D-Wave Quantum Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits
$QBTS
EDP Services
Technology
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 10, 2025
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Item 2.02. Results of Operations and Financial Condition.
On January 10, 2025, D-Wave Quantum Inc. issued a press release announcing booking results for the 2024 fiscal year and fourth quarter and the cash position at the 2024 year end. In addition to a system sale, the company today disclosed that fiscal 2024 Q4 bookings will be at least $18 million, an increase of approximately 500% over prior year fiscal 2023 Q4 bookings of $3 million. Also, the company disclosed that it ended fiscal year 2024 with bookings that will exceed $23 million, an increase of approximately 120% over fiscal year 2023 bookings, and a record cash position of approximately $178 million in cash. A copy of the press release is furnished herewith as Exhibit 99.1.
The information contained in this Item 2.02 to this Current Report on Form 8-K and in the accompanying exhibit is intended to be “furnished” and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | |||||||
| Press release, dated January 10, 2025 | ||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: January 10, 2025 | D-Wave Quantum Inc. | |||||||
| By: | /s/ Alan Baratz | |||||||
| Name: | Alan Baratz | |||||||
| Title: | President & Chief Executive Officer | |||||||