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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財年三季報
美股SEC公告 ·  2024/11/15 05:51

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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 報告稱,2024年第三季度營業收入爲187萬,較2023年第三季度的256萬下降了27%,而淨虧損則從1610萬增加到2270萬。由於每位客戶的平均收入增加,QCaaS的營業收入增長了50萬,但專業服務收入下降了110萬。該公司在本季度末現金餘額爲2930萬。營業費用上升了9%,達到2170萬,其中研發費用爲870萬,一般及行政費用爲930萬,銷售和市場營銷費用增加了52%,達到380萬。該公司已預付2110萬的定期貸款,其中本金爲1640萬,剩餘的1370萬將在2024年10月全部償還。在第三季度期間,D-Wave通過股票發行籌集了2350萬資金,包括通過林肯公園購買協議獲得的1190萬及通過市場發售獲得的1160萬。管理層對公司的持續經營能力表示了重大懷疑,指出累計虧損達到54090萬,並且需要額外的資金來資助運營和研究項目。
D-Wave Quantum 報告稱,2024年第三季度營業收入爲187萬,較2023年第三季度的256萬下降了27%,而淨虧損則從1610萬增加到2270萬。由於每位客戶的平均收入增加,QCaaS的營業收入增長了50萬,但專業服務收入下降了110萬。該公司在本季度末現金餘額爲2930萬。營業費用上升了9%,達到2170萬,其中研發費用爲870萬,一般及行政費用爲930萬,銷售和市場營銷費用增加了52%,達到380萬。該公司已預付2110萬的定期貸款,其中本金爲1640萬,剩餘的1370萬將在2024年10月全部償還。在第三季度期間,D-Wave通過股票發行籌集了2350萬資金,包括通過林肯公園購買協議獲得的1190萬及通過市場發售獲得的1160萬。管理層對公司的持續經營能力表示了重大懷疑,指出累計虧損達到54090萬,並且需要額外的資金來資助運營和研究項目。
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