Aankondiging • Apr 26
D-Wave Quantum Inc., Annual General Meeting, Jun 04, 2026 D-Wave Quantum Inc., Annual General Meeting, Jun 04, 2026. Aankondiging • Apr 23
D-Wave Quantum Inc. to Report Q1, 2026 Results on May 12, 2026 D-Wave Quantum Inc. announced that they will report Q1, 2026 results Pre-Market on May 12, 2026 Aankondiging • Feb 12
D-Wave Quantum Inc. to Report Q4, 2025 Results on Feb 26, 2026 D-Wave Quantum Inc. announced that they will report Q4, 2025 results Pre-Market on Feb 26, 2026 Aankondiging • Jan 27
D-Wave Quantum Inc. Announces Key Product and Technology Milestones D-Wave Quantum Inc. announced key product and technology milestones that underscore accelerating customer adoption and progress. At Qubits 2026, D-Wave’s annual user conference today, the Company will introduce new hybrid solver capabilities that enable customers to incorporate machine learning models directly into quantum optimization workflows, as well as new tools that give quantum scientists deeper visibility into quantum dynamics using annealing quantum computers. In addition, the Company will share details on its accelerated gate-model development roadmap, including progress enabled by the recent acquisition of Quantum Circuits Inc., a breakthrough demonstration of scalable on-chip cryogenic control of qubits, and plans to bring an initial gate-model system to market in 2026. These development efforts and updates focus on scalability, enabling customers to tackle increasingly large and complex problems with greater efficiency and performance. Customer usage of D-Wave’s award-winning Advantage2 annealing quantum computers increased by 314% over the last year, while usage of the Company’s Stride™ hybrid solver, formerly known as the nonlinear program solver, increased by 114% in the last six months. D-Wave has introduced several annealing quantum computing product enhancements recently, including: Hybrid Solver Software Supports Integrated Machine Learning Models: D-Wave’s Stride hybrid solver combines the strengths of annealing quantum computing and classical computing to help customers address problems that classical-only methods may not be able to effectively or efficiently solve. The Stride hybrid solver now allows for surrogate modeling, enabling customers to incorporate machine learning models directly into optimization workflows to support a wider range of use cases within domains such as predictive maintenance, surge pricing, advertising campaign optimization, and employee scheduling. Learn more about the Stride hybrid solver here. Multicolor Annealing and Fast-Reverse Anneal: These new capabilities, which are now available to select customers, provide more precise qubit control to help scientists accelerate experimentation and discovery. Fast-reverse anneal allows the annealing quantum computer to move back and forth through the annealing process while maintaining coherence where quantum effects are strongest. This repeatable control allows researchers to study how quantum states evolve and transition, deepening understanding of complex quantum behavior. Multicolor annealing, a set of processor controls that enable operations such as controlled excitation and mid-anneal projection, give researchers the ability to generate dynamical quantum states, probe quantum phenomena at a deeper level, and prototype new algorithms. In addition to advancements with its annealing quantum computing technology, D-Wave is accelerating development of its gate-model quantum computing platform. Through the recent acquisition of Quantum Circuits Inc. as well as its own breakthrough development work, D-Wave is uniquely positioned as the only company with all three core technologies required to deliver scaled, error-corrected superconducting gate-model systems: High-fidelity, error-detecting dual-rail qubits for efficient error correction with up to an order of magnitude fewer physical qubits per logical qubit Local cryogenic control and multi-chip superconducting packaging for scaling systems with orders of magnitude fewer I/O control lines, as detailed in a new white paper here. Robust cryogenic platforms with demonstrated uptimes of years for commercial-grade operations. Together, these capabilities support D-Wave’s plans to bring an initial gate-model quantum computing system to market in 2026, reinforcing the company’s dual-platform strategy and long-term vision for practical, scalable quantum computing. Aankondiging • Jan 21
D-Wave Quantum Inc. (NYSE:QBTS) completed the acquisition of Quantum Circuits, Inc. D-Wave Quantum Inc. (NYSE:QBTS) entered into an Agreement to acquire Quantum Circuits, Inc. for $550 million on January 6, 2026. A consideration consists of a number of the D-Wave Quantum’s common stock, par value $0.0001 per share with a value $300 million, plus $250 million in cash, subject to a net debt adjustment.
The acquisition is subject to certain closing conditions set forth in the merger agreement, including the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and the approval of listing of the shares of D-Wave common stock being issued as consideration on the NYSE. Closing is expected to occur in late January 2026.
Centerview Partners LLC acted as financial advisor for D-Wave Quantum Inc. Adam Givertz and Stan Richards of Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor for D-Wave Quantum Inc. Needham & Company, LLC acted as financial advisor and Jeffrey Lehrer and Scott Cowan of DLA Piper LLP acted as legal advisor for Quantum Circuits, Inc.
D-Wave Quantum Inc. (NYSE:QBTS) completed the acquisition of Quantum Circuits, Inc. on January 20, 2026. Aankondiging • Nov 10
D-Wave to Showcase Advanced Hybrid Quantum Technologies at SC25 D-Wave Quantum Inc. announced it will showcase advances in hybrid quantum technology at SC25, the international conference for high performance computing (HPC), networking, storage and analysis. D-Wave will highlight quantum-HPC integration, impactful customer use cases, and emerging quantum-AI applications, underscoring the company's leadership in delivering energy-efficient quantum solutions that can drive measurable impact today. Against the backdrop of AI's escalating power consumption and the impact it is having on today's HPC centers, advanced hybrid quantum technologies are emerging as a potential energy-efficient accelerator for AI and HPC workflows. Aankondiging • Nov 04
D-Wave Advantage2 Quantum Computer Now Available for U.S. Government Applications At Davidson Technologies D-Wave Quantum Inc. and Davidson Technologies Inc. announced that D-Wave's Advantage2TM quantum computeris now operational at Davidson Technologies's headquarters in Huntsville, Alabama. The system is expected to address mission-critical U.S. government problems, particularly in national defense, and will eventually run sensitive applications. This launch marks a major milestone in a multi-year agreement and technology collaboration between D-Wave and Davidson to accelerate quantum computing adoption and deployment among U.S. government agencies. D-Wave and Davidson are already exploring quantum use cases in areas such as radar detection, resource deployment, military logistics optimization, materials science, AI and national security. Available for customer use now via D-Wave's LeapTM real-time quantum cloud service, the system housed at Davidson's headquarters is D-Wave's second U.S.-based annealing quantum computer and the first in Alabama. Leading industry voices and Alabama lawmakers affirmed their support for this pivotal moment, highlighting the state's expanding leadership in advanced technology and its growing role in driving innovation within national defense. Aankondiging • Oct 23
D-Wave Quantum Inc. to Report Q3, 2025 Results on Nov 06, 2025 D-Wave Quantum Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 06, 2025 Aankondiging • Sep 03
D-Wave Quantum Inc. Appoints Stan Black as Chief Information Security Officer D-Wave Quantum Inc. announced it is expanding its executive team with the appointment of security industry veteran Stan Black as chief information security officer (CISO). At D-Wave, Black will align the company’s security strategy with its corporate business goals, inform product development, and advance artificial intelligence and machine learning governance. Black is a cybersecurity veteran with more than 20 years of experience leading security and compliance strategies at leading public and private technology companies that serve both the public and private sector, including Dell/EMC/RSA/VMware, Citrix, Nuance Communications, and Delinea. A trusted voice in cybersecurity, Black regularly shares his perspectives as a speaker, media contributor, and advisor to industry leaders. Board Change • Aug 18
