09:19 AM EST, 01/10/2025 (MT Newswires) -- D-Wave Quantum ( QBTS ) said Friday that its fiscal 2024 bookings are expected to exceed $23 million, up 120% over the year earlier.

The company said the growth is being driven by its first sale of a D-Wave Advantage annealing quantum computing system, which has expanded the company's revenue model to include on-premise system sales.

The company said fiscal Q4 bookings are projected to reach at least $18 million, up 500% from a year earlier.

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