D-Wave (QBTS) Q4 2024 Earnings Call Transcript

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• D-Wave will be first pure play quantum company to reach profitability

  80% confidence

• D-Wave is the only quantum company that can claim it has outperformed classical on useful problem of relevance to business and science today

  80% confidence

• D-Wave was first to launch commercial quantum systems, first to have quantum applications running in production, first to achieve quantum supremacy on real-world problem

  80% confidence

• D-Wave is the only company that can meet all Quantum Realized criteria right now

  80% confidence

• D-Wave's cash position provides sufficient capital to get D-Wave to profitability faster than any other independent quantum company and with far less total investment

  80% confidence

• Supercomputer solution for magnetic material simulation would require more than world's annual electricity consumption

  80% confidence

• Three other institutions in discussions for D-Wave system sales

  80% confidence

• Quantum is not ready

  80% confidence

• 1,200 qubit Advantage 2 is significantly more powerful than 5,000 qubit Advantage

  80% confidence

• Discounted usefulness of quantum computing

  80% confidence

• System sale margins will exceed consolidated non-GAAP gross margins of 72.8%

  80% confidence

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