NYSE$QBTS
D-Wave Quantum Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
D-Wave reported first quarter results with revenue up 56% year-over-year and bookings up 54% year-over-year.
D-Wave's first quarter 2024 results showed significant growth, with revenue increasing by 56% and bookings up by 54% compared to the previous year. The company also achieved a 294% increase in gross profit, reflecting growing customer demand and increased operating efficiencies.
- Revenue for the first quarter of fiscal 2024 was $2.5 million, a 56% increase year-over-year.
- Bookings for the first quarter of fiscal 2024 were $4.5 million, a 54% increase year-over-year.
- GAAP gross profit for the first quarter of fiscal 2024 was $1.7 million, a 294% increase year-over-year.
- Net loss for the first quarter of fiscal 2024 was $17.3 million, or $0.11 per share, a decrease from the fiscal 2023 first quarter net loss of $24.4 million, or $0.20 per share.
Headline financials
Revenue & EPS history
D-Wave · Revenue · Quarterly
$2.47M
Forward guidance
D-Wave is reiterating the full year 2024 financial guidance set forth in our March 28, 2024, fiscal 2023 fourth quarter and full year earnings press release.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2024
+7.2%
Avg return
Earnings day
+9.5%
Avg return
5 days after
+27.5%
Avg return
30 days after
48%
10 / 21 earnings
Positive
+67.2%
Q1 2022
Best reaction
-21.6%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -9.8% | -17.7% | -3.0% | |
| Q4 2025 | -0.6% | -7.2% | -29.3% | |
| Q3 2025 | -10.2% | -6.5% | -13.0% | |
| Q1 2025 | +51.6% | +55.7% | +170.2% | |
| Q4 2024 | +18.7% | +85.6% | +24.6% | |
| Q3 2024 | -7.9% | -16.3% | +180.9% | |
| Q2 2024 | +4.0% | +17.0% | +8.6% | |
| Q1 2024 | +7.7% | +0.0% | -10.8% | |
| Q4 2023 | -5.2% | -12.4% | -31.4% | |
| Q3 2023 | -16.0% | -4.4% | +22.4% | |
| Q2 2023 | -14.2% | -11.2% | -46.1% | |
| Q1 2023 | +67.2% | +80.3% | +208.2% | |
| Q1 2022 | +67.2% | +80.3% | +208.2% | |
| Q4 2020 | +21.0% | +12.0% | +12.0% | |
| Q4 2022 | -21.6% | -5.2% | -36.7% | |
| Q3 2021 | +9.1% | +4.0% | -8.3% | |
| Q3 2022 | +9.1% | +4.0% | -8.3% | |
| Q4 2021 | -8.6% | -21.7% | -24.6% | |
| Q2 2021 | -8.6% | -21.7% | -24.6% | |
| Q2 2022 | -3.1% | -16.4% | -22.2% | |
| Q1 2021 | +1.7% | +1.8% | +1.4% |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro