D-Wave Quantum profits miss as bookings explode

D-Wave Quantum (QBTS) reported a wider-than-expected third-quarter loss on Tuesday, while its revenue fell short of estimates. D-Wave stock faltered as order intake soared more than 600% to $37.4 million. In its conference call with Wall Street analysts, the company said it plans to deliver a quantum system to Florida Atlantic University in the fourth quarter. For the quarter ending in September, D-Wave reported a…