Q: Hello 5i Team,
What are your thoughts on D wave quantum?
What are your thoughts on D wave quantum?
5i Research Answer:
QBTS is up 51% over the last year. It is a small cap name at $241.7M in market cap, has small revenues, is unprofitable, and is burning through cash. It also has a bit of debt with net debt at $31.5M. It is a small speculative company but consensus calls for revenues to start doubling over the next two years. We think it is highly risky and would want to see more progress in terms of revenue growth before fully considering it.