D-Wave Quantum rises after upbeat rev outlook

Quantum

13/03/2025 13:21

**  D-Wave Quantum's QBTS.N shares up 2.9% premarket to $5.99 after current-qtr rev forecast tops Wall Street analysts' expectations

      ** Palo Alto, California-based co early Thurs says expects Q1 2025 rev to exceed $10 mln, driven by the sale of an Advantage annealing quantum computer

      ** Analysts on avg had called for Q1 rev of ~$2.6 mln, per LSEG data

      ** Q4 rev decreased 21% y/y to $2.3 mln, which was in-line with consensus

      ** Co's Q4 net loss widened to $86.1 mln from $16 mln loss a yr-ago

      ** On Weds, QBTS shares soared as high as $6.33 before ending session up ~8% at $5.82 after co said its quantum computer outperformed one of the world's most powerful classical supercomputers

            ** Shares of other quantum computing names also rose in sympathy on Weds, including Quantum Corp QMCO.O, Quantum Computing Inc QUBT.O, Rigetti Computing RGTI.O and IonQ IONQ.N

                ** Through Weds close,

    QBTS shares down 31% YTD but up nearly six-fold over the past six months

** All 5 analysts covering QBTS have "buy" rating on the stock and their median PT is $8.50, up from $2.50 on Dec 13 - LSEG

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))