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D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a fifth-generation quantum computer; Ocean, a suite of open-source python tools; and Leap, a cloud-based service that provides real-time access to a live quantum computer, as well as access to Advantage, hybrid solvers, the Ocean software development kit, live code, demos, learning resources, and a vibrant developer community. It also provides D-Wave Launch, a quantum professional service that guides enterprises from problem discovery through production implementation. The company's quantum solutions are used in logistics, financial services, drug discovery, materials sciences, scheduling, fault detection, mobility, and supply chain management. It serves financial services, manufacturing/logistics, mobility, and life sciences/pharmaceuticals industries. D-Wave Quantum Inc. was founded in 1999 and is headquartered in Burnaby, Canada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
D-Wave Quantum builds quantum computing hardware, software and cloud services centered on quantum annealing and hybrid quantum-classical workflows for optimization and related tasks. Growth may be supported by adoption of optimization use cases, expansion of cloud and software subscriptions, and processor improvements, and investors may view its position as one of few firms with commercially deployed quantum systems as attractive.
Key risks include limited proof of broad quantum advantage, strong competition from gate-model and classical providers, continued unprofitable operations and potential need for additional financing.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|
| Type | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Income before tax | -51.53M | -31.55M | -10.02M |
| Net income | -38.97M | -34.07M | -18.25M |
| Selling general administrative | 21.54M | 11.90M | 11.59M |
| Selling and marketing expenses | 10.07M | 6.18M | 3.71M |
| Gross profit | 4.25M | 4.53M | 4.25M |
| Reconciled depreciation | 2.33M | 2.60M | 2.73M |
| Ebit | -59.46M | -31.78M | -19.44M |
| Ebitda | -50.74M | -28.38M | -13.74M |
| Depreciation and amortization | 8.72M | 3.40M | 5.70M |
| Non operating income net other | 12.56M | - | - |
| Operating income | -59.46M | -31.78M | -19.44M |
| Other operating expenses | 66.63M | 38.06M | 24.60M |
| Interest expense | 4.63M | 1.73M | 5.26M |
| Interest income | 5.67M | - | 0.00M |
| Net interest income | 1.04M | -1.73M | -5.26M |
| Income tax expense | -12.56M | 2.53M | 8.23M |
| Total revenue | 7.17M | 6.28M | 5.16M |
| Total operating expenses | 63.71M | 36.31M | 23.68M |
| Cost of revenue | 2.92M | 1.75M | 0.92M |
| Total other income expense net | 7.93M | 0.24M | 9.42M |
| Net income from continuing ops | -51.53M | -31.55M | -10.02M |
| Net income applicable to common shares | -51.53M | -31.55M | -10.02M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|
| Type | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Total assets | 26.95M | 32.61M | 47.46M |
| Intangible assets | 0.24M | 0.27M | 0.15M |
| Other current assets | 3.91M | 2.35M | 1.24M |
| Total liab | 33.12M | 29.59M | 14.73M |
| Total stockholder equity | -6.17M | 3.02M | 32.73M |
| Other current liab | 6.69M | 3.55M | 3.18M |
| Common stock | 0.01M | 2.61M | 2.49M |
| Capital stock | 0.01M | 192.49M | 192.37M |
| Retained earnings | -377.06M | -325.27M | -293.72M |
| Other liab | 1.90M | 0.07M | - |
| Other assets | 1.35M | 0.18M | 0.18M |
| Cash | 7.07M | 9.48M | 21.34M |
| Total current liabilities | 15.85M | 10.29M | 11.97M |
| Current deferred revenue | 1.78M | 2.69M | 4.71M |
| Net debt | 11.93M | 11.69M | -16.68M |
| Short term debt | 3.62M | 1.95M | 1.90M |
| Short long term debt | 2.09M | 0.26M | 0.35M |
| Short long term debt total | 18.99M | 21.17M | 4.66M |
| Other stockholder equity | 381.27M | 146.24M | 144.54M |
| Property plant equipment | 2.29M | 11.83M | 5.84M |
| Total current assets | 13.93M | 19.16M | 41.28M |
| Long term investments | 1.17M | 1.17M | 0.01M |
| Net tangible assets | -5.91M | -187.13M | -157.30M |
| Net receivables | 1.02M | 5.21M | 16.18M |
| Long term debt | 8.07M | 12.23M | 1.32M |
