Nov. 25 at 7:22 AM
$QBTS Nice move. I will buy some more at these levels. I really want to read some smart bear commentary but unfortunately there are none. Comparing price to sales is irrelevant for frontier tech and an s-curve valuation model is more appropriate.
I think that in addition to the European 10 M€=11 M$, we have unrecognized A2 upgrade revenue (Davidson and Julich), the potential 50% A2 sale to Yonsei (btw S.Korean investors have big stakes in quantum. Google it. I am in Seoul), and I am confident that a new Japanese deal will come eventually (Japanese just take their time). I also wouldn't be surprised if there is a Middle East deal. I think things look good. In the real world it takes time to sell capital expenditure >= 20 M$ like an A2, even to large sized corporates, but all the while the QCaaS revenue should be rising fast.
