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An update from D-Wave Quantum ( (QBTS) ) is now available.
On January 23, 2025, D-Wave Quantum Inc. announced the successful completion of its $150 million ‘at-the-market’ equity offering program, with sales completed at an average price per share of $6.10, which was a 3.7% premium over the Volume Weighted Average Price of the stock. The company now holds a cash balance of approximately $320 million, which will be used for working capital and capital expenditures to support ongoing technical development and business operations. This financial move is seen as providing the necessary capital to execute its operating plan towards sustained profitability and positive cash flow, thereby solidifying its position in the quantum computing industry.
More about D-Wave Quantum
D-Wave Quantum Inc. is a leader in the development and delivery of quantum computing systems, software, and services, serving as the world’s first commercial supplier of quantum computers. The company focuses on building both annealing and gate-model quantum computers to unlock the power of quantum computing for businesses and society, with applications in logistics, artificial intelligence, materials sciences, and more. D-Wave’s technology is utilized by notable organizations like Mastercard, Deloitte, and Lockheed Martin.
YTD Price Performance: -34.55%
Average Trading Volume: 64,145,288
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.95B
For an in-depth examination of QBTS stock, go to TipRanks’ Stock Analysis page.
