D-Wave Quantum Inc. Files 8-K on Financials

TL;DR

DWAVE filed an 8-K on Jan 10 detailing financials. Check it out.

AI Summary

D-Wave Quantum Inc. filed an 8-K on January 10, 2025, reporting on its results of operations and financial condition. The filing includes financial statements and exhibits, with the company's principal executive offices located in Palo Alto, California.

Why It Matters

This filing provides investors with crucial updates on D-Wave Quantum's financial performance and operational status, impacting investment decisions.

Risk Assessment

Risk Level: low — This is a routine financial filing (8-K) with no immediate indication of significant negative events.

Key Players & Entities

• D-Wave Quantum Inc. (company) — Registrant
• January 10, 2025 (date) — Date of earliest event reported
• Palo Alto, California (location) — Address of principal executive offices
• Delaware (location) — State of incorporation

FAQ

Key Financial Figures

• $0.0001 — ich registered Common stock, par value $0.0001 per share QBTS New York Stock Exchange
• $11.50 — of common stock at an exercise price of $11.50 QBTS.WT New York Stock Exchange Indic
• $18 m — iscal 2024 Q4 bookings will be at least $18 million, an increase of approximately 500
• $3 million — r prior year fiscal 2023 Q4 bookings of $3 million. Also, the company disclosed that it en
• $23 m — ear 2024 with bookings that will exceed $23 million, an increase of approximately 120
• $178 million — a record cash position of approximately $178 million in cash. A copy of the press release is

Filing Documents

• qbts-20250110.htm (8-K) — 31KB
• exh991bookingrelease.htm (EX-99.1) — 10KB
• 0001907982-25-000002.txt ( ) — 208KB
• qbts-20250110.xsd (EX-101.SCH) — 2KB
• qbts-20250110_def.xml (EX-101.DEF) — 15KB
• qbts-20250110_lab.xml (EX-101.LAB) — 27KB
• qbts-20250110_pre.xml (EX-101.PRE) — 16KB
• qbts-20250110_htm.xml (XML) — 4KB

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. On January 10, 2025, D-Wave Quantum Inc. issued a press release announcing booking results for the 2024 fiscal year and fourth quarter and the cash position at the 2024 year end. In addition to a system sale, the company today disclosed that fiscal 2024 Q4 bookings will be at least $18 million, an increase of approximately 500% over prior year fiscal 2023 Q4 bookings of $3 million. Also, the company disclosed that it ended fiscal year 2024 with bookings that will exceed $23 million, an increase of approximately 120% over fiscal year 2023 bookings, and a record cash position of approximately $178 million in cash. A copy of the press release is furnished herewith as Exhibit 99.1. The information contained in this Item 2.02 to this Current Report on Form 8-K and in the accompanying exhibit is intended to be "furnished" and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits . (d) Exhibits Exhibit No. Description 99.1 Press release, dated January 10, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 10, 2025 D-Wave Quantum Inc. By: /s/ Alan Baratz Name: Alan Baratz Title: President & Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR