D-Wave Quantum (QBTS) Revenue — Quarter Ended Jun 30, 2023
Revenue increased in the quarter. Both sequential and year-over-year comparisons showed growth.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue increased in the quarter. Both sequential and year-over-year comparisons showed growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.7M
Revenue reported for this quarter.
Quarter-over-quarter
+7.8%
Change from the immediately preceding quarter.
Year-over-year
+24.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.4M
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $1.7M | +29.7% |
| Dec 31, 2022 | $2.4M | -1.3% |
| Mar 31, 2023 | $1.6M | -7.6% |
| Jun 30, 2023 | $1.7M | +24.5% |
Revenue performance
The company reported higher revenue compared to the prior quarter, reversing the decline seen in the previous period.
Quarterly comparison
Revenue also rose compared to the same quarter a year earlier, continuing an upward trend over the longer term.
What to watch
Monitor the company's ability to sustain revenue growth amid ongoing operating losses.