High number of new directors Independent Director Sharon Holt was the last director to join the board, commencing their role in 2024. Aankondiging • Aug 04
D-Wave Quantum Inc. Introduces New Developer Tools to Advance Quantum AI Exploration and Innovation D-Wave Quantum Inc. announced that it has released a collection of offerings to help developers explore and advance quantum artificial intelligence (AI) and machine learning (ML) innovation, including an open-source quantum AI toolkit and a demo. Available now for download, the quantum AI toolkit enables developers to seamlessly integrate quantum computers into modern ML architectures. The demo demonstrates how developers can leverage this toolkit to experiment with using D-Wave™? quantum processors to generate simple images, reflecting what D-Wave believes is a pivotal step in the development of quantum AI capabilities. By releasing this new set of tools, D-Wave aims to help organizations accelerate the use of annealing quantum computers in a growing set of AI applications. The quantum AI toolkit, part of D-Wave's Ocean™? software suite, provides direct integration between D-Wave's quantum computers and PyTorch, a production-grade ML framework widely used to build and train deep learning models. The toolkit includes a PyTorch neural network module for using a quantum computer to build and train ML models known as a restricted Boltzmann machine (RBM). Used to learn patterns and connections from complex data sets, RBMs are employed for generative AI tasks such as image recognition and drug discovery. Training RBMs with large datasets can be a computationally complex and time-consuming task that could be well-suited for a quantum computer. By integrating with PyTorch, D-Wave's new toolkit aims to make it easy for developers to experiment with quantum computing to address computational challenges in training AI models. Turning Quantum AI Potential into Real-World Value: D-Wave continues to advance its quantum AI product roadmap, delivering new solutions to customers while expanding development efforts. The company is working with a growing number of customers on exploratory quantum AI projects including: Japan Tobacco Inc.: D-Wave has completed a joint proof-of-concept project with the pharmaceutical division of Japan Tobacco Inc. (JT) that used D-Wave's quantum computing technology and AI in the drug discovery process. The quantum proof-of-concept outperformed classical methods for AI model training in drug discovery. Julich Supercomputing Centre at Forschungszentrum Julich: Researchers used D-Wave's quantum technology to develop a ML tool that predicts protein-DNA binding with greater accuracy than traditional methods using classical computers. The team integrated quantum computing with support vector machines to achieve improved results in various metrics, significantly enhancing classification performance. TRIUMF: Canada's particle accelerator center and its partner institutions recently published a paper in npj Quantum Information showing significant speedups using D-Wave's quantum computers over classical approaches for simulating high-energy particle-calorimeter interactions--pot potentially leading to major efficiencies where the AI model is used to create synthetic data. Organizations looking to explore the integration of quantum computing into AI workloads can apply to the Leap Quantum LaunchPad™? program. Kevin Chern, Senior Benchmarking Researcher at D-Wave, will showcase the toolkit and demo during his presentation titled "An Introduction to Quantum Annealers in Optimization and Machine Learning," at The AI Research Summit at Ai4 2025, on August 13, 2025 from 11:05 a.m. to 11:25 a.m. PT. Aankondiging • Jul 30
D-Wave Quantum Announces Strategic Development Initiative for Advanced Cryogenic Packaging D-Wave Quantum Inc. announced a new strategic development initiative focused on advanced cryogenic packaging. Designed to advance and scale both gate model and annealing quantum processor development, the initiative builds on D-Wave's technology leadership in superconducting cryogenic packaging and will expand the company's multichip packaging capabilities, equipment, and processes. By bolstering its manufacturing efforts with technology, D-Wave aims to accelerate its cross-platform technology development efforts while maintaining and expanding fundamental components of its supply chain. As part of this initiative, D-Wave is leveraging deep expertise and processes at the NASA Jet Propulsion Laboratory ("JPL"), a research and development lab federally funded by NASA and managed by Caltech. Harnessing JPL's superconducting bump-bond process, D-Wave has demonstrated end-to-end superconducting interconnect between chips, work that D-Wave expects will serve as an important foundation for scaling both D-Wave's annealing architectures and its fluxonium-based gate-model architectures. D-Wave believes that superconducting bump bonds will be key to the scalable control of fluxonium and to interconnectivity in multichip quantum processor architectures. D-Wave is also acquiring equipment and developing processes with a goal to increase circuit densities in its pioneering superconducting printed-circuit-board ("PCB") manufacturing, required for both scaling to larger processors and supporting analog-digital quantum computing technology. Packaging quantum processors involves unique and demanding requirements, including: compatibility with ultra-low temperature operation, extremely low magnetic fields, and fully superconducting interconnects with no interruptions in superconductivity all the way from on-chip circuitry through to external control wiring. D-Wave's differentiated solution encompasses cryogenic compatible mechanical and electromagnetic design, regularly achieves lower qubit temperatures than most in the industry, and supports coherence times that meet the requirements for error-corrected gate-model quantum computing technology. Aankondiging • Jul 24
D-Wave Quantum Inc. to Report Q2, 2025 Results on Aug 07, 2025 D-Wave Quantum Inc. announced that they will report Q2, 2025 results Pre-Market on Aug 07, 2025 Aankondiging • Jul 02
D-Wave Quantum Inc. has completed a Follow-on Equity Offering in the amount of $400 million. D-Wave Quantum Inc. has completed a Follow-on Equity Offering in the amount of $400 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Aankondiging • Jun 11
D-Wave Quantum Inc. has filed a Follow-on Equity Offering in the amount of $400 million. D-Wave Quantum Inc. has filed a Follow-on Equity Offering in the amount of $400 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Aankondiging • May 20
D-Wave Announces General Availability of Advantage2 Quantum Computer, Its Most Advanced and Performant System D-Wave Quantum Inc. announced the general availability of its Advantage2TM quantum computing system, a powerful and energy-efficient annealing quantum computer capable of solving nationally complex problems beyond the reach of classical computers. Featuring D-Wave's most advanced quantum processor to date, the Advantage2 system is commercial-grade, and built to address real-world use cases in areas such as optimization, materials simulation and artificial intelligence (AI). Customers can now access the Advantage2 system via D-Wave's LeapTM real-time quantum cloud service, which is available in more than 40 countries and offers 99.9% availability and uptime, sub-second response times and SOC 2 Type 2 compliance to meet enterprise needs and security requirements. For hyperscalers and supercomputing centers that want to integrate quantum computing into their infrastructure, the Advantage2 system is also available to purchase for on-premises ownership. Designed to tackle highly complex computational problems and facilitate quantum and hybrid-quantum applications for production deployment, the Advantage2 system's key benefits include: Increased qubit connectivity: The Advantage2 processor features the Zephyr™? topology with 20-way connectivity, which enables embedding of more complex problems. Higher energy scale and lower noise: The Advantage2 system offers a 