D-Wave Quantum Inc. (NYSE: QBTS) Announces Upcoming Fourth Quarter Financial Results and Conference Call

  • D-Wave will release its financial results for the fourth quarter and fiscal year 2023 before market open on Thursday, March 28, 2024
  • D-Wave will host a conference call on March 28, 2024, at 8:00 a.m. (Eastern Time) to address the company’s financial performance and strategic outlook
  • CEO Alan Baratz and CFO John Markovich will participate in the conference call discussion

D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software, and services, recently announced the scheduled release of its financial results for the fourth quarter and fiscal year 2023, which concluded on December 31, 2023. The release is set for Thursday, March 28, before the market opens. Interested parties can access the press release via the D-Wave Investor Relations website: https://ir.dwavesys.com/.

In conjunction with the disclosure, D-Wave will host a conference call on March 28, 2024, at 8:00 a.m. (Eastern Time) to explain the company’s financial performance and strategic outlook. The live dial-in numbers for the call are 1-800-267-6316 (domestic) or 1-203-518-9783 (international). Chief Executive Officer Dr. Alan Baratz and Chief Financial Officer John Markovich will participate in the discussion.

D-Wave is at the forefront of driving commercial adoption of practical quantum computing solutions, utilized by a number of the world’s most advanced organizations. Customers that have used D-Wave’s technology include Mastercard, Deloitte, Davidson Technologies, ArcelorMittal, Siemens Healthineers, Unisys, NEC Corporation, Pattison Food Group Ltd., DENSO, Lockheed Martin, Forschungszentrum Jülich, University of Southern California, and Los Alamos National Laboratory. The company also possesses a robust intellectual property portfolio, comprising more than 200 issued U.S. patents and over 240 scientific papers published, including in high-impact journals such as Science and Nature.

D-Wave offers a range of innovative solutions to facilitate quantum computing adoption and application development:

The Leap(TM) real-time quantum cloud service, available in 39 countries around the world, offers developers access to state-of-the-art quantum computers and a quantum-classical hybrid solver service that can handle problems with up to one million variables.

Launch(TM) offers customers a multi-faceted approach to identifying and building in-production quantum hybrid applications. D-Wave’s professional services team works with customers to help identify which problems would be most impacted by quantum solutions, develop quantum proofs-of-concept, pilot hybrid quantum applications, and deploy those applications into production.

The Ocean(TM) software development kit (“SDK”), offers a full suite of open-source programming tools, available on the D-Wave GitHub repository and within the Leap quantum cloud service. The Ocean SDK simplifies the process of building quantum hybrid applications while reducing associated time and cost.

D-Wave is focused on delivering quantum solutions for computationally complex problems such as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, financial modeling, and more. As the only company providing annealing quantum computers, the company is unlocking commercial use cases in optimization today. Its customer success stories demonstrate how its quantum solutions are helping drive tangible ROI for businesses now.

For more information, visit the company’s website at www.DWaveQuantum.com.

NOTE TO INVESTORS: The latest news and updates relating to QBTS are available in the company’s newsroom at https://ibn.fm/QBTS

Forward Looking Statements

Certain statements in this press release are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. Forward-looking statements in this press release include, but are not limited to, statements regarding continued commercial adoption of practical quantum computing solutions and D-Wave’s future ability to deliver quantum solutions for computationally complex problems. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management’s control, including general economic conditions and other risks; the company’s ability to expand its customer base and the customer adoption of its solutions; risks within D-Wave’s industry, including anticipated trends, growth rates, and challenges for companies engaged in the business of quantum computing and the markets in which they operate; the outcome of any legal proceedings that may be instituted against D-Wave; risks related to the performance of its business and the timing of expected business or financial milestones; unanticipated technological or project development challenges, including with respect to the cost and/or timing thereof; the performance of the company’s products; the effects of competition on its business; the risk that the company will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all; the risk that the company may never achieve or sustain profitability; the risk that the company is unable to secure or protect its intellectual property; volatility in the price of the company’s securities; the risk that its securities will not maintain the listing on the NYSE; and the numerous other factors set forth in D-Wave’s Annual Report on Form 10-K for its fiscal year ended December 31, 2022 and other filings with the Securities and Exchange Commission. Undue reliance should not be placed on the forward-looking statements in this press release in making an investment decision, which are based on information available to the company on the date hereof. the company undertakes no duty to update this information unless required by law.

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