| Inventory | 2.20M | 2.11M | 2.52M |
| Accounts payable | 3.76M | 2.11M | 2.18M |
| Accumulated other comprehensive income | -10.40M | -10.44M | -10.46M |
| Common stock total equity | 0.01M | - | - |
| Retained earnings total equity | -376.80M | - | - |
| Non currrent assets other | 0.18M | 0.18M | 0.18M |
| Non current assets total | 13.02M | 13.45M | 6.18M |
| Capital lease obligations | 8.83M | 8.68M | 2.98M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|
| Type | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Investments | -0.50M | -2.00M | -0.79M |
| Change to liabilities | 4.31M | -2.28M | 0.94M |
| Total cashflows from investing activities | -0.50M | -2.00M | -0.79M |
| Net borrowings | -3.32M | 24.83M | 24.83M |
| Total cash from financing activities | 43.27M | 24.91M | 43.14M |
| Change to operating activities | 0.84M | 0.77M | -15.38M |
| Net income | -51.53M | -31.55M | -10.02M |
| Change in cash | -2.42M | -11.85M | 13.05M |
| Begin period cash flow | 9.48M | 21.34M | 8.28M |
| End period cash flow | 7.07M | 9.48M | 21.34M |
| Total cash from operating activities | -45.23M | -34.80M | -29.29M |
| Issuance of capital stock | 40.00M | 0.09M | 43.68M |
| Depreciation | 2.33M | 2.60M | 2.73M |
| Other cashflows from investing activities | -0.07M | - | - |
| Dividends paid | 0.00M | - | 0.00M |
| Change to inventory | -0.15M | 0.18M | -0.65M |
| Change to account receivables | -0.34M | 0.16M | 8.00M |
| Sale purchase of stock | 42.00M | - | - |
| Other cashflows from financing activities | 25.17M | 25.26M | 43.14M |
| Change to netincome | 1.80M | -4.69M | -14.90M |
| Capital expenditures | 0.50M | 2.00M | 0.79M |
| Change receivables | -0.34M | - | - |
| Cash flows other operating | -0.75M | - | - |
| Cash and cash equivalents changes | -2.46M | - | - |
| Change in working capital | 3.02M | -1.17M | -7.09M |
| Stock based compensation | 9.16M | 1.74M | 2.99M |
| Other non cash items | -8.22M | -5.44M | -6.59M |
| Free cash flow | -45.72M | -36.80M | -30.08M |
Sector: Technology Industry: Computer Hardware
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| QBTS D-Wave Quantum Inc. Common Stock |
0.63 5.90% |
11.31 | - | - | 18.23 | 17.09 | 17.52 | -1.97 |
| SNDK Sandisk Corp |
43.57 5.22% |
878.63 | 21.05 | 6.87 | 11.07 | 14.44 | 11.00 | 16.82 |
| STX Seagate Technology PLC |
39.95 8.67% |
500.94 | 57.81 | 22.52 | 14.39 | 84.53 | 15.20 | 43.61 |
| DELL Dell Technologies Inc |
20.34 6.19% |
348.87 | 24.44 | 15.65 | 1.22 | 4.39 | 1.34 | 12.81 |
| ANET Arista Networks |
15.01 8.79% |
185.81 | 39.49 | 31.45 | 13.08 | 11.15 | 12.18 | 31.54 |
D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a fifth-generation quantum computer; Ocean, a suite of open-source python tools; and Leap, a cloud-based service that provides real-time access to a live quantum computer, as well as access to Advantage, hybrid solvers, the Ocean software development kit, live code, demos, learning resources, and a vibrant developer community. It also provides D-Wave Launch, a quantum professional service that guides enterprises from problem discovery through production implementation. The company's quantum solutions are used in logistics, financial services, drug discovery, materials sciences, scheduling, fault detection, mobility, and supply chain management. It serves financial services, manufacturing/logistics, mobility, and life sciences/pharmaceuticals industries. D-Wave Quantum Inc. was founded in 1999 and is headquartered in Burnaby, Canada.
| Name | Title | Year Born |
|---|---|---|
| Dr. Alan E. Baratz Ph.D. | CEO & Director | 1955 |
| Mr. John M. Markovich | Chief Financial Officer | 1957 |
| Mr. Eric Ladizinsky | Co-Founder & Chief Scientist | NA |
| Ms. Diane Nguyen | VP of Legal | NA |
| Ms. Michelle Maggs | VP of Corp. Marketing | NA |
| Ms. Victoria Brydon | Sr. VP of People & Operational Excellence | 1974 |
| Dr. Mohammad H. S. Amin | Principal Scientist | NA |
| Dr. Mark W. Johnson | Sr. VP of Quantum Technologies & Systems Products | NA |
| Ms. Michele Macready | Sr. VP of Software, Algorithms, Cloud & Professional Services | NA |
| Mr. Mark Snedeker | Sr. VP of Growth | NA |
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