40% increase in energy scale and a 75% reduction in noise, which contributes to higher-quality solutions for complex calculations. Greater coherence: A twofold increase in coherence allows the Advantage2 quantum processor to achieve faster time-to-s solution. Hybrid solver integration: Now integrated with the full Advantage2 system, the hybrid solvers in the Leap quantum cloud service--including the powerful nonlinear hybrid solver--support up to two million variables and constraints, allowing businesses to run large-scale, business-critical applications in production. Organizations regularly face the limitations of legacy computing solutions, leading to a growing demand for D-Wave's annealing quantum computing technology to tackle hard problems such as optimizing mobile networks, creating more efficient workforce scheduling, and streamlining automotive manufacturing processes. More than 20.6 million customer problems have been run on the Advantage2 prototypes available in the Leap cloud service since June 2022, with customer use up 134% in the last six months. An Advantage2 prototype was used by Japan Tobacco in a proof-of-concept project that utilized quantum computing and AI in the drug discovery process, and the Julich Supercomputing Center and Los Alamos National Laboratory have used the prototypes to advance their research. Beginning May 20, 2025, a full-scale generally available Advantage2 system is accessible in the Leap quantum cloud service for all D-Wave customers. In addition, D-Wave continues to expand its fleet of annealing quantum computers hosted around the world. The forthcoming Advantage2 system hosted on-premises at Davidson Technologies is intended to serve as a focal point for national security-focused quantum research. Also, the system currently located at the Julich Supercomputing Centre (JSC) at Forschungszentrum Julich (FZJ) will be upgraded to an Advantage2 system and is expected to connect with the JUPITER supercomputer, Europe's first and only exascale HPC, to facilitate breakthroughs in artificial intelligence and quantum optimization applications. Learn more and begin using the D-Wave Advantage2 quantum computer here here. Aankondiging • Mar 20
D-Wave Introduces Quantum Blockchain Architecture, Featuring Enhanced Security and Efficiency over Classical Computing D-Wave Quantum Inc. announced that it has published a new research paper introducing a novel blockchain architecture that uses techniques from its quantum supremacy demonstration. By adding quantum to traditional blockchain computation, the new architecture could enhance blockchain security and efficiency. As part of this research, D-Wave scientists deployed the blockchain architecture across four of its cloud-based annealing quantum computers in Canada and the United States, performing distributed quantum computing for the first time. An illustration from a new research paper published by D-Wave introducing a novel blockchain architecture that leverages the company's quantum supremacy achievement. The illustration depicts how a "proof of quantum" algorithm developed by D-Wave uses quantum computation to generate and validate blockchain hashes. The new research paper, "Blockchain with Proof of Quantum Work," highlights how D-Wave built and tested a "proof of quantum" algorithms that uses quantum computation to generate and validation blockchain hashes. Classical computers currently used for hashing and proof of work consume significant amounts of electricity. Each year, the power consumption of Bitcoin alone-- just one application of blockchain-- is estimated to be comparable to the power consumption of the entire country of Poland. D-Wave's research indicates that using quantum computation for hashing and proof of work could require a fraction of the electricity used by classical resources alone and potentially reduce electricity costs by up to a factor of 1,000. The paper introduces a new quantum-powered method to securely and efficiently create hashes by mapping classical functions to the complex programmable spin glasses simulated in D-Wave's recent supremacy demonstration. The proof of quantum algorithm presented in the paper is designed to incorporate hashes generated by a quantum computer, excluding classical computation from the process and adding an enhanced layer of security. Initially developed to enable cryptocurrencies such as Bitcoin, blockchain technology has a diverse range of applications across supply chain management, healthcare, identity verification, and decentralized finance. The D-Wave™? annealing quantum computers used in the Company's recent quantum supremacy demonstration and this new blockchain research are available for customers to use via D-Wave's Leap™? real-time quantum cloud service. D-Wave plans to continue to drive the development of this capability and work with partners to bring to market products based on this new blockchain architecture. Aankondiging • Mar 13
D-Wave Quantum Inc. First to Demonstrate Quantum Supremacy on Useful, Real-World Problem D-Wave Quantum Inc. announced a scientific breakthrough published in the esteemed journal Science, confirming that its annealing quantum computer outperformed one of the world's most powerful classical supercomputers in solving complex magnetic materials simulation problems with relevance to materials discovery. The new landmark peer-reviewed paper, "Beyond-Classical Computation in Quantum Simulation," validates this achievement as the world's first and only demonstration of quantum computational supremacy on a useful problem. A close-up look at D-Wave's Advantage2 annealing quantum computer prototype. Since February 2024, D-Wave customers have run nearly 9.5 million problems on the Advantage2 annealing quantum computers prototype. Realizing an Industry-First Quantum Computing Milestone The behavior of materials is governed by the laws of quantum physics. Understanding the quantum nature of magnetic materials is crucial to finding new ways to use them for technological advancement, making materials simulation and discovery a vital area of research for D-Wave and the broader scientific community. Magnetic materials simulations, like those conducted in this work, use computer models to study how tiny particles not visible to the human eye react to external factors. Magnetic materials are widely used in medical imaging, electronics, superconductors, electrical networks, sensors, and motors. Materials discovery is a computationally complex, energy-intensive and expensive task. Today's supercomputers and high-performance computing (HPC) centers, which are built with tens of thousands of GPUs, do not always have the computational processing power to conduct complex materials simulations in a timely or energy-efficient manner. For decades, scientists have aspired to build a quantum computer capable of solving complex materials simulation problems beyond the reach of classical computers. D-Wave's advancements in quantum hardware have made it possible for its annealing quantum computers to process these types of problems for the first time. The results shown in "Beyond-Classical Computations" were enabled by D-Wave's previous scientific milestones published in Nature Physics (2022) and Nature (2023), which theoretically and experimentally showed that quantum annealing provides a quantum speedup in complex optimization problems. These scientific advancements led to the development of the Advantage2 prototype's fast anneal feature, which played a a a critical part of the world's first first and only demonstration of quantum computing systems, software, and services. The results shown in " Beyond-Classical Computation in quantum Simulation" were enabled by D- Wave's previous scientific milestones published in nature Physics (2022) and nature (2023, which theoretically and experiments showed that quantum anneal provides a quantum speed up in complex optimization problems. These Scientific advancements led to the development of The Advantage2 prototype's fast ananeal feature, which played a unique unique unique unique unique unique unique technology. Aankondiging • Feb 27
D-Wave Quantum Inc. to Report Q4, 2024 Results on Mar 13, 2025 D-Wave Quantum Inc. announced that they will report Q4, 2024 results Pre-Market on Mar 13, 2025 Aankondiging • Feb 13
