D-Wave Quantum Reports Q3 Revenue Beat Amidst Slight EPS Miss
D-Wave Quantum (QBTS) reported third-quarter financial results characterized by a revenue beat and year-over-year growth. The company posted revenue of $4.51 million, representing a 20.6% increase compared to the same period last year. This performance exceeded analyst expectations by approximately $0.17 million. The company's earnings per share (EPS) came in at -$0.13, missing consensus estimates by $0.01. Growth was driven significantly by a $1.5 million increase in professional services revenue alongside contributions from its Quantum Computing as a Service (QCaaS) segment.
Tickers: $QBTS
Topics: earnings miss GAAP EPS QCaaS quantum computing revenue beat