Recent developments show D-Wave's quantum annealing technology is gaining commercial traction, solving complex problems beyond classical computers' capabilities, making it significantly undervalued. The Company's quantum annealer has proven quantum supremacy and commercial viability, with increasing use cases in industries like telecommunications and AI model training. Despite financial challenges and the need for substantial capital, QBTS's first-mover advantage and reliable management team justify a Strong Buy rating.
D-Wave Quantum Inc. (NYSE:QBTS ) Q2 2024 Earnings Call August 8, 2024 8:00 AM ET Company Participants Kevin Hunt - Investor Relations Alan Baratz - Chief Executive Officer John Markovich - Chief Financial Officer Conference Call Participants Craig Ellis - B. Riley Securities Quinn Bolton - Needham Richard Shannon - Craig-Hallum David Williams - Benchmark Suji Desilva - ROTH Capital Harsh Kumar - Piper Sandler Operator Good morning, ladies and gentlemen and welcome to the D-Wave Second Quarter 2024 Earnings Call.
D-Wave Quantum Inc. (QBTS) came out with a quarterly loss of $0.10 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.14 per share a year ago.
D-WAVE QUANTUM (QBTS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.