The harsh realities of the quantum ecosystem are dawning on markets as two prominent quantum vendors acknowledge they are at risk of being delisted following shares dropping below the $1 mark.on Friday revealing that it had been notified by the New York Stock Exchange on October 2 that it was not in compliance with the Listed Company rules because the average closing price of its common stock was less than $1 over a consecutive 30-day trading period.
D-Wave, a quantum pioneer, has built its business around a type of processing called quantum annealing, which is useful for some optimization problems. The company has also started to develop its own version of quantum gate technology pursued by other companies in the field. In its most recent earnings report for Q2, D-Wave listed revenue of $2.2 million, which it cited as an increase of $0.5 million, or 28 percent, over the same period last year. It also claimed that bookings for the quarter stood at $2.7 million, an increase of 6 percent year-on-year.Quantinuum inches closer to fault-tolerant quantum with a 56 qubit machine