D-Wave Quantum Inc. (QBTS) revealed Loss for third quarter that missed the Street estimates.
The company's bottom line came in at -$22.71 million, or -$0.11 per share. This compares with -$16.11 million, or -$0.12 per share, in last year's third quarter.
Analysts on average had expected the company to earn -$0.08 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 27.0% to $1.87 million from $2.56 million last year.
D-Wave Quantum Inc. earnings at a glance (GAAP) :
-Earnings (Q3): -$22.71 Mln. vs. -$16.11 Mln. last year.
-EPS (Q3): -$0.11 vs. -$0.12 last year.
-Revenue (Q3): $1.87 Mln vs. $2.56 Mln last year.
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