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Investing.com -- D-Wave Quantum Inc. reported second quarter earnings per share of ($0.13), missing the analyst estimate of ($0.09) by $0.04. Revenue for the quarter reached $3.07 million, below the consensus estimate of $4.03 million.
D-Wave reported a bigger-than-expected Q2 loss while flat revenue fell short as investors focus on commercial growth.
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.
The quantum computing company raises its full-year revenue guidance on the heels of its latest quarter.
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