LOS ANGELES, CA - (NewMediaWire) - September 1, 2023 - (InvestorBrandNetwork via NewMediaWire) - IBN, a multifaceted financial news, content creation and publishing company, is utilized by both public and private companies to optimize investor awareness and recognition.
D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software and services, was one of three stocks listed in a recent InvestorPlace article. The article, titled "These Are the Only Quantum Computing Stocks to Consider in August 2023," noted that generative AI has received a lot of attention this year but that quantum computing is likely to bring the real digital revolution. Calling quantum computing a "new technological revolution," the article noted that the technology has the potential to leapfrog generative AI because quantum computers can better approximate how human brains function.
Regarding D-Wave Quantum, the article recognized that the company was one of the world's oldest and most established quantum computing companies. It pointed to the strides the company has made toward further commercialization of its core product as well as a 146% increase in revenue bookings year-over-year, "which speaks to enterprises recognizing the value of D-Wave quantum annealing technology." The InvestorPlace contributor also pointed out that the company anticipates 2023 revenues to total between $11 million and $13 million, representing between 52.8% and 80.5% year-over-year revenue growth.
D-Wave is a leader in the development and delivery of quantum computing systems, software and services, and is the world's first commercial supplier of quantum computers and the only company building both annealing quantum computers and gate-model quantum computers. The company's mission is to unlock the power of quantum computing today to benefit business and society. D-Wave does this by delivering customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection and financial modeling. D-Wave's technology is being used by some of the world's most advanced organizations, including Volkswagen, Mastercard, Deloitte, Davidson Technologies, ArcelorMittal, Siemens Healthineers, Unisys, NEC Corporation, Pattison Food Group Ltd., DENSO, Lockheed Martin, Forschungszentrum Jlich, University of Southern California and Los Alamos National Laboratory. For more information about the company, please visit www.DWaveSys.com.
Forward-Looking Statements
Certain statements in this press release are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. Forward-looking statements in this press release include, but are not limited to, statements regarding the potential of quantum computing and D-Wave's anticipated revenue for 2023. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including general economic conditions and other risks; our ability to expand our customer base and the customer adoption of our solutions; risks within D-Wave's industry, including anticipated trends, growth rates, and challenges for companies engaged in the business of quantum computing and the markets in which they operate; the outcome of any legal proceedings that may be instituted against us; risks related to the performance of our business and the timing of expected business or financial milestones; unanticipated technological or project development challenges, including with respect to the cost and/or timing thereof; the performance of our products; the effects of competition on our business; the risk that we will need to raise additional capital to execute our business plan, which may not be available on acceptable terms or at all; the risk that we may never achieve or sustain profitability; the risk that we are unable to secure or protect our intellectual property; volatility in the price of our securities; the risk that our securities will not maintain the listing on the NYSE; and the numerous other factors set forth in D-Wave's Annual Report on Form 10-K for its fiscal year ended December 31, 2022 and other filings with the Securities and Exchange Commission. Undue reliance should not be placed on the forward-looking statements in this press release in making an investment decision, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law.
NOTE TO INVESTORS: The latest news and updates relating to QBTS are available in the company's newsroom at https://ibn.fm/QBTS
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