D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing systems, software, and services, and the world’s first commercial supplier of quantum computers, recently announced that its fiscal year 2024 bookings will exceed $23 million, marking an increase of approximately 120% over fiscal year 2023 bookings.
A noteworthy factor in D-Wave’s growth in bookings was the first-ever customer purchase of a D-Wave Advantage™ annealing quantum computing system, which reflects a significant expansion to the company’s revenue model as it broadens its overall go-to-market offerings to include on-premise system sales.
“We believe it is evident that the world is quickly recognizing the near-term usefulness and value of D-Wave’s quantum systems,” Dr. Alan Baratz, CEO of D-Wave, stated in the news release. “With remarkable growth in bookings, our first Advantage system sale and an increasing number of customer applications moving into production, in our view, D-Wave is clearly driving the commercialization of quantum computing. While others remain in the research and development mode, we are delivering incredibly powerful technology and products to customers today, helping them tackle their tough computational problems faster, better and with less energy.”
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