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

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

Company Generates Q1 2023 Revenue of $1.58 Million

By USInMinutes
Published - Aug 10, 2023, 01:35 PM ET
Last Updated - Aug 10, 2023, 01:36 PM EDT

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

Our Offices
  • 10kInfo, Inc.
    13555 SE 36th St
    Bellevue, WA 98006
  • 10kInfo Data Solutions, Pvt Ltd.
    Claywork Create
    11 km, Arakere Bannerghatta Rd, Omkar Nagar, Arekere,
    Bengaluru, Karnataka 560076
4.2 12182024