services and the world’s first commercial supplier of quantum computers, today launched the fast-anneal feature, available on all of D-Wave’s quantum processing units (QPUs) in the Leap™ real-time quantum cloud service.
Key Points:
- D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services and the world’s first commercial supplier of quantum computers, today launched the fast-anneal feature, available on all of D-Wave’s quantum processing units (QPUs) in the Leap™ real-time quantum cloud service.
- With this feature now widely accessible, users can perform quantum computations at unprecedented speeds, greatly reducing the impact of external disturbances such as thermal fluctuations and noise that often hinder quantum calculations.
- Heightened coherence and reduced environmental interference will open avenues in quantum sciences,” said Alejandro Lopez-Bezanilla with Los Alamos National Laboratory.
- With increased quantum coherence, we can finally achieve precise observations of quantum phenomena, previously only accessible in theory but now within reach of experimental validation.”
Data Management,
Technology,
Other Technology,
Software,
Artificial Intelligence,
Hardware,
Momentum,
Research,
Drug discovery,
Power,
AI,
Qubit,
Senior,
Quantum,
Los Alamos National Laboratory,
D-Wave,
Government,
VINCI D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services and the world’s first commercial supplier of quantum computers, today announced that its Qubits 2024 quantum computing conference will take place in Boston on June 17 and 18, 2024.
Key Points:
- D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services and the world’s first commercial supplier of quantum computers, today announced that its Qubits 2024 quantum computing conference will take place in Boston on June 17 and 18, 2024.
- Themed “Success, Powered by Quantum,” the conference will demonstrate how D-Wave, partners, and customers such as Momentum Worldwide (part of Interpublic Group), Los Alamos National Lab, Zapata AI and others are achieving tangible outcomes with D-Wave’s innovative annealing quantum computing technology.
- It will be packed with demonstrations of new quantum solutions, product updates, the company’s latest scientific accomplishments, and customer applications, both in development and in production.
- The latest advancements in D-Wave’s quantum technology and software, with expert guidance on how to quickly adopt quantum computing in the enterprise.
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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%.
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QAD Inc.,
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HPE,
Management D-Wave has also promoted Dr. Trevor Lanting to Chief Development Officer to lead its product innovation roadmap, spanning D-Wave’s full stack of quantum computing hardware and software solutions.
Key Points:
- D-Wave has also promoted Dr. Trevor Lanting to Chief Development Officer to lead its product innovation roadmap, spanning D-Wave’s full stack of quantum computing hardware and software solutions.
- His expertise in devising innovative GTM strategies for optimization applications will help D-Wave effectively capitalize on the industry transition to the operational use of quantum computing.
- In his new role as Chief Development Officer, Dr. Trevor Lanting's responsibilities now include D-Wave's product roadmap and initiatives to advance the science of quantum computing.
- "This is a watershed moment as enterprise customers are starting to move quantum applications into production," said Dr. Alan Baratz, CEO of D-Wave.
D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, today announced it will release its financial results for the fourth quarter and fiscal year 2023 ended December 31, 2023 on Thursday, March 28 before market open.
Key Points:
- D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, today announced it will release its financial results for the fourth quarter and fiscal year 2023 ended December 31, 2023 on Thursday, March 28 before market open.
- The press release will be available on the D-Wave Investor Relations website: https://ir.dwavesys.com/ .
- In conjunction with this announcement, D-Wave will host a conference call on Thursday, March 28, 2024, at 8:00 a.m. (Eastern Time), to discuss the Company’s financial results and business outlook.
- Participating in the call will be Chief Executive Officer Alan Baratz and Chief Financial Officer John Markovich.
NEW YORK, March 07, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of D-Wave Quantum Inc. (“D-Wave” or the “Company”) (NYSE: QBTS).
Key Points:
- NEW YORK, March 07, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of D-Wave Quantum Inc. (“D-Wave” or the “Company”) (NYSE: QBTS).
- The investigation concerns whether D-Wave and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
- Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.
- The Firm has recovered billions of dollars in damages awards on behalf of class members.
Retrieved on:
Wednesday, February 28, 2024
Key Points:
- WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=22480 or call Phillip Kim, Esq.
- toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.
- The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
- 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017.
Retrieved on:
Wednesday, February 28, 2024
NEW YORK, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of D-Wave Quantum Inc. (“D-Wave” or the “Company”) (NYSE: QBTS).
Key Points:
- NEW YORK, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of D-Wave Quantum Inc. (“D-Wave” or the “Company”) (NYSE: QBTS).
- The investigation concerns whether D-Wave and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
- Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.
- The Firm has recovered billions of dollars in damages awards on behalf of class members.
Retrieved on:
Tuesday, February 20, 2024
NEW YORK, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of D-Wave Quantum Inc. (“D-Wave” or the “Company”) (NYSE: QBTS).
Key Points:
- NEW YORK, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of D-Wave Quantum Inc. (“D-Wave” or the “Company”) (NYSE: QBTS).
- The investigation concerns whether D-Wave and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
- Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.
- The Firm has recovered billions of dollars in damages awards on behalf of class members.
