D-Wave Quantum Inc. (QBTS)

Market Cap	172.85M
Revenue (ttm)	8.76M
Net Income (ttm)	-82.72M
Shares Out	116.79M
EPS (ttm)	-0.60
PE Ratio	n/a
Forward PE	n/a
Dividend	n/a
Ex-Dividend Date	n/a

Volume	2,188,566
Open	1.460
Previous Close	1.520
Day's Range	1.440 - 1.530
52-Week Range	0.396 - 3.200
Beta	0.89
Analysts	Strong Buy
Price Target	2.80 (+89.19%)
Earnings Date	May 17, 2024

About QBTS

D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a quantum computer; Ocean, a suite of open-source python tools; and Leap, a cloud-based service that provides real-time access to a live quantum computer, as well as access to Advantage, hybrid solvers, the Ocean software development kit, live code, demos, learning resources, and a developer community. It provides D-Wave Launch, a quantum professional service that guides enterprises from problem discovery through ...

• Industry: Computer Hardware
• Sector: Technology
• Founded: 1999
• Employees: 200
• Stock Exchange: NYSE
• Ticker Symbol: QBTS

Financial Performance

In 2023, D-Wave Quantum's revenue was $8.76 million, an increase of 22.10% compared to the previous year's $7.17 million. Losses were -$82.72 million, 54.0% more than in 2022.

Analyst Forecast

According to 5 analysts, the average rating for QBTS stock is "Strong Buy." The 12-month stock price forecast is $2.8, which is an increase of 89.19% from the latest price.

Price Target

$2.8

(89.19% upside)

Analyst Consensus: Strong Buy