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

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).

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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