QBTS Earnings Prediction
The chart below shows how QBTS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, QBTS sees a +14.95% change in stock price 10 days leading up to the earnings, and a +32.89% change 10 days following the report. On the earnings day itself, the stock moves by -6.86%. This data can give you a slight idea of what to expect for the next quarter's release.
QBTS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.87M
-27.01%
-14.34%
Gross Margin
55.78%
-6.53%
-12.27%
Operating Margin
-1103.53%
53.60%
27.87%
Net Margin
-1214.55%
93.20%
49.14%
EPS
-0.11
-8.33%
10.00%
No Data Available
QBTS Earnings Analysis
D-Wave Quantum Inc. Corporation (QBTS.N) Earnings Conference Call
Positive
Quantum Computing Leadership: D-Wave's 5,000 qubit Advantage quantum computer is the largest and most powerful quantum computer in the world, driving commercial adoption of quantum technology.
Quantum Processor Calibration: The calibration of the 4,400 qubit Advantage 2 processor represents a significant step towards the commercial release of Advantage 2, which is the sixth generation annual quantum computer.
Service Reliability Excellence: D-Wave's Leap service has consistently exceeded 99.9% availability over the past two years, indicating high reliability even during periods of high demand.
Quarterly Revenue Analysis: Revenue for the third quarter of fiscal 2024 totaled $1.9 million, a decrease of approximately $700,000 or 27% from the third quarter of fiscal '23 revenue of $2.6 million, but QCaAS revenue for the third quarter was $1.6 million, an increase of $500,000 or 41% from the fiscal '23 third quarter QCaAS revenue of $1.1 million.
Quarterly Bookings Achievement: Bookings for the third quarter totaled $2.3 million, representing the second highest quarterly bookings over the last three years.
Negative
Q3 Revenue Decline: Revenue in the third quarter of fiscal 2024 totaled $1.9 million, a decrease of approximately $700,000 or 27% from the third quarter of fiscal '23 revenue of $2.6 million.
Quarterly Net Loss Comparison: Net loss for the third quarter was $22.7 million or $0.11 per share compared with a net loss of $16.1 million or $0.12 per share in the fiscal 2023 third quarter.
EBITDA Loss Increase: The adjusted EBITDA loss for the third quarter was $13.8 million, an increase of $2.2 million or 19% compared with the adjusted EBITDA loss of $11.6 million in the fiscal 2023 third quarter.
Quarterly Bookings Decline: Bookings for the third quarter totaled $2.3 million, a decrease of $600,000 or 22% when compared to the third quarter of 2023 bookings of $2.9 million.
Gross Profit Decline: The GAAP gross profit for the third quarter was $1 million, a decrease of $500,000 or 32% from the fiscal 2023 third quarter gross profit of $1.5 million.
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QBTS Earning Call Sentiment
D-Wave Quantum (QBTS) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
QBTS.N
1.14%Positive
The earnings call showed mixed signals. Positive aspects include the partnership with Zapata AI and increased QCaaS revenue. However, declining bookings, gross profit, and increased losses are concerning. The Q&A revealed uncertainties in production timelines and government interest, but no immediate risks. The optimistic guidance and increased gross margin suggest potential improvement, but the lack of a clear timeline and declining bookings balance the sentiment to neutral.