D-Wave Announces On-Premises Systems Offering to Push Boundaries of Quantum-Fueled Research and Advance Quantum + AI Development D-Wave Quantum Inc. announced that it is enabling research centers, academic institutions, and governments to purchase on-premises D-Wave™ Advantage™ quantum computing systems to help customers push the boundaries of quantum-fueled experimentation, development and usage. Supported by today’s announcement that Forschungszentrum Jülich (FZJ) is the first high-performance computing (HPC) center in the world to purchase a D-Wave Advantage quantum system, D-Wave expects the new systems offering to drive advanced research and new discoveries in areas such as artificial intelligence (AI) and quantum simulation. Customers have the ability to purchase on-premises D-Wave Advantage systems, the world’s largest annealing quantum computers with more than 5,000 qubits and 15-way connectivity. With tailored pricing to meet the unique requirements of each customer, the new offering includes shipping, installation, calibration and ongoing maintenance of the system to ensure optimal performance as well as assistance in setting up local hybrid quantum solvers. On-premises installation and system ownership provide customers the ability to tightly integrate with existing classical and HPC systems, leverage and tune system parameters, and take advantage of new system innovations, such as advanced analog-digital features, as they are developed. D-Wave vice president of infrastructure, Irwan Owen, is leading the systems go-to-market effort. The Company also announced the new “Quantum Uplift” program to address the growing number of customers expressing disappointment with competitor quantum systems that are incapable of solving problems of practical value and lack reliable uptime and availability. The Quantum Uplift program offers incentives toward the purchase of a D-Wave Advantage system for any organization that is dissatisfied with their current quantum computer. D-Wave’s quantum computers are highly performant, reliable and available, helping customers solve complex problems that are beyond the reach of classical computers. More than 100 organizations trust D-Wave with their toughest computational challenges, providing them with the opportunity to realize the value of quantum computing today. Organizations are increasingly looking to quantum computers to accelerate research, bolster national security and global competitiveness, and explore how the technology can address challenges resulting from AI's escalating power consumption. In fact, a study conducted by Hyperion Research reported that the increased focus on AI and compute-intensive technology is generating demand for on-premises quantum computers, particularly in HPC environments. Nearly 20% of respondents said that they prioritize the control, security, and immediacy provided by on-site quantum computing infrastructure. Modern HPC environments are built with tens of thousands of graphics processing units (GPUs) working together simultaneously to perform calculations. While the GPU excels at executing AI tasks such as data mining, pattern matching, and predictions, the quantum processing unit (QPU), used in quantum computers, brings unique strengths in solving complex problems that can enhance AI capabilities and drive compute efficiencies while helping reduce power consumption. Aankondiging • Jan 23
D-Wave Quantum Inc. has completed a Follow-on Equity Offering in the amount of $150 million. D-Wave Quantum Inc. has completed a Follow-on Equity Offering in the amount of $150 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Board Change • Dec 30
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Kirstjen Nielsen was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Aankondiging • Dec 10
D-Wave Quantum Inc. has filed a Follow-on Equity Offering in the amount of $75 million. D-Wave Quantum Inc. has filed a Follow-on Equity Offering in the amount of $75 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Aankondiging • Dec 03
D-Wave Quantum Inc. to Showcase Real-World Quantum Computing Applications in Action At Second B24 Silicon Valley D-Wave Quantum Inc. announced it will highlight the transformative power of quantum optimization and its impact on today's businesses at second quarter of 2024. Murray Thom, D-Wave vice president of quantum technology evangelism and featured speaker at the event, will discuss the evolution of quantum applications moving from proof of concept to production deployment. Uniquely aligned with Q2B24 Silicon Valley's theme of "The Roadmap to Quantum Value," Thom will highlight the measurable impact that D-Wave's annealing quantum computing solutions are creating for customers, including: An 80% reduction in the effort needed to create retail workforce schedules at Pattison Food Group, the largest purveyor of food and healthcare products in western Canada. An 83% reduction in the time needed to create manufacturing production schedules at Ford Otosan, a joint venture between Ford Motor Company and Koc Holding, an industrial conglomerate in Turkey. A 15% improvement in the utilization of mobile network resources at NTT Docomo, Japan's mobile phone operator. Aankondiging • Nov 26
D-Wave Quantum Inc. Appoints Sharon Holt to Its Board of Directors D-Wave Quantum Inc. announced the appointment of Sharon Holt to its board of directors. The appointment comes on the heels of the October 2024 additions of John DiLullo and Rohit Ghai to the D-Wave board, as the company continues to usher in the era of commercial quantum computing. Holt is a seasoned technology executive, investor, and board director with extensive global industry experience in semiconductors, embedded technologies, and intellectual property. Her executive roles have spanned business unit leadership, P&L ownership, business development, sales, marketing and engineering. Holt has served as a principal at Fraser Stuart Ventures, LLC, a private investment and advisory firm since 2016. Prior to that, she served as senior vice president and general manager of the semiconductor business group at Rambus Inc., a leading technology development and licensing company. Prior to Rambus, Holt held executive roles at Agilent Technologies and HP. She serves on the board of directors of Infinera Corp., a publicly traded leading supplier of intelligent transport network solutions, and previously served as chairman of the board of directors of Immersion Corporation, a publicly traded developer of haptics technology for cell phones and other devices. Reported Earnings • Nov 16
Third quarter 2024 earnings released: US$0.11 loss per share (vs US$0.12 loss in 3Q 2023) Third quarter 2024 results: US$0.11 loss per share. Revenue: US$1.87m (down 27% from 3Q 2023). Net loss: US$22.7m (loss widened 41% from 3Q 2023). Revenue is forecast to grow 51% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Germany. Aankondiging • Nov 15
D-Wave Quantum Inc. Provides Earnings Guidance for the Fourth Quarter of Fiscal 2024 D-Wave Quantum Inc. provided earnings guidance for the fourth quarter of fiscal year 2024. For the period, Company expects Revenue to improve over the third quarter Revenue. New Risk • Nov 14
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$60m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-US$22m). Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$71m net loss in 3 years). Shareholders have been diluted in the past year (26% increase in shares outstanding). Aankondiging • Nov 05
D-Wave Regains Compliance with NYSE Continued Listing Standards D-Wave Quantum Inc. announced it has regained compliance with the New York Stock Exchange (“NYSE”) continued listing standard for minimum share price under Section 802.01C of the NYSE Listed Company Manual. On November 1, 2024, the NYSE provided D-Wave with a notification letter of re compliance based on a calculation of the Company’s average closing share price for the 30 trading days ended October 31, 2024, which reflected an average closing share price above the NYSE’s $1.00 minimum requirement. D-Wave will continue to be traded on the NYSE, subject to its continued compliance with all applicable listing standards. Aankondiging • Nov 01
D-Wave Quantum Inc. to Report Q3, 2024 Results on Nov 14, 2024 D-Wave Quantum Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 14, 2024 Aankondiging • Oct 30
