D-Wave Quantum (NYSEQBTS) (“D-Wave”), a leader in quantum computing systems, software and services, and the first commercial provider of quantum computers, reported a 120%+ increase in bookings for fiscal year 2024 compared to 2023 figures. According to a company news release, bookings for fiscal year 2024 exceed $23 million, an increase driven by several major milestones including the first-ever customer purchase of a D-Wave Advantage annealing quantum computer ( https://ibn.fm/9aHB5 ).
D-Wave Quantum Inc. (NYSEQBTS) (“D-Wave”), a leader in quantum computing systems and the world’s first commercial supplier of quantum computers, has launched the Leap Quantum LaunchPad program to advance quantum computing application deployment. The initiative offers a three-month free trial granting access to D-Wave’s technology, including its Advantage quantum computers and Leap cloud service, along with expert technical guidance.
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D-Wave Quantum Inc. (NYSEQBTS) (“D-Wave”), a leader in quantum computing systems, software and services, and the first commercial provider of quantum computers, has completed its $150 million “at-the-market” equity offering program, selling shares at an average price of $6.10, a 3.7% premium over the volume-weighted average price during the sales period. The company currently has approximately $320 million in cash, which it will use for working capital and capital expenditures in support of D-Wave’s ongoing technical development efforts and business operations. CEO Dr. Alan Baratz stated that the company believes that the funds will provide the company with the capital necessary to fully execute its operating plan to sustained profitability and positive cash flow.
Defiance Quantum ETF (NASDAQQTUM) surpasses $1 billion in assets under management with a stellar 2024 performance driven by companies at the forefront of quantum computing innovation, signaling the industry's potential for growth.
D-Wave Quantum Inc. (NYSEQBTS) (“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 announced that it has successfully completed sales of $150 million in gross proceeds of its common stock pursuant to its previously disclosed $150 million "at-the-market" equity offering program (the “ATM Program”). The $150 million ATM Program, which was filed on January 10, commenced on January 15th and ended on January 21st, was completed at an average price per share of $6.10 representing a $0.22 per share, or 3.7%, premium over the Volume Weighted Average Price (“VWAP”) of D-Wave’s common stock (per Bloomberg) for the four days that D-Wave sold common stock. The Company’s current cash balance is approximately $320 million. The funds were used, and will continue to be used, for working capital and capital expenditures in support of D-Wave’s ongoing technical development efforts and business operations.
D-Wave Quantum Inc. (NYSEQBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services, and the world’s first supplier of production-grade quantum computers, announced today the introduction of the new Leap Quantum LaunchPad™ program, an initiative designed to accelerate the deployment of quantum computing applications. The program offers free trial access to D-WaveTM technology and expertise to help customers use annealing quantum computing to solve important business and scientific problems that can be out of reach of classical computers.
Everybody has an opinion about quantum computing lately. Last week Nvidia CEO Jensen Huang suggested we were 15–30 years away from “useful” quantum computing.
