The company reported a narrower loss than expected, while revenue missed Wall Street consensus estimates.
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Quantum Computing stock soared on better than expected revenue.
Bookings surged to $33.4 million in the first quarter, up from $1.6 million a year earlier, driven by a $20 million university system sale
D-Wave Quantum's Q1 loss is narrower than estimates. The company posts record bookings despite a revenue miss, as it expands commercial adoption and quantum initiatives.
D-Wave reported a smaller-than-expected Q1 loss while revenue missed views as investors focus on the commercial growth of quantum computing stocks.
Shares of Quantum Computing Inc. fell 38% last year, but first-quarter earnings mark a shift in investor sentiment.
Shares of Quantum Computing Inc. fell 38% last year, but first-quarter earnings mark a shift in investor sentiment.
The quantum computing company raises its full-year revenue guidance on the heels of its latest quarter.