D-Wave Quantum Inc. Reports Q1 2023 Net Loss of $24.6 Million

D-Wave Quantum Inc.(QBTS), a pioneering leader in qu antum computing technology, has released its unaudited condensed consolidated financial statements for the first quarter of 2023. The report reveals a net loss of $24.6 million for the quarter, accompanied by a total revenue of $1.58 million.

Net Income/Loss: D-Wave Quantum Inc. Records Q1 2023 Net Loss of $24.6 Million

D-Wave Quantum Inc. encountered a net loss of $24.6 million for the first quarter of 2023. This substantial loss is attributed to a combination of operating expenses, interest expenses, and other financial activities. The net loss per share, both basic and diluted, was reported at $0.20, reflecting the challenging financial landscape the company navigated during the quarter.

Revenue: D-Wave Quantum Inc. Achieves Q1 2023 Revenue of $1.58 Million