Zinger Key Points
- D-Wave Quantum shares surged 42.5% after reporting a 502% year-over-year increase in Q4 bookings to $18.3 million.
- Despite missing earnings and revenue estimates, the company expects Q1 fiscal 2025 revenue to exceed $10 million.
- The new Benzinga Rankings show you exactly how stocks stack up—scoring them across five key factors that matter most to investors. Every day, one stock rises to the top. Which one is leading today?
D-Wave Quantum Inc. QBTS shares are trading higher Friday, continuing after the company on Thursday reported a significant increase in fourth-quarter bookings.
What To Know; The company reported fourth-quarter bookings of $18.3 million, reflecting a 502% increase year over year. Despite the strong bookings growth, D-Wave missed Wall Street estimates on both earnings and revenue. The company posted an adjusted earnings per share loss of 8 cents, which was wider than the expected loss of 7 cents.
For 2025, D-Wave expects revenue to exceed $10 million. A significant portion of this revenue will come from the sale of an Advantage annealing quantum computer. Analysts' consensus estimate for first-quarter revenue is $2.606 million.
D-Wave CEO Alan Baratz highlighted the company's record bookings and cash position, emphasizing recent progress in quantum technology performance over classical computing in real-world applications.
QBTS Price Action: D-wave Quantum shares were up 36.8% at $9.45 at the time of writing, according to Benzinga Pro.
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