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

D-Wave Quantum Inc. (NYSE:QBTS) held its fourth quarter and fiscal year 2024 earnings conference call on March 13, 2025, at 8:00 AM ET. The call included key participants from the company, namely Alan Baratz, the Chief Executive Officer, and John Markovich, the Chief Financial Officer, with Kevin Hunt serving as the Investor Relations representative.

The call began with an operator's introduction, welcoming all participants and informing them that the session would be recorded.

Kevin Hunt initiated the call, thanking everyone for attending and highlighting the presence of Alan Baratz and John Markovich. He reminded listeners that forward-looking statements may be made during the call, and these should be considered with caution in light of the company's earnings release and the latest SEC reports.

Hunt noted that management would share certain non-GAAP financial metrics and operational measures, which are regulated by SEC rules. These measures include non-GAAP gross profit, adjusted EBITDA, and bookings. Detailed reconciliations to GAAP financial metrics are available in the earnings release found in the Investor Relations section of their official website.

Following Hunt's introduction, Alan Baratz took the floor. In his opening remarks, Baratz expressed gratitude to the participants and enthusiasm for being part of a leading quantum computing company. He reflected on the advancements made since the previous quarter and acknowledged that significant names in the tech industry, such as Google, Nvidia, Amazon, and Microsoft, had made headlines in the quantum space. This has sparked discussions and debates among various stakeholders in the quantum industry.

Company Updates

During the call, Baratz discussed the company's recent achievements and projects. He pointed out how D-Wave has focused on strengthening its position in the quantum computing market.

Financial Performance

John Markovich followed Baratz to present the financial results for Q4 2024. He shared insights on the company’s revenue growth, operational expenses, and overall financial health. He provided specific figures that indicated positive trends and potential growth in revenue, supported by strategic initiatives and demand for quantum solutions.

Markovich also emphasized the company’s commitment to driving innovation in quantum technology, which is essential for maintaining a competitive edge. He outlined the financial measures implemented to support this growth trajectory.

Market Reception

Investor analysts from several firms, including B. Riley Securities, Craig Hallum, Needham & Co., and others, participated in the call to ask questions regarding the company's strategies and market insights. The exchange provided valuable information about investor sentiment and expectations surrounding D-Wave's future.

Overall, the earnings call served as an important platform for D-Wave Quantum to summarize their performance for Q4 2024, share insights on the future of quantum computing, and engage with the investment community.

D-Wave, Earnings, Finance