D-wave Quantum Inc. · NYSE:QBTS
D-wave Quantum — Q2 2024 Earnings Presentation
16 slides from D-wave Quantum's earnings presentation, Aug 8, 2024
Slide 1: Q2 2024 Investor Presentation
QUANTUM Q2 2024 Investor Presentation
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS Certain statements in this presentation 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 express
Slide 3: D-Wave at a Glance
D-WAVE AT A GLANCE MARKET LEADER ESTABLISHED PRODUCT PORTFOLIO: • World’s largest Quantum Computer • Accessible through production-grade cloud service • Quantum supremacy paper under peer review Quantum Annealing Real-Time Quantum Cloud Open-Source Python Tools Customer PS On-Ramp GROWING COMMERCIAL
Slide 4: IDC Link analyst perspective on D-Wave Quantum's mission
D-Wave Quantum's mission is to answer all the demands by delivering production-grade solutions that support enterprise customer needs. Because D-Wave Quantum's quantum annealer is specifically built for solving optimization problems, some may argue that the quantum annealer is limited in the type of
Slide 5: Accelerated Quantum AI Efforts with Extended Product Roadmap and Expanded Zapata AI Agreement
ACCELERATED QUANTUM AI EFFORTS WITH EXTENDED PRODUCT ROADMAP AND EXPANDED ZAPATA AI AGREEMENT Quantum AI product roadmap extends D-Wave’s Leap quantum cloud service to include AI and ML DEVELOPMENT STRATEGIC CUSTOMER FOCUS AREAS PARTNERSHIPS USE CASES Quantum distributions for Announced expansion of
Slide 6: 2nd US-Based Advantage Quantum Computer Coming to Davidson Technologies' Alabama HQ
2nd US-BASED ADVANTAGE QUANTUM COMPUTER COMING TO DAVIDSON TECHNOLOGIES’ ALABAMA HQ We announced the forthcoming placement of a SECOND US-BASED D-WAVE ADVANTAGE QUANTUM COMPUTER. This system will be the fourth production quantum computer in D-Wave’s Leap quantum cloud service Located at Davidson Tec
Slide 7: Nearing Completion of Calibration for 4800+ Advantage2 Processor
NEARING COMPLETION OF CALIBRATION FOR 4800+ ADVANTAGE2 PROCESSOR Nearing completion of CALIBRATING A 4800+ QUBIT ADVANTAGE2 PROCESSOR as the next milestone on the path toward the 7000+ qubit Advantage2 product This comes on the heels of launching the 1,200+ qubit Advantage2 prototype and making it a
Slide 8: Introduced New Hybrid Solver for Nonlinear Programs
INTRODUCED NEW HYBRID SOLVER FOR NONLINEAR PROGRAMS New hybrid quantum solver excels at NONLINEAR RELATIONSHIPS between variables It is able to TACKLE PREVIOUSLY INTRACTABLE PROBLEMS in logistics, routing, and scheduling It supports up to TWO MILLION VARIABLES AND CONSTRAINTS, with a tenfold increas
Slide 9: Ongoing Development of New Control Protocols
ONGOING DEVELOPMENT OF NEW CONTROL PROTOCOLS FAST ANNEAL: Introduced in April, this feature helps users perform quantum computations at unprecedented speeds, reducing impact of external disturbances that can hinder quantum calculations. Customers have submitted nearly 2.5 million problems using this
Slide 10: New Customer Hybrid-Quantum Applications
NEW CUSTOMER HYBRID-QUANTUM APPLICATIONS Developed quantum optimization application to generate Exploring vehicle routing quantum optimization a dynamic build-list sequencing schedule that maximizes application to route trucks from 50 depots to a network of vehicle production for the body shop; solu
Slide 11: Qubits Annual User Conference Spotlights Success, Powered by Quantum
QUBITS ANNUAL USER CONFERENCE SPOTLIGHTS “SUCCESS, POWERED BY QUANTUM” Held our TENTH QUBITS QUANTUM COMPUTING CONFERENCE in June 2024, with more than 600 attendees representing 452 organizations from 50 countries participating live or virtually Themed “Success, Powered by Quantum,” conference showc
Slide 12: Growing Government Interest in Annealing Quantum Computing
GROWING GOVERNMENT INTEREST IN ANNEALING QUANTUM COMPUTING UPTICK IN D-WAVE INTEREST FROM MA JOR GOVERNMENT ORGANIZATIONS and companies that service the public sector, to build applications that showcase how quantum computing can address critical public sector and national security activities. Polic
Slide 13: Double-Digit Enrollment in Training Reflects Push for Quantum-Ready Workforce
DOUBLE-DIGIT ENROLLMENT IN TRAINING REFLECTS PUSH FOR QUANTUM-READY WORKFORCE Experienced DOUBLE-DIGIT ENROLLMENT GROWTH FOR OUR QUANTUM TRAINING COURSES in the first six months of 2024, compared to the same period in 2023 Enrollment in the “Quantum Programming Core” course increased by 53%, and all
Slide 14: Addition to Russell 3000 Index Increases D-Wave Awareness
ADDITION TO RUSSELL 3000 INDEX INCREASES D-WAVE AWARENESS WITH GLOBAL INVESTOR COMMUNITY D-WAVE HAS JOINED THE BROAD-MARKET RUSSELL 3000 INDEX Russell indices are used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies Our inclusion
Slide 15: 2024 Q2 Financial Update
2024 Q2 FINANCIAL UPDATE GROWTH IN BOOKINGS, REVENUE, GROSS PROFIT, NUMBER OF CUSTOMERS, COMMERCIAL REVENUE AND CASH YoY Quarterly Bookings YoY Quarterly (1 ) ( 1) (2) - Revenue YoY Quarterly YoY Gross Profit & Margin $3 $2.7M $3 $2 MILLIONS $2.5M MILLIONS MILLIONS $2.2M $1.4M $2 $2 $1.7M $1 $0.7M $
Slide 16: Quantum
QUANTUM 16 COPYRIGHT © D-WAVE