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 +10.64% change in stock price 10 days leading up to the earnings, and a +30.86% change 10 days following the report. On the earnings day itself, the stock moves by -3.66%. 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
2.31M
-20.54%
23.48%
Gross Margin
63.79%
-5.76%
14.36%
Operating Margin
-876.22%
53.93%
-20.60%
Net Margin
--
--
--
EPS
-0.37
-270.00%
236.36%
No Data Available
QBTS Earnings Analysis
D-Wave Quantum Inc Corporation (QBTS.N) Earnings Conference Call
Positive
Earnings Surprise Report: D-Wave Quantum Inc. beats earnings expectations with reported EPS of $-0.06, exceeding expectations of $-0.09.
Record Quarterly Bookings: D-Wave achieved record quarterly bookings of $18.3 million in Q4 2024, a 502% increase over Q4 2023.
Cash Reserves for Profitability: The company has over $300 million in cash on hand, which is expected to support sustained profitability.
Quantum Supremacy Achievement: D-Wave is the first company to demonstrate quantum supremacy on a real-world problem, significantly outperforming classical computing.
Processor Performance Improvements: The Advantage 2 processor shows significant performance gains, including doubled qubit coherence time and increased qubit connectivity.
First Advantage System Sale: D-Wave sold its first Advantage system to the Jülich supercomputing center, marking a profitable sale and strong commercial momentum.
Customer Base Expansion: The company is expanding its customer base, with 135 customers in fiscal 2024, including 28 Forbes Global 2000 customers.
Gross Profit Increase: GAAP gross profit for fiscal 2024 increased by 20% to $5.6 million, driven by higher margin QCaaS revenue.
Quantum Technology Adoption: D-Wave's Leap Quantum LaunchPad program aims to accelerate adoption of quantum technology among organizations.
Leadership Team Expansion: The company continues to build its leadership team, adding Sharon Holt to the board of directors.
Negative
Increased Net Loss: Net loss for fiscal 2024 was $143.9 million, an increase from $82.7 million in fiscal 2023, primarily due to a $68.3 million non-cash charge related to warrant liability re-measurement.
Revenue Stagnation Analysis: Revenue for fiscal 2024 was $8.8 million, flat compared to fiscal 2023, indicating stagnation in revenue growth despite increased bookings.
Revenue Decline Analysis: Fourth quarter revenue decreased by approximately $600,000 or 21% from the previous year, highlighting a decline in sales performance.
Gross Profit Decline: GAAP gross profit for the fourth quarter was $1.5 million, a decrease of 25% from the previous year, indicating challenges in maintaining profitability.
Gross Profit Decline: Non-GAAP gross profit for the fourth quarter also decreased by 28%, reflecting ongoing operational difficulties.
Increased EBITDA Loss: Adjusted EBITDA loss for the fourth quarter increased by 41% to $15.3 million, driven by lower revenue and higher operating expenses, suggesting inefficiencies in cost management.
Net Loss Increase Concerns: The company reported a significant increase in net loss for the fourth quarter to $86.1 million, compared to $16 million in the same quarter last year, raising concerns about financial sustainability.
QBTS FAQs
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QBTS Earning Call Sentiment
D-Wave Quantum Inc. (NYSE:QBTS) Q4 2024 Earnings Call Transcript
QBTS.N
-5.96%Positive
The earnings call summary shows declining gross profit and margins, a significant net loss, and increased adjusted EBITDA loss, indicating financial challenges. The Q&A reveals uncertainty in future revenue guidance and system sales, with management avoiding specifics. While there are positive developments in quantum computing and partnerships, the financial strain and lack of clear guidance overshadow these factors. The stock is likely to react negatively.