D-Wave Quantum Inc. Appoints John Dilullo and Rohit Ghai to its Board of Directors D-Wave Quantum Inc. announced the appointments of veteran technology industry leaders, John DiLullo and Rohit Ghai, to its board of directors. The new board members join at a key time for the company, as it executes an aggressive go-to-market strategy designed to rapidly accelerate the adoption of its annealing quantum computing solutions across global businesses, research institutions and government agencies. John DiLullo currently serves as chief executive officer at Deepwatch. With a track record spanning more than 30 years in technology, including more than 15 years in networking and cybersecurity, DiLullo brings leadership expertise in growth and profitability transformation. A long-time customer advocate, DiLullo is focused on improving a customer’s technology adoption experience, championing customer success and ROI, and embracing specialized routes to market for significant growth. Prior to his role at Deepwatch, DiLullo held CEO positions at LiveVox and Lastline Security, as well as senior executive level positions with F5 Networks, HP/Aruba Networks, Cisco Systems, and Sonicwall. Rohit Ghai is currently the chief executive officer of RSA. Ghai has experience in both startups and large enterprises, with expertise in digital transformation in highly regulated markets and knowledge across software, systems and security. Ghai was president of RSA during its tenure as a Dell Technologies business. Prior to that, he served as president of Dell EMC’s Enterprise Content Division and held senior engineering and management roles at Symantec, Computer Associates and Cheyenne Software. Aankondiging • Oct 05
D-Wave Quantum Receives Notice of Non-Compliance with NYSE Trading Share Price Listing Rule D-Wave Quantum Inc. (the ‘Company’) announced that it received notice from the New York Stock Exchange (the ‘NYSE’) on October 2, 2024 that it is not in compliance with Section 802.01C of the NYSE Listed Company Manual because, as of October 2, 2024, the average closing price of the Company’s common stock was less than $1.00 over a consecutive 30 trading-day period. The notice does not result in the immediate delisting of the Company’s common stock from the NYSE. On October 4, 2024, the Company notified the NYSE that it intends to cure the stock price deficiency and to return to compliance with the NYSE continued listing standard. The Company can regain compliance at any time within the six-month period following receipt of the NYSE notice if on the last trading day of any calendar month during the cure period the Company has a closing share price of at least $1.00 and an average closing share price of at least $1.00 over the 30 trading-day period ending on the last trading day of that month. Under the NYSE’s rules, if the Company determines that, if necessary, it will cure the stock price deficiency by taking an action that will require stockholder approval, it must so inform the NYSE in the above referenced notification and the price condition will be deemed cured if the price promptly exceeds $1.00 per share, and the price remains above that level for at least the following 30 trading days. The Company intends to consider available alternatives, including but not limited to a reverse stock split, that are subject to shareholder approval. The Company’s common stock will continue to be listed and trade on the NYSE during this period, subject to the Company’s compliance with other NYSE continued listing standards. Aankondiging • Oct 03
D-Wave Quantum Appoints Sophie Ames as Chief Human Resources Officer D-Wave Quantum reported it is expanding its executive team with the appointment of Sophie Ames as chief human resources officer. At D-Wave, Ames will lead the global human capital innovation strategy essential to the Company's next phase of growth and will focus on building strong connections between the Company's performance, people and processes across the entire employee lifecycle engagement. Ames brings broad international HR experience to D-Wave, having held leadership roles with leading public and private international technology and services companies including Mitel, ServiceMax, Veritas Technologies, Avaya, Amdocs, and Thomson Legal & Regulatory. Aankondiging • Aug 13
D-Wave Quantum Inc Featured in Syndicated Broadcast Highlighting Extended Product Roadmap, Enhancements to Quantum Cloud Service D-Wave Quantum Inc. announced that it has been featured in a broadcast via NetworkNewsAudio (“NNA”), which delivers additional visibility, recognition and brand awareness to the investment community via distribution to thousands of syndication points. The audio news release covers D-Wave’s announcement that it is extending its product development roadmap with enhancements to its Leap™ quantum cloud service. D-Wave announced that it is working to strengthen the connection between quantum optimization, artificial intelligence (AI) and machine learning (ML) by extending its product development roadmap with enhancements to its Leap quantum cloud service. These enhancements are designed to bring new quantum AI solutions to the commercial market. The roadmap is intended to help customers address a variety of AI/ML workloads, including pretraining optimization, more accurate and efficient model training, and opening new AI business use cases that require the integration of AI and business optimization. Reported Earnings • Aug 09
Second quarter 2024 earnings released: US$0.10 loss per share (vs US$0.20 loss in 2Q 2023) Second quarter 2024 results: US$0.10 loss per share (improved from US$0.20 loss in 2Q 2023). Revenue: US$2.18m (up 28% from 2Q 2023). Net loss: US$17.8m (loss narrowed 31% from 2Q 2023). Revenue is forecast to grow 68% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Germany. Aankondiging • Jul 25
D-Wave Quantum Inc. to Report Q2, 2024 Results on Aug 08, 2024 D-Wave Quantum Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 08, 2024 Aankondiging • Jun 18
D-Wave Introduces New Hybrid Quantum Solver At Qubits 2024 to Tackle Customers' Previously Intractable Workforce, Manufacturing, and Logistics Optimization Problems D-Wave Quantum Inc. announced at its global Qubits 2024 user conference the launch of a new hybrid quantum solver for nonlinear programs, enabling customers to confront real-world problems of growing complexity. Available now through D-Wave's Leap quantum cloud service, D-Wave believes the new solver will help customers solve complex optimization problems of increased scale, pushing past limits of previously available technologies. The solver supports up to two million variables and constraints, with a tenfold increase in problem size capacity over other D-Wave solvers for certain applications, according to preliminary benchmarking studies. It is part of D-Wave's expanding set of commercial quantum optimization offerings, supporting the company's aggressive go-to-market (GTM) growth strategy announced earlier this year. Comprising a combination of hardware, software and professional services, D-Wave's solutions are designed to dramatically boost time-to-s solution for organizations looking to optimize operational processes and performance. Real-world problems such as production scheduling have complex interactions between variables. D-Wave's new solution excels at handling nonlinear relationships, where the effect of changes to variables on solution quality is complex, giving it an edge over solvers limited to linear relationships. Its user-friendly experience simplifies the translation of real-world problems into hybrid quantum problem-solving methods, and is exceptionally flexible, supporting a wide range of problems more accurately to deliver better results. These problems include: Optimized workforce scheduling for improved employee experience: Industries with large hourly workforces and/or 24/7 operations can implement more streamlined staffing processes, increase productivity, and reduce costs while ensuring compliance with labor laws and employee preferences. Enhanced production scheduling to improve customer satisfaction: Manufacturers looking to minimize total completion time and maximize throughput can better meet customer demands by determining the best sequence of tasks in an assembly line -- all while considering factors like machine availability, processing times, and due dates. Efficient and more sustainable logistics routing: Commercial trucking fleets, promotional tour operators, and others seeking to minimize drive time, manage fuel consumption, and address carbon emissions can reduce costs and improve fleet utilization by optimizing routes. According to preliminary internal D-Wave benchmarking studies, the new hybrid quantum solver can find feasible routes for up to 10 times more cities than previous D-Wave solutions when used on a similar scenario -- the Traveling Salesperson Problem -- a classic example of a challenging combinatorial optimization problem. Hybrid solvers have been shown to improve solutions to complex optimization problems by bringing together quantum and classical computing resources to explore vast solution spaces more adeptly, and pinpoint answers that are more difficult to calculate than using classical computing methods alone. Over the past year, D-Wave has seen customer use of its hybrid solver portfolio nearly double, which the company believes highlights the growing marketing demand for quantum optimization technology. Recent Insider Transactions • Jun 08
