D-Wave Quantum announced yesterday its second quarter and first half financial results ending June 30, 2024. Second quarter revenue was $2.2 million, bookings were $2.7 million, GAAP gross profit was $1.4 million, GAAP operating expenses were $20.2 million, and net loss was $17.8 million. Revenue for the first half of fiscal year was $4.6 million, bookings were $7.2 million, GAAP gross profit was $3 million, GAAP operating expenses were $39.4 million, and net loss was $35.1 million.

Rigetti Computing today announced its financial results for the second quarter ended June 30, 2024. Total revenues were $3.1 million, Total operating expenses were $18.1 million, Operating loss was $16.1 million, Net loss was $12.4 million. As of June 30, it had cash, cash equivalents and available-for-sale securities totaled $100.5 million.