If we assume theyre charging the minimum amount of $500,000 per annum for their platform, and also assume every customer is using one application, that means they only have five customers for a PaaS offering thats been around for over three years. BURNABY, British Columbia & PALO ALTO, Calif., April 27, 2023--D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing systems, software, and services, and the only commercial provider building both annealing and gate-model quantum computers, today announced the successful completion of its SOC 2 Type 1 audit as of March 13, 2023, as it . The fund had a torrid ride from its heights in 2004, was renamed 180 Degree Capital Corp in 2017, and repositioned itself as investing in publicly traded stocks, taking activist positions. Their latest funding was raised on Aug 23, 2022 from a Grant round. You can sign up for additional alert options at any time. Welcome to OurGlobal Community of Tech Investors. Firstly, the SPAC merger may not even happen as the broader investment community starts to adopt the stance weve taken from day one SPACs Reward Everyone Except Retail Investors. Intraday Data provided by FACTSET and subject to terms of use. Quantum Computer Maker D-Wave Reaches $340 Million SPAC Deal Feb 8 (Reuters) - Quantum computing firm D-Wave Systems Inc said on Tuesday it had agreed to go public by merging with blank-check company DPCM Capital (XPOA.N) in a deal that values the combined company at nearly $1.6 billion. Get short term trading ideas from the MarketBeat Idea Engine. D-Wave Quantum Inc. is based in Burnaby, Canada. The company can be reached via phone at 604-630-1428 or via email at info@dpcmcapital.com. The company provided earnings per share guidance of for the period. And this is where the first red flag becomes apparent. On average, they anticipate the company's share price to reach $5.00 in the next twelve months. Stock Price. D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing systems, software, and services, and the only commercial provider building both annealing and gate-model quantum computers, today announced the successful completion of its SOC 2 Type 1 audit as of March 13, 2023, as it looks to rapidly accelerate the commercial adoption of its quantum computing solutions. D-Wave Systems Company Profile - Office Locations, Competitors, Revenue The company's systems are used by some of the world's most advanced organizations, including investor NEC . To see all exchange delays and terms of use please see Barchart's disclaimer. 5 brokers have issued twelve-month price targets for D-Wave Quantum's shares. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. We will not release or resell your information to third parties without your permission. Like the promise of fusion, quantum computing is an extremely risky investment thesis because its technological capabilities are still in question. Here Are Other Stocks Moving In Friday's Mid-Day Session, Stocks That Hit 52-Week Lows On Wednesday. View institutional ownership trends. Your email address will not be published. D-Wave said it expects to raise up to $340 million in gross proceeds from the deal, including a $40 million private placement in public equity from PSP Investments, Goldman Sachs Asset Management, NEC Corporation, Yorkville Advisors and Aegis Group Partners. You can contact us at hello@thequantuminsider.com. Pour en savoir plus sur la faon dont nous utilisons vos donnes personnelles, veuillez consulter notre politique relative la vie prive et notre politique en matire de cookies. Si vous ne souhaitez pas que nos partenaires et nousmmes utilisions des cookies et vos donnes personnelles pour ces motifs supplmentaires, cliquez sur Refuser tout. It serves manufacturing and logistics, financial services, life sciences, and other industries. Its a (multi) billion-dollar question. Duolingo Speaking Volumes: Forms Bullish Chart Ahead of Earnings, Contrasting Workday (NASDAQ:WDAY) & D-Wave Quantum (NYSE:QBTS), Strings attached to D-Waves US$50-million PSP loan include giving IP rights, finding new money: filing, D-Wave Successfully Completes SOC 2 Audit, D-Wave Quantum Publishes Research on Quantum Annealing's Performance, D-Wave Demonstrates First-Ever Coherent Quantum Spin Glass Dynamics on More than 5,000 Qubits, D-Wave Quantum (NYSE:QBTS) PT Lowered to $2.00, D-Wave Quantum (NYSE:QBTS) Price Target Cut to $2.00 by Analysts at Roth Mkm, Roth MKM Maintains D-Wave Quantum (QBTS) Buy Recommendation, Benchmark Maintains D-Wave Quantum (QBTS) Buy Recommendation, Insiders who purchased this year lose US$51k as D-Wave Quantum Inc. (NYSE:QBTS) stock drops to US$0.50, InvestorNewsBreaks - D-Wave Quantum Inc. (NYSE: QBTS) Announces Q4 and Year-End 2022 Results, Canadian quantum pioneer D-Wave gets US$50-million lifeline from pension giant PSP, D-Wave Quantum Q4 Sales Flat; Shares Gain On Upbeat Revenue Guidance, D-Wave Reports Fourth Quarter and Year-End 2022 Results, InvestorNewsBreaks - D-Wave Quantum Inc. (NYSE: QBTS) Schedules Q4, FY 2022 Financial Report Release, Earnings Call, D-Wave Quantum Inc. View the, https://www.businesswire.com/news/home/20230427005137/en/, @ the Bell: TSX ends the month in the green, Humana Inc. to Present at the BofA Securities 2023 Healthcare Conference, Ryder CFO to Address Goldman Sachs Industrials & Materials Conference. All rights reserved. D-Wave received $40 million in financing in 2021 from the federal government to support the $120 million development of quantum computer hardware and software systems. Stockhouse.com is owned by Stockhouse Publishing Ltd. 2019 Stockhouse Publishing Ltd. All rights reserved. When analysts report on mature companies, they will often use a discounted cash flow analysis as one tool to try and apply some science to valuing the company. You must click the activation link in order to complete your subscription. Who are D-Wave Quantum's major shareholders? At the time it led the Series B round in to D-Wave it was focussed on investing in private stocks. Do Analysts' Price Targets Make Domino's Pizza Stock Look Tasty?
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