Independent Director recently sold €133k worth of stock On the 4th of June, Emil Michael sold around 112k shares on-market at roughly €1.19 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €204k more than they bought in the last 12 months. Reported Earnings • May 13
First quarter 2024 earnings released: US$0.11 loss per share (vs US$0.20 loss in 1Q 2023) First quarter 2024 results: US$0.11 loss per share (improved from US$0.20 loss in 1Q 2023). Revenue: US$2.47m (up 56% from 1Q 2023). Net loss: US$17.3m (loss narrowed 30% from 1Q 2023). Revenue is forecast to grow 53% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Software industry in Germany. Aankondiging • May 01
D-Wave Quantum Inc. to Report Q1, 2024 Results on May 13, 2024 D-Wave Quantum Inc. announced that they will report Q1, 2024 results Pre-Market on May 13, 2024 Aankondiging • Apr 24
D-Wave Quantum Inc., Annual General Meeting, Jun 06, 2024 D-Wave Quantum Inc., Annual General Meeting, Jun 06, 2024, at 09:00 Pacific Standard Time. Agenda: To elect Emil Michael, Amy Cappellanti-wolf and Philip Adam Smalley iii as class ii directors to serve until the 2027 annual meeting of stockholders, and until their respective successors shall have been duly elected and qualified; to approve an amendment to company amended and restated certificate of incorporation to permit officer exculpation; to ratify the appointment of grant Thornton LLP as company independent registered public accounting firm for the fiscal year ending December 31, 2024; and to transact such other business as may properly come before the annual meeting or any continuation, postponement, or adjournment of the annual meeting. Aankondiging • Apr 19
D-Wave Quantum Inc. Introduces New Fast Anneal Feature, Extending Quantum Computing Performance Gains D-Wave Quantum Inc. launched the fast-anneal feature, available on all of D-Wave’s quantum processing units (QPUs) in the Leap™ real-time quantum cloud service. The fast-anneal feature has been a key part of D-Wave’s research milestones, including work published in Nature Physics (2022) and Nature (2023), demonstrating the advantages of annealing quantum computing over classical algorithms for solving complex optimization problems. 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. By offering extended control for notably faster annealing times than previously available, the feature paves the way for customers to reproduce and build on D-Wave’s landmark optimization results using full-scale coherent annealing quantum computing available through D-Wave's Advantage™ systems and the Advantage2™ prototype, the company’s most performant system to date. Growing customer demand for D-Wave’s latest annealing quantum computing technology is clear from the usage of the two next-generation Advantage2 experimental prototypes, which together have solved nearly eight million customer problems since they were made available in 2022 and 2024. The fast-anneal feature is anticipated to draw attention from commercial and academic researchers eager to build applications, expand benchmarking studies, and connect increased coherence to better performance. Reported Earnings • Mar 30
Full year 2023 earnings released: US$0.60 loss per share (vs US$0.43 loss in FY 2022) Full year 2023 results: US$0.60 loss per share (further deteriorated from US$0.43 loss in FY 2022). Revenue: US$8.76m (up 22% from FY 2022). Net loss: US$82.7m (loss widened 61% from FY 2022). Revenue is forecast to grow 70% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Software industry in Germany. Aankondiging • Mar 15
D-Wave Quantum Inc. to Report Q4, 2023 Results on Mar 28, 2024 D-Wave Quantum Inc. announced that they will report Q4, 2023 results Pre-Market on Mar 28, 2024 Aankondiging • Feb 19
NEC and D-Wave Introduce New Quantum Offerings to Australian Market NEC Australia and D-Wave Quantum Inc., are partnering to release two new quantum services to the Australian market, further enhancing their quantum computing offering and options for Australia’s commercial sector, federal and state governments, and academia. Optimizing business operations exponentially faster than ‘traditional’ computers, quantum technology services from NEC Australia and D-Wave are able to navigate increasingly large datasets to find solutions to real-world problems, including logistics and supply chain management, emergency response, financial risk modelling and drug discovery. The joint service offering includes: Quantum Consultancy Service: Through refined engagement and delivery methodology, NEC Australia and D-Wave develop and test quantum solutions to help address customers’ complex challenges using Proof of Concepts (POCs). Quantum solutions can then be seamlessly migrated into practical business applications. Leap™ Quantum Cloud Service: This offering provides customers with access to the D-Wave Leap real-time quantum cloud service, enabling them to perform their own research whilst tapping into the cutting-edge capabilities of quantum computing. The Quantum Consulting Service, powered by D-Wave’s skilled quantum data scientists, provides hands-on support to help customers understand and transform their complex business problems into optimized technical solutions for efficient and cost-effective implementation. From improving the mobilization of resources and response times during natural disasters and national emergencies, to improving the efficiency of cargo transfers at busy ports by up to 60%, the quantum services from NEC Australia and D-Wave can harness the computational power of quantum to solve real-world problems and deliver better outcomes for businesses, governments, and citizens. The Leap quantum cloud service delivers immediate, real-time access to D-Wave’s Advantage™ quantum computers and quantum-hybrid solvers, offering enterprise-class performance and scalability. The portfolio of hybrid solvers enables enterprises to address a myriad of business problems, varying in size and complexity. Ayala Domani, Vice President – Technology & Innovation at NEC Australia, said quantum computing has matured rapidly and will provide Australian governments and businesses with a competitive edge. Closely aligned with and supporting the federal government’s National Quantum Strategy, NEC Australia is committed to helping grow the quantum industry in Australia by developing world-class quantum-based solutions and services for the local market. Drawing on NEC Australia's 50 years of expertise delivering complex technical solutions to Australian government agencies and businesses, and D-Wave's 20+ years of global leadership in quantum computing solutions, they have delivered successful local quantum applications together since 2021. United by a shared vision, NEC Australia and D-Wave believe in the transformative potential of quantum computing to elevate economic prospects and opportunities for all Australians. NEC and D-Wave will be jointly speaking at Quantum Australia 2024 in Sydney from 20-22 February on their shared vision for a brighter future using quantum computing. Aankondiging • Feb 12
