D-Wave Quantum Inc., a leader in quantum computing systems, software, and services, has announced its financial results for the fourth quarter and year-end 2024. The company saw a significant increase in bookings, reaching $23.9 million for the year ended December 31, 2024, representing a 128% year-over-year growth.
Dr. Alan Baratz, CEO of D-Wave, stated that his company’s quantum technology is helping customers gain competitive advantages and fuel innovations that were previously unimaginable. He added that the mission to help organizations realize the benefits of quantum computing now is unwavering.
D-Wave also announced a record cash balance exceeding $300 million, demonstrating its progress towards achieving its mission. The company’s 5,000+ qubit AdvantageTM quantum computers are available on-premises or via the cloud, supported by 99.9% availability and uptime.
The company’s customers, including over 100 organizations, trust D-Wave with their toughest computational challenges. With over 200 million problems submitted to its Advantage and Advantage2TM systems, D-Wave is shaping the quantum-driven industrial and societal advancements of tomorrow.
Note: This article is for informational purposes only and should not be considered as investment advice. The statements made in this article are forward-looking and involve risks and uncertainties that may cause actual results to differ materially from the information expressed or implied by these statements.
Source: https://finance.yahoo.com/news/ibn-coverage-d-wave-nyse-183451757.html