Q: Hi All at 5i! I am just curious abut your thoughts on D wave quantum inc as to its profitability and future prospects .
Thanks,
Tamara
Thanks,
Tamara
5i Research Answer:
The quantum space has soared this week with some chip news and the sector has heated up again in general. QBTS is now $8B market cap, with $800M cash. Expected revenue this year: $44M. It is at 182x sales, and expectations are extreme here. It is hard to endorse fundamentally. It will move with the sector. Now, the sector does probably have some legs, but we would prefer IONQ, and all of these need to be be considered very risky.