Financial Snapshot

Revenue
$10.12M
TTM
Gross Margin
64.56%
TTM
Net Earnings
-$66.91M
TTM
Current Assets
Q2 2024
Current Liabilities
Q2 2024
Current Ratio
109.23%
Q2 2024
Total Assets
Q2 2024
Total Liabilities
Q2 2024
Book Value
-$21.51M
Q2 2024
Cash
Q2 2024
P/E
-2.907
Sep 18, 2024 EST
Free Cash Flow
-$59.49M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020
Revenue $8.758M $7.173M $0.00 $0.00
YoY Change 22.1%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020
Revenue $8.758M $7.173M $0.00 $0.00
Cost Of Revenue $4.136M $2.923M $1.750M $915.0K
Gross Profit $4.622M $4.250M $4.529M $4.245M
Gross Profit Margin 52.77% 59.25%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020
Selling, General & Admin $47.29M $31.61M $18.34M $15.57M
YoY Change 49.62% 72.3% 17.82%
% of Gross Profit 1023.15% 743.69% 405.03% 366.76%
Research & Development $37.88M $32.10M $25.13M $20.14M
YoY Change 18.0% 27.72% 24.77%
% of Gross Profit 819.52% 755.32% 554.93% 474.51%
Depreciation & Amortization $1.054M $1.423M $1.534M $1.886M
YoY Change -25.93% -7.24% -18.66%
% of Gross Profit 22.8% 33.48% 33.87% 44.43%
Operating Expenses $85.17M $63.71M $3.782M $343.2K
YoY Change 33.68% 1584.67% 1001.84%
Operating Profit -$80.55M -$59.46M $747.4K $3.902M
YoY Change 35.47% -8055.74% -80.85%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020
Interest Expense -$37.00K $4.633M $124.9K $58.48K
YoY Change -100.8% 3610.85% 113.49%
% of Operating Profit 16.71% 1.5%
Other Income/Expense, Net -$2.132M $7.929M $27.91M -$27.12M
YoY Change -126.89% -71.59% -202.92%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020
Pretax Income -$82.72M -$51.53M $24.26M -$27.41M
YoY Change 60.52% -312.44% -188.5%
Income Tax -$771.0K
% Of Pretax Income -3.18%
Net Earnings -$82.72M -$51.50M $24.25M -$27.41M
YoY Change 60.61% -312.41% -188.47%
Net Earnings / Revenue -944.45% -717.97%
Basic Earnings Per Share -$0.60 -$0.43 -$0.25 -$0.08
Diluted Earnings Per Share -$0.60 -$0.43 $646.5K -$764.7K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020
Cash & Short-Term Investments $41.31M $7.065M $124.7K $1.085M
YoY Change 484.67% 5564.69% -88.5%
Cash & Equivalents $9.483M $21.34M
Short-Term Investments
Other Short-Term Assets $1.923M $3.643M $176.2K $389.4K
YoY Change -47.21% 1967.3% -54.75%
Inventory $2.078M $2.196M $2.114M $2.521M
Prepaid Expenses
Receivables $1.652M $1.021M $5.195M $16.18M
Other Receivables $86.00K $0.00 $0.00 $0.00
Total Short-Term Assets $47.05M $13.93M $300.9K $1.474M
YoY Change 237.85% 4527.17% -79.58%
Property, Plant & Equipment $10.77M $11.43M $11.83M $5.842M
YoY Change -5.71% -3.38% 102.45%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.168M $1.168M $300.2M $300.1M
YoY Change 0.0% -99.61% 0.04%
Other Assets $189.0K $183.0K $184.0K $182.0K
YoY Change 3.28% -0.54% 1.1%
Total Long-Term Assets $12.31M $13.02M $300.2M $300.1M
YoY Change -5.47% -95.66% 0.04%
Total Assets $59.36M $26.95M $300.5M $301.5M
YoY Change
Accounts Payable $6.808M $6.215M $2.109M $2.176M
YoY Change 9.54% 194.69% -3.08%
Accrued Expenses $6.672M $5.716M $5.241M $270.1K
YoY Change 16.72% 9.06% 1840.75%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $420.0K $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $399.0K $1.671M $259.0K $355.0K
YoY Change -76.12% 545.17% -27.04%
Total Short-Term Liabilities $11.25M $15.85M $2.889M $49.47M
YoY Change -29.01% 448.54% -94.16%
Long-Term Debt $63.85M $7.811M $0.00 $0.00
YoY Change 717.44%
Other Long-Term Liabilities $8.737M $9.202M $21.29M $1.440M
YoY Change -5.05% -56.77% 1378.29%
Total Long-Term Liabilities $72.59M $17.01M $21.29M $0.00
YoY Change 326.66% -20.08%
Total Liabilities $83.84M $32.86M $24.18M $49.47M
YoY Change 155.13% 35.92% -51.13%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020
Basic Shares Outstanding 138.0M shares 119.6M shares 125.3M shares 127.2M shares
Diluted Shares Outstanding 138.0M shares 119.6M shares 125.3M shares 127.2M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Dividends

Dividends

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Stock Price

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Market Cap: $194.5 Million

About D-Wave Quantum Inc

D-Wave Quantum, Inc. engages in the development and delivery of quantum computing systems, software, and services. The company is headquartered in Burnaby, British Columbia and currently employs 200 full-time employees. The company went IPO on 2020-10-11. The firm builds and delivers the systems, cloud services, application development tools, and professional services to support the end-to-end quantum computing journey for enterprises and developers. The firm's products include The Leap and The Advantage. The Leap quantum cloud service delivers immediate, real-time access to its Advantage quantum computer and quantum hybrid solver services. The Advantage quantum system is a quantum computer built for business. The company also provides quantum applications to a range of customer including, scheduling, mobility, logistics, drug discovery, portfolio optimization, manufacturing processes, and others. The Company’s systems used by advanced organizations, including Volkswagen, Pattison Food Group, DENSO, Toyota, BBVA, NEC, Interpublic Group, and Lockheed Martin.

Industry: Services-Computer Processing & Data Preparation Peers: Sphere 3D Corp