Inside Quantum Technology

D-Wave tallies 97 customers, 56 of them commercial firms, at Q2’s end

In its first quarterly earnings report since going public, D-Wave Quantum, Inc., reported $1.371 million in revenue, up about 21% from the same quarter last year. Perhaps more significant at a time when investors want to see as much detail as possible, the company said in its earnings report it had 95 customers at the end of the second quarter this year, 56 of which were commercial organizations.

“Our commercial momentum is propelled by the new use cases that we are developing with our customers, and we look forward to continuing to unlock the power of quantum-hybrid value for a growing number of use-cases in the coming months and years,” said D-Wave CEO Alan Baratz.

The company also broke out revenue for the first six months of 2022, saying it was $3.083 million. D-Wave also gave full-year guidance, stating that it expects full-year revenue to land in the range of $7 million to $9 million.

Other Q2 numbers of note:

Dan O’Shea has covered telecommunications and related topics including semiconductors, sensors, retail systems, digital payments and quantum computing/technology for over 25 years.

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