D-Wave Quantum Expects Q1 Bookings of at Least $4.3M
Portfolio Pulse from Benzinga Newsdesk
D-Wave Quantum, identified by the symbol QBTS, has provided its fiscal year 2024 and Q1 outlook, expecting Q1 bookings of at least $4.3M and an Adjusted EBITDA Loss for fiscal 2024 to be less than the previous year's $54.3 million.
March 28, 2024 | 11:03 am
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D-Wave Quantum expects Q1 bookings of at least $4.3M and a reduced Adjusted EBITDA Loss for fiscal 2024, indicating a positive financial trajectory.
The positive outlook provided by D-Wave Quantum for its Q1 bookings and the expected reduction in Adjusted EBITDA Loss for fiscal 2024 suggests an improving financial health and operational efficiency. This news is likely to be viewed positively by investors, potentially leading to an increase in the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100