D-Wave Announces Availability of 1,200+ Qubit Advantage2 Prototype in the Leap Quantum Cloud Service, Making its Most Performant System Available to Customers D-Wave Quantum Inc. announced that the 1,200+ qubit Advantage2 prototype is now available via the company's Leap real-time quantum cloud service. Customers who have Leap service subscriptions can access the new Advantage2 prototype, and those new to the Leap service can sign up and get up to one minute of free use of the actual quantum processing units (QPUs) and quantum hybrid solvers, including the new Advantage2 prototype. Developed with a new lower-noise, multilayer superconducting integrated-circuit fabrication stack, the new Advantage2 prototype demonstrates significant performance gains on hard optimization problems and is expected to be particularly powerful for new use cases such as machine learning. Announced earlier this year, the new Advantage2 prototype features 1,200+ qubits and 10,000+ couplers, double the number of qubits and couplers over the previously released Advantage2 prototype. Benchmarks demonstrate substantial advancements across a number of performance metrics compared to the Advantage quantum processing unit (QPU), including: Qubit connectivity: increased from 15 to 20-way connectivity to enable solutions to larger problems; Energy scale: increased by more than 40% to deliver higher-quality solutions; Qubit coherence time: doubled, which will drive faster time-to-s solution. The previously released Advantage2 experimental prototype has been heavily used by customers, solving more than three million problems since it was made available in 2022, a testament to the demand for D-Wave's evolving technology. Aankondiging • Jan 23
D-Wave Quantum Inc. Announces 1,200+ Qubit Advantage2™ Prototype in New, Lower-Noise Fabrication Stack, Demonstrating 20X Faster Time-To-Solution on Important Class of Hard Optimization Problems D-Wave Quantum Inc. announced it has calibrated a 1,200+ qubit Advantage2 prototype, which will soon be available in the company's Leap real-time quantum cloud service. Developed with a new lower-noise, multilayer superconducting integrated-circuit fabrication stack, the new Advantage2 prototype demonstrates significant performance gains on hard optimization problems and is expected to be particularly powerful for new use cases such as machine learning. The new Advantage2 prototype features 1,200+ qubits and 10,000+ couplers, double the number of qubits and couplers over the previously released Advantage2 prototype. Benchmarks demonstrate substantial advancements across a number of performance metrics compared to the Advantage quantum processing unit (QPU), including:ubit connectivity: increased from 15 to 20-way connectivity to enable solutions to larger problems; Energy scale: increased by more than 40% to deliver higher-quality solutions; and coherence time: doubled, which will drive faster time-to-s solution. The new Advantage2 prototype is 20 times faster at solving spin glasses, an important family of classically hard optimization problems. Recent research has shown that compared to the Advantage system, the Advantage2 prototype grows quantum correlations twice as fast in materials simulation and shows significantly reduced errors in quantum simulation tasks. Further, it shows improved performance on constraint satisfaction problems, with the Advantage2 prototype beating the Advantage system 90% of the time. In November 2023, D-Wave announced important research results that demonstrate successful Quantum Error Mitigation (QEM) in the Advantage2 prototype. The techniques reduce errors in quantum simulations, producing results consistent with the quantum system maintaining its quantum state ("coherence") for an order of magnitude longer time than an unmitigated system. These techniques are expected to drive performance advancements in the forthcoming Advantage2 system and future processors. The full Advantage2 system will mark the company's sixth-generation quantum system. It is expected to feature 7,000 qubits with a new qubit design, enabling 20-way connectivity between qubits in a new topology. Aankondiging • Jan 17
D-Wave Quantum Inc. Appoints Kirstjen Nielsen to Its Board of Directors D-Wave Quantum Inc. announced the addition of Kirstjen Nielsen, former Secretary of the U.S. Department of Homeland Security, to its board of directors. Secretary Nielsen joins D-Wave as the company continues to drive increasing enterprise and government adoption of quantum technology. Secretary Nielsen is an internationally recognized expert and proven leader on security issues critical to the United States of America’s highest priorities, including enterprise risk, resiliency, cybersecurity, and emerging threats. She is steeped in emerging technology policy, including artificial intelligence (AI) and quantum, and has advised technology companies — from start-ups to Fortune 100 corporations. Her breadth of experience stands at the crossroads of policy, strategy, and operations, providing her with a unique perspective across complex enterprise environments, and influencing her position on the importance of stakeholder engagement. Her extensive history of working with governments to utilize emerging technologies as a force multiplier is important for today’s quantum computing, as it has advanced to a stage of tackling real-world problems. Beyond her work with the Department of Homeland Security, Secretary Nielsen has held a variety of domestic and international government roles, including serving on the White House Homeland Security Council, helping create and run the then new TSA, and leading the World Economic Forum’s Global Agenda Council on Risk and Resilience. In addition, Secretary Nielsen is a Member of the State Bar of Texas, holds a B.S. in foreign service from Georgetown University and a J.D. from the University of Virginia’s School of Law, and has practiced transactional law. Aankondiging • Nov 15
D-Wave Demonstrates Error Mitigation on the Advantage2™ Prototype, Extending Coherent Annealing Range by an Order of Magnitude D-Wave Quantum Inc. announced important research results that demonstrate successful Quantum Error Mitigation (QEM) in its Advantage2 annealing quantum computing experimental prototype. The techniques reduce errors in quantum simulations, producing results consistent with the quantum system maintaining its quantum state for an order of magnitude longer time than an unmitigated system. These techniques are expected to drive performance advancements in the forthcoming Advantage2 system and future processors. Quantum computation can be hampered by environmental noise and hardware imperfections, known as “errors.” While Quantum Error Correction is widely acknowledged by the industry as the ultimate solution for eliminating the impact of these errors, it comes with significant overhead, making it impractical with the current state of technology. QEM has emerged as a near-term solution for estimating error-free expectation values in the presence of small noise. This research marks D-Wave's first experimental demonstration of Zero-Noise Extrapolation (ZNE), one of the most practical QEM techniques, within its annealing quantum computing systems. It offers valuable insights into the performance of more coherent systems and assists in determining design specifications for next-generation processors. Further, these results could prove beneficial for helping customers tackle highly computationally complex problems in scientific-related and machine learning applications. Aankondiging • Nov 10
D-Wave Quantum Inc. Provides Revenue Guidance for Fiscal Year 2023 D-Wave Quantum Inc. provided revenue guidance for Fiscal Year 2023. For the period, company expect revenue to be in a range of $10 million to $11.5 million. Reported Earnings • Nov 10
Third quarter 2023 earnings released: US$0.12 loss per share (vs US$0.11 loss in 3Q 2022) Third quarter 2023 results: US$0.12 loss per share (further deteriorated from US$0.11 loss in 3Q 2022). Revenue: US$2.56m (up 51% from 3Q 2022). Net loss: US$15.8m (loss widened 19% from 3Q 2022). Revenue is forecast to grow 73% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Software industry in Germany. New Risk • Oct 26
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €93.9m (US$98.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$53m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-US$28m). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$65m net loss in 3 years). Shareholders have been diluted in the past year (32% increase in shares outstanding). Market cap is less than US$100m (€93.9m market cap, or US$98.9m). Aankondiging • Oct 19
