Inc. announced that fiscal year 2024 bookings will exceed $23 million, an increase of approximately 120% over fiscal year 2023 bookings. Contributing to the growth in bookings, the company also announced the first-ever customer purchase of a D-Wave Advantage annealing quantum computing system reflecting a significant expansion to the company’s revenue model as it broadens its overall go-to-market offering to include on-premise system sales.

Driven by the first sale of its Advantage annealing quantum computing system, D-Wave Quantum Inc. ( NYSE:QBTS) had its fiscal 2024 bookings jump 120% to almost $23 million. This represents a significant advance with D-Wave is broadening its revenue model to include on-site solutions in addition to its current cloud offerings.

In a report released today, Richard Shannon from Craig-Hallum assigned a Buy rating to D-Wave Quantum (QBTS – Research Report). The company’s