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D-Wave Quantum | 10-Q: Q3 2024 Earnings Report

D-Wave Quantum | 10-Q: Q3 2024 Earnings Report

D-Wave Quantum | 10-Q:2024财年三季报
美股SEC公告 ·  2024/11/14 16:51

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D-Wave Quantum reported Q3 2024 revenue of $1.87 million, down 27% from $2.56 million in Q3 2023, while net loss increased to $22.7 million from $16.1 million. QCaaS revenue grew by $0.5 million driven by higher average revenue per customer, though professional services revenue declined by $1.1 million. The company ended the quarter with $29.3 million in cash.Operating expenses rose 9% to $21.7 million, with research and development at $8.7 million, general and administrative at $9.3 million, and sales and marketing increasing 52% to $3.8 million. The company has prepaid $21.1 million of its Term Loan, including $16.4 million in principal, with the remaining balance of $13.7 million subsequently repaid in full in October 2024.During Q3, D-Wave raised $23.5 million through share issuances, including $11.9 million via Lincoln Park Purchase Agreement and $11.6 million through at-the-market offerings. Management noted substantial doubt about the company's ability to continue as a going concern, citing accumulated deficit of $540.9 million and the need for additional capital to fund operations and research programs.
D-Wave Quantum reported Q3 2024 revenue of $1.87 million, down 27% from $2.56 million in Q3 2023, while net loss increased to $22.7 million from $16.1 million. QCaaS revenue grew by $0.5 million driven by higher average revenue per customer, though professional services revenue declined by $1.1 million. The company ended the quarter with $29.3 million in cash.Operating expenses rose 9% to $21.7 million, with research and development at $8.7 million, general and administrative at $9.3 million, and sales and marketing increasing 52% to $3.8 million. The company has prepaid $21.1 million of its Term Loan, including $16.4 million in principal, with the remaining balance of $13.7 million subsequently repaid in full in October 2024.During Q3, D-Wave raised $23.5 million through share issuances, including $11.9 million via Lincoln Park Purchase Agreement and $11.6 million through at-the-market offerings. Management noted substantial doubt about the company's ability to continue as a going concern, citing accumulated deficit of $540.9 million and the need for additional capital to fund operations and research programs.
D-Wave Quantum 报告称,2024年第三季度营业收入为187万,较2023年第三季度的256万下降了27%,而净亏损则从1610万增加到2270万。由于每位客户的平均收入增加,QCaaS的营业收入增长了50万,但专业服务收入下降了110万。该公司在本季度末现金余额为2930万。营业费用上升了9%,达到2170万,其中研发费用为870万,一般及行政费用为930万,销售和市场营销费用增加了52%,达到380万。该公司已预付2110万的定期贷款,其中本金为1640万,剩余的1370万将在2024年10月全部偿还。在第三季度期间,D-Wave通过股票发行筹集了2350万资金,包括通过林肯公园购买协议获得的1190万及通过市场发售获得的1160万。管理层对公司的持续经营能力表示了重大怀疑,指出累计亏损达到54090万,并且需要额外的资金来资助运营和研究项目。
D-Wave Quantum 报告称,2024年第三季度营业收入为187万,较2023年第三季度的256万下降了27%,而净亏损则从1610万增加到2270万。由于每位客户的平均收入增加,QCaaS的营业收入增长了50万,但专业服务收入下降了110万。该公司在本季度末现金余额为2930万。营业费用上升了9%,达到2170万,其中研发费用为870万,一般及行政费用为930万,销售和市场营销费用增加了52%,达到380万。该公司已预付2110万的定期贷款,其中本金为1640万,剩余的1370万将在2024年10月全部偿还。在第三季度期间,D-Wave通过股票发行筹集了2350万资金,包括通过林肯公园购买协议获得的1190万及通过市场发售获得的1160万。管理层对公司的持续经营能力表示了重大怀疑,指出累计亏损达到54090万,并且需要额外的资金来资助运营和研究项目。
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