D-Wave Quantum Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St

August 13, 2024

D-Wave Quantum (NYSE:QBTS) Second Quarter 2024 Results

Key Financial Results

Revenue: US$2.18m (up 28% from 2Q 2023).
Net loss: US$17.8m (loss narrowed by 32% from 2Q 2023).
US$0.10 loss per share (improved from US$0.21 loss in 2Q 2023).

earnings-and-revenue-growth — NYSE:QBTS Earnings and Revenue Growth August 13th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

D-Wave Quantum EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 23%. Earnings per share (EPS) exceeded analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 50% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are up 2.4% from a week ago.

Risk Analysis

Be aware that D-Wave Quantum is showing 6 warning signs in our investment analysis and 2 of those are potentially serious...

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.