Business Context and Reporting Period
D-Wave Quantum Inc. filed this Form 8-K on August 10, 2023, under Item 2.02 to furnish its financial results for the fiscal second quarter ended June 30, 2023. The filing identifies D-Wave as a Delaware corporation headquartered in Burnaby, British Columbia, with common stock trading under QBTS and warrants under QBTS.WT on the New York Stock Exchange.
Financial Metrics
The filing states that a press release announcing second-quarter financial results was issued as Exhibit 99.1, but the press release text and related financial figures are not included in the provided filing content. Revenue, profit or loss, cash flow, margins, debt, liquidity, and other financial metrics therefore cannot be determined from this text.
Material Changes Versus Prior Period
The filing text does not provide a clear comparison with the prior comparable period or identify specific changes in operating or financial performance.
Guidance, Outlook, Risks, and Unusual Items
No guidance, outlook, management commentary, risks, contingencies, or unusual items are provided in the filing text beyond the announcement that second-quarter results were issued separately.
The information in the Form 8-K and accompanying exhibit is furnished rather than filed for purposes of Section 18 of the Exchange Act and is not subject to Section 18 liability unless expressly incorporated by reference.
Investor Verification Items
- Obtain and review Exhibit 99.1 for the actual second-quarter financial results and management commentary.
- Verify revenue, net loss, adjusted metrics, cash flow, cash balance, debt, liquidity, and year-over-year comparisons in the press release or related financial statements.
- Review any guidance, bookings or other operating metrics, customer developments, and forward-looking risk disclosures in Exhibit 99.1.
- Confirm the terms of the listed warrants, which are exercisable for 1.4541326 shares of common stock per whole warrant at an exercise price of $11.50.