D-Wave Quantum (QBTS) Q4 2024 Earnings Call Transcript

D-Wave Quantum Inc. (NYSE:QBTS) This autumn 2024 Earnings Convention Name March 13, 2025 8:00 AM ET

Firm Contributors

Alan Baratz – Chief Government Officer
John Markovich – Chief Monetary Officer
Kevin Hunt – Investor Relations

Convention Name Contributors

Mayur – B. Riley Securities
Richard Shannon – Craig Hallum
Quinn Bolton – Needham & Co.
Suji Desilva – Roth Capital
David Williams – Benchmark
Harsh Kumar – Piper Sandler

Operator

Good morning everybody and welcome to D-Wave’s fourth quarter and monetary yr 2024 earnings convention name.

At the moment’s name is being recorded.

Right now, I want to flip the decision over to Kevin Hunt of Investor Relations. Please go forward.

Kevin Hunt

Thanks and good morning. With me as we speak are Dr. Alan Baratz, Chief Government Officer, and John Markovich, our Chief Monetary Officer.

Earlier than we start, I’d prefer to remind everybody that this name might include forward-looking statements and must be thought of along side cautionary statements contained in our earnings launch and the corporate’s most up-to-date periodic SEC report.

Throughout as we speak’s name, administration will present sure data that can represent non-GAAP monetary and operational measures underneath SEC guidelines, comparable to non-GAAP gross revenue, non-GAAP working bills, adjusted EBITDA, and bookings. Reconciliations to GAAP monetary measures and sure extra data are additionally included in as we speak’s earnings launch, which is on the market within the Investor Relations part of our firm web site at www.dwavequantum.com.

I’ll now hand over the decision to Alan.

Alan Baratz

Thanks Kevin. Good morning everybody and thanks for becoming a member of us as we speak.

It’s a outstanding time to be main one of many world’s preeminent quantum computing firms, and it’s unbelievable how a lot has occurred since we spoke to you final quarter. Huge firms like Google, Nvidia, Amazon and Microsoft all made quantum headlines just lately, fueling debate amongst quantum business skeptics, fans and undecideds as