D-Wave Quantum is trading 7.68% down at $19.93 after second-quarter revenue of $3.1 million missed the approximately $4.03 million consensus estimate, while adjusted losses disappointed investors.
- First-half bookings surged 1,120% to $35.5 million, including a $20 million system sale.
- Much of that revenue will be recognized later, and the timing gap between strong bookings and weak current revenue appears to be pressuring shares.