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via financefeeds.comMarkets

QBTS falls 11% as Q3 bookings drop to $1.9M

FROM THE WIRE · FINANCEFEEDS.COM

D-Wave beat Q3 revenue estimates at $4.51M, but bookings fell 19% to $1.9M and operating expenses hit $55.9M. QBTS now hinges on Q4 system deliveries.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishLower bookings and high operating expenses weigh on the stock, which now depends on Q4 system deliveries.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01D-Wave beat third-quarter revenue estimates with revenue of $4.51M.
  2. 02Bookings fell 19% to $1.9M.
  3. 03Operating expenses reached $55.9M.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
D-Wave Quantum Inc.QBTSStock10.36 USD+0.58%today -9.72%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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