D-Wave Quantum reported Q3 2024 financial results, with QCaaS revenue up 41% YoY to $1.6M. Total revenue was $1.9M, down 27% YoY due to timing of professional services engagements. YTD revenue increased 11% to $6.5M, with GAAP gross profit up 54% to $4.1M.The company made significant progress on its Advantage2 quantum computer, completing calibration of a 4,400+ qubit prototype. D-Wave introduced SLAs for its Leap cloud service and expanded partnerships to accelerate commercial adoption. NTT DOCOMO plans to deploy D-Wave's technology for optimizing mobile networks.D-Wave ended Q3 with $29.3M in cash. The company reiterated its FY2024 guidance for Adjusted EBITDA loss to be less than FY2023's $54.3M loss. For Q4, D-Wave expects revenue and bookings to improve sequentially.

D-Wave Quantum reported Q3 2024 financial results, with QCaaS revenue up 41% YoY to $1.6M. Total revenue was $1.9M, down 27% YoY due to timing of professional services engagements. YTD revenue increased 11% to $6.5M, with GAAP gross profit up 54% to $4.1M.The company made significant progress on its Advantage2 quantum computer, completing calibration of a 4,400+ qubit prototype. D-Wave introduced SLAs for its Leap cloud service and expanded partnerships to accelerate commercial adoption. NTT DOCOMO plans to deploy D-Wave's technology for optimizing mobile networks.D-Wave ended Q3 with $29.3M in cash. The company reiterated its FY2024 guidance for Adjusted EBITDA loss to be less than FY2023's $54.3M loss. For Q4, D-Wave expects revenue and bookings to improve sequentially.