D-Wave Quantum Inc. (QBTS) Q1 2025 Earnings Call

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WEBVTT 00:00:00.166 -- 00:00:04.892 Good morning, everyone, and welcome to D-Wave's first quarter of fiscal year 2025 earnings 00:00:04.892 -- 00:00:08.056 conference call. Today's call is being recorded. 00:00:08.056 -- 00:00:11.641 At this time, I'd like to turn the floor over to Kevin Hunt of the Investor Relations. 00:00:11.641 -- 00:00:14.221 Please go ahead. 00:00:14.765 -- 00:00:17.308 Thank you, and good morning. With me today are Dr. 00:00:17.308 -- 00:00:21.800 Alan Barris, our Chief Executive Officer, and John Harkovich, our Chief Financial Officer. 00:00:21.800 -- 00:00:25.025 Before we begin, I'd like to remind everyone that this call may contain forward-looking 00:00:25.025 -- 00:00:28.391 statements that should be considered in conjunction with cautionary statements contained 00:00:28.391 -- 00:00:32.899 in our earnings release and the company's most recent periodic SEC report. 00:00:32.899 -- 00:00:36.364 During today's call, management will provide certain information that will constitute 00:00:36.364 -- 00:00:41.413 non-GAAP financial and operational measures under SEC rules, such as 00:00:41.413 -- 00:00:46.910 non-GAAP gross profit, non-GAAP gross margin, adjusted EBITDA, and bookings. 00:00:46.910 -- 00:00:50.795 Reconciliations to GAAP financial measures and certain additional information are also 00:00:50.795 -- 00:00:54.579 included in today's earnings release, which is available in the investor relations section 00:00:54.579 -- 00:00:57.483 of our company website at 00:00:57.483 -- 00:00:59.185 www.voa.com. 00:00:59.185 -- 00:01:02.269 I'll now hand over the call to Alan. 00:01:02.269 -- 00:01:06.494 Good morning, everyone, and thank you for joining us today. 00:01:06.494 -- 00:01:10.479 I'm really excited to share our results for the first q...