D-Wave's Pathetic Q2: Flat Revenue, Accelerating Costs, and Fleeing Customers
About D-Wave's pathetic Q2: If we believe that the AT&T deal and others are bringing in meaningful sales, yet revenue is zero... that means that current customers are abandoning the technology.
Coherence Report is the only quantum industry publication on the record for predicting the collapse of D-Wave’s commercial narrative. Reading through the results, it’s clear that:
- Existing commercial clients are abandoning the company, at a rate that is faster than new signings
- Revenue growth is stagnant, which is alarming for a company with a 575x market cap:revenue ratio and $8+ billion valuation
- Op-ex and cash burn is accelerating faster than revenue, which means investors should expect a long period of high dilution
Additionally, D-Wave has not yet revealed any information that disputes whether the FAU deal is a fraud (or at best, a backroom deal that will never come to fruition).
For detailed analysis on the results:
u/StatGeniusAI — 14 days ago