D-Wave Quantum (QBTS) reported a Q4 adjusted net loss Thursday of $0.08 per diluted share, compared with a $0.10 loss a year earlier.

Analysts polled by FactSet expected a $0.06 loss.

Revenue for the quarter ended Dec. 31 was $2.3 million, down from $2.9 million a year earlier.

Analysts surveyed by FactSet expected $2.2 million.

The company said it expects Q1 revenue to exceed $10 million. Analysts polled by FactSet expect $2.5 million.

D-Wave shares were up 5% in recent premarket activity.