D-Wave Quantum sees Q4 bookings at least $18M

In addition to the system sale, the company disclosed that Q4 bookings will be at least $18M, an increase of approximately 500% over prior year fiscal 2023 Q4 bookings of $3M. The company ended fiscal year 2024 with a record cash position of approximately $178 million in cash. “We believe it is evident that the world is quickly recognizing the near-term usefulness and value of D-Wave’s quantum systems,” said Alan Baratz, CEO of D-Wave. “With remarkable growth in bookings, our first Advantage system sale and an increasing number of customer applications moving into production, in our view, D-Wave is clearly driving the commercialization of quantum computing. While others remain in the research and development mode, we are delivering incredibly powerful technology and products to customers today, helping them tackle their tough computational problems faster, better and with less energy.”