D-Wave Quantum Inc. Launches New Open-Source Demonstration Highlighting how its Advantage Annealing Quantum Computing System can be Used to Tackle Wireless Channel Decoding D-Wave Quantum Inc. launched a new open-source demonstration highlighting how its Advantage™ annealing quantum computing system can be used to tackle wireless channel decoding. The demo, available now in the Leap™ real-time quantum cloud service, identifies solutions for increasing transmission capacity for wireless and cellular networks using coordinated multipoint decoding. This new application demonstrates how D-Wave’s annealing quantum processing unit (QPU) can improve transmission performance (reduced transmission errors), particularly in dense urban areas characterized by high noise (low signal-to-noise ratios) and load (large numbers of cellphones per base station). This example is the latest of D-Wave’s demonstrations of the practical applicability of its quantum and quantum-classical hybrid solutions. Recently, D-Wave announced work with LG U+, the Korea Advanced Institute of Science and Technology (KAIST) and Qunova Computing to propel the development of a 6G low-earth-orbit satellite network, through connectivity of ground-to-satellite links (SGLs) and inter-satellite-links (ISLs). Other telecom-related applications that can benefit from D-Wave’s quantum technologies include: employee scheduling for workforce resource management, network design and expansion planning, call center routing, scheduling and routing of service vehicles, and more. Board Change • Sep 15
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Ziv Ehrenfeld was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Sep 12
D-Wave Quantum Inc. Announces Board Changes On September 4, 2023, Michael Rogers provided his resignation letter to the board of directors of D-Wave Quantum Inc. resigning as a director of the Company, effective September 4, 2023. Aankondiging • Aug 23
D-Wave Quantum Inc. Announces Update to its Constrained Quadratic Model Hybrid Solver in its Leap Quantum Cloud Service D-Wave Quantum Inc. announced an update to its Constrained Quadratic Model (CQM) hybrid solver in its Leap™ quantum cloud service. D-Wave has introduced algorithmic updates to its CQM solver that deliver increased performance for existing binary problem classes, which can include offer allocation, portfolio optimization, and satisfiability. Optimization problems are ubiquitous in enterprise, and current quantum-hybrid technologies can help developers tackle these quadratic problems to find better solutions. To benchmark the performance enhancements made to the updated hybrid solver, D-Wave tested 2,045 binary quadratic problems, with the new CQM solver winning 80% of the problems, compared to 71.1% and 62.6% of previous versions. Aankondiging • Aug 11
D-Wave Quantum Inc. Provides Earnings Guidance for the Fiscal Year 2023 D-Wave Quantum Inc. provided earnings guidance for the fiscal year 2023. For the year, the company expected revenue to be in the range of $11 million to $13 million. Reported Earnings • Aug 11
Second quarter 2023 earnings released: US$0.20 loss per share (vs US$0.12 loss in 2Q 2022) Second quarter 2023 results: US$0.20 loss per share (further deteriorated from US$0.12 loss in 2Q 2022). Revenue: US$1.71m (up 25% from 2Q 2022). Net loss: US$25.9m (loss widened 96% from 2Q 2022). Revenue is forecast to grow 67% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Software industry in Germany. Board Change • Aug 10
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Ziv Ehrenfeld was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Aug 03
D-Wave Quantum Inc. to Report Q2, 2023 Results on Aug 10, 2023 D-Wave Quantum Inc. announced that they will report Q2, 2023 results Pre-Market on Aug 10, 2023 Aankondiging • Jul 23
D-Wave Quantum Inc. Provides Revenue Guidance for the Full Year of Fiscal Year 2023 D-Wave Quantum Inc. provided revenue guidance for the full year of fiscal year 2023. For the year, Revenue is expected to be in a range of to be in a range of $11 million to $13 million. Aankondiging • May 20
D-Wave Quantum Inc. Reiterates Revenue Guidance for the Full Year 2023 D-Wave Quantum Inc. reiterated revenue guidance for the second quarter and full year of fiscal year 2023. For the quarter, revenue is expected to increase sequentially in the second quarter from the first quarter.For the year, Revenue is expected to be in a range of $12 million to $13 million representing growth of 67% to 80% over the fiscal 2022 revenue. Aankondiging • May 12
D-Wave Quantum Inc. to Report Q1, 2023 Results on May 19, 2023 D-Wave Quantum Inc. announced that they will report Q1, 2023 results Pre-Market on May 19, 2023 Aankondiging • May 11
D-Wave Quantum Inc. announced delayed 10-Q filing On 05/10/2023, D-Wave Quantum Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Board Change • May 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Ziv Ehrenfeld was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 16
Full year 2022 earnings released: US$0.43 loss per share (vs US$9.96 loss in FY 2021) Full year 2022 results: US$0.43 loss per share. Revenue: US$7.17m (up 14% from FY 2021). Net loss: US$51.5m (loss widened 63% from FY 2021). Revenue is forecast to grow 66% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Software industry in Germany. Aankondiging • Feb 17
D-Wave Quantum Inc. Announces Broad Feature Selection Initiative to Accelerate AI/ML Workflows, Expansion of Quantum Cloud Service to Israel D-Wave Quantum Inc. announced a series of product and business updates, demonstrating continued progress and momentum of its leadership in driving the commercialization of quantum computing. Feature Selection Offerings Address Key Machine Learning Problem Sets As global enterprises increasingly incorporate AI as a fundamental technology component, feature selection -- a key building block of machine learning -- is emerging as a critical area of focus that applies to multiple industry sectors. D-Wave announced plans to build out its feature selection market offerings, which will span D-Wave's quantum hybrid solvers and professional services, in order to apply the company's systems and services to address the growing need for finding efficient solutions to the most difficult business problems. 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. It is a critical component of machine learning and yet represents a problem that is very difficult to solve with classical computers. The D-Wave offering is uniquely suited to perform feature selection by constructing and solving a combinatorial optimization problem. Compared to classical alternatives like recursive feature elimination, this approach provides a "one-shot" solution. It avoids potential costly cycles of iterative model training and incremental construction of the solution while generally delivering improved model accuracy and easier interpretation. Based on promising work with a number of D-Wave customers, the feature selection offering is showing early results in areas like fraud detection and TV commercial advertising optimization. Customers can currently access D-Wave's feature selection offering directly from D-Wave or in AWS Marketplace. Leap Real-Time Quantum Cloud Service Soon Available in Israel Extending its global accessibility and reach, D-Wave also announced it will soon open up availability of the Leap(TM) quantum cloud service in Israel. Businesses, developers, and researchers in Israel will soon be able to access D-Wave's Advantage(TM) quantum computer, hybrid quantum/classical solvers, and the integrated developer environment (IDE) in real-time via Leap to drive the development of business-critical, in-production hybrid applications. In addition to access, Leap offers free developer plans, teaching and learning tools, code samples, an integrated development environment, demos, and a quantum community to help users get started building and deploying quantum applications. On March 8(th), Leap will be available in 39 countries globally, including Israel, and will be accessible directly from D-Wave or in AWS Marketplace. In addition to the global expansion of Leap, D-Wave announced a series of initiatives designed to enhance its production- and commercial-readiness, including SOC 2 Type 2 compliance. Board Change • Feb 06
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. 1 highly experienced director. No independent directors (7 non-independent directors). Chairman of the Board Steve West was the last director to join the board, commencing their role in 2009. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.