Catenna, Monday, March 17. 2025- D-Wave Quantum shares continued its run on Monday, following last week’s announcement that its quantum computer bested a supercomputer in a special task.
D-Wave said in a press release last Wednesday announcing the publication of “a scientific breakthrough” in the journal science that its “annealing quantum computer outperformed one of the world’s most powerful classical supercomputers in solving complex magnetic materials simulation problems with relevance to materials discovery.”
CEO Dr. Alan Baratz called it “an industry first,” arguing that D-Wave’s “annealing quantum computers are now capable of solving useful problems beyond the reach of the world’s most powerful supercomputers.”
Since the announcement, shares of D-Wave Quantum have doubled, trading today up 7.19%, the shares have surged by 137% in the last 5 trading days, while it has surged by over 1000% in the last 6 months.
In its latest earnings release, D-Wave said bookings expanded by 502% to $18.3 million in the fourth quarter from only $3 million in the same period a year earlier, while bookings in the full year period registered a 128% jump at $23.9 million from $10.5 million year-on-year.
Meanwhile, net loss in full-year 2024 increased by 74% to $143.9 million from $82.7 million year-on-year, while net loss for the fourth quarter surged by 438% to $86.1 million from $16 million year-on-year, primarily due to a non-cash, non-operating charge related to the remeasurement of its warrant liability that materially increased as a result of the significant price appreciation of its warrants
