D-Wave Quantum Inc. (NYSE:QBTS) Q4 2023 Earnings Conference Call March 28, 2024 8:00 AM ET

Company Participants

Kevin Hunt - Investor Relations
Alan Baratz - Chief Executive Officer
John Markovich - Chief Financial Officer

Conference Call Participants

Suji Desilva - ROTH MKM
David Williams - Benchmark
Harsh Kumar - Piper Sandler
Richard Shannon - Craig-Hallum
Quinn Bolton - Needham & Company
Kevin Garrigan - WestPark Capital
Craig Ellis - B. Riley Securities

Operator

Good day, everyone, and welcome to the D-Wave Q4 2023 Earnings Call. At this time, all participants are in a listen-only mode. Later, you will have the opportunity to ask questions during the question-and-answer session. [Operator Instructions] Please note, today's call will be recorded, and I'll be standing by if you should need any assistance.

It is now my pleasure to turn the conference over to Kevin Hunt, Investor Relations. Please go ahead.

Kevin Hunt

Thank you, and good morning.

With me today are Dr. Alan Baratz, our Chief Executive Officer, and John Markovich, our Chief Financial Officer.

Before we begin, I would like to remind everyone that this call may contain forward-looking statements and should be considered in conjunction with cautionary statements contained in our earnings release and the company's most recent periodic SEC report.

During today's call, management will provide certain information that will constitute non-GAAP financial and operational measures under SEC rules, such as non-GAAP gross profit, non-GAAP operating expenses, adjusted EBITDA, and bookings. Reconciliations to GAAP financial measures and certain additional information are also included in today's earnings release, which is available in the Investor Relations section of our company website at www.dwavequantum.com.

I'll now hand over the call to Alan.

Alan Baratz

Thanks, Kevin. Good morning, everyone, and thank you all for taking the time to join us today.

D-Wave's momentum is undeniable. We're seeing traction and progress across every part of our business, substantive product advancements, ground-breaking scientific results, new strategic partnerships, additions to the executive leadership team, and impressive commercial traction. We're single handedly leading the transition from an academic endeavor exploring quantum's potential to enterprise-scale adoption and deployment, solving our world's toughest problems.

Based on our strategic decision to bring to market a different type of quantum technology, annealing quantum computing, now proven to be able to solve important real world problems that cannot be solved classically, we hold a first-mover advantage that no other company in the world can claim. While the rest of the industry is focused on building gate model systems that won't solve real world problems for many years, we're in the market now, helping customers derive ROI from quantum solutions today.