D-Wave Quantum Stock Surges 15% Despite Wider Q4 Loss

(RTTNews) - D-Wave Quantum Inc. (QBTS) is trading at $6.68, up 14.69 percent or $0.86 during Thursday's trading, following the release of its fourth-quarter financial results. The company reported revenue of $2.3 million, down 21 percent from $2.9 million in the same period last year.

The stock opened at $6.06 and has traded between $6.04 and $6.95 today, compared to a previous close of $5.82 on the New York Stock Exchange. Current trading volume stands at 66.33 million shares, below the average volume of 83.76 million. The stock's 52-week range is $0.75 to $11.41.

Net loss for the quarter widened significantly to $86.1 million, an increase of 438 percent from $16.0 million in the previous year.