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PALO ALTO, Calif. - D-Wave Quantum Inc. (NYSE: QBTS), a quantum computing company with an impressive 753% stock return over the past year, announced a significant milestone in quantum computing during an interview on Fox Business’s "The Claman Countdown" last Friday. According to InvestingPro data, the company has maintained strong momentum, with its market capitalization reaching $3.24 billion. According to CEO Dr. Alan Baratz, D-Wave’s Advantage2 quantum computer has demonstrated quantum supremacy by outperforming one of the world’s top supercomputers in a materials simulation problem.
The demonstration highlighted the potential of quantum computing to tackle complex research problems, drawing interest from the supercomputing community and national laboratories. Dr. Baratz pointed out that while the sales cycles for these systems are long due to their high cost, ranging from $20 to $40 million, the technology’s application in deep research is proving to be a compelling factor for potential buyers. The company’s financial health appears robust, with InvestingPro data showing an impressive 83.23% gross profit margin and strong revenue growth of 121.61% in the last twelve months.
D-Wave’s approach to quantum computing, known as annealing, is believed to be a driving force behind the growing commercial adoption of the technology. Annealing quantum computers are particularly tailored for optimization problems that are common in various business sectors.
The company, which prides itself on being the world’s first commercial supplier of quantum computers, offers its 5,000+ qubit Advantage quantum computers for use on-premises or via the cloud. D-Wave emphasizes its systems’ reliability, with a 99.9% availability rate, and has reported over 200 million problems submitted to its Advantage systems and Advantage2 prototypes.
The information about D-Wave’s recent achievements and the interview with Dr. Baratz is based on a press release statement from the company. It is important to note that forward-looking statements in the press release involve risks and uncertainties, and actual results may differ from those projected. Investors are cautioned not to place undue reliance on these forward-looking statements, which are valid only as of their respective dates. For comprehensive analysis and 15+ additional ProTips about QBTS, including detailed valuation metrics and financial health scores, explore InvestingPro’s exclusive research report.
In other recent news, D-Wave Quantum Inc reported impressive first-quarter 2025 financial results, significantly surpassing analyst expectations. The company posted an earnings per share (EPS) of -$0.02, outperforming the forecasted -$0.06. D-Wave also reported a substantial revenue of $15 million, far exceeding the anticipated $2.55 million, marking a 509% increase from the previous year. The company achieved a record gross margin of 92.5% and reported its lowest net loss since going public, amounting to $5.4 million.
D-Wave Quantum’s strong performance is further highlighted by its record gross profit of $13.9 million, reflecting a 736% year-over-year growth. The company maintains a robust cash position of $304.3 million, which management believes is sufficient to reach profitability. Analyst firms, such as Piper Sandler, showed interest in the company’s advancements, particularly in its Advantage Two system and potential blockchain applications. The company also noted increased interest from larger organizations, including several Forbes Global 2000 companies, which may contribute to future growth.
D-Wave Quantum continues to make progress on its technology roadmap, aiming to make its Advantage Two system generally available by the end of the second quarter. The company is also exploring applications in blockchain and artificial intelligence, with several blockchain-focused organizations expressing interest in potential partnerships. These recent developments underscore D-Wave’s leadership in the quantum computing sector and its potential for future growth.
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