IonQ Announces Third Quarter 2024 Financial Results
IonQ announced its third-quarter 2024 financial results, reporting revenue of $12.4 million, a 102% year-over-year growth. The company secured $63.5 million in bookings, including a significant $54.5 million contract with the United States Air Force Research Lab. IonQ raised its full-year revenue guidance to between $38.5 million and $42.5 million. Additionally, IonQ entered into several strategic partnerships, including a $9 million deal with the University of Maryland and agreements with AstraZeneca and Ansys. The company also announced the acquisition of Qubitekk to enhance its quantum networking capabilities. Despite these achievements, IonQ reported a net loss of $52.5 million and an Adjusted EBITDA loss of $23.7 million for the quarter.
IonQ ha annunciato i risultati finanziari del terzo trimestre 2024, riportando un fatturato di 12,4 milioni di dollari, con una crescita del 102% rispetto all'anno precedente. L'azienda ha ottenuto 63,5 milioni di dollari in prenotazioni, inclusi un significativo contratto da 54,5 milioni di dollari con il Laboratorio di Ricerca dell'Air Force degli Stati Uniti. IonQ ha aumentato le sue previsioni di fatturato per l'intero anno a tra 38,5 milioni e 42,5 milioni di dollari. Inoltre, IonQ ha intrapreso diverse partnership strategiche, incluso un accordo da 9 milioni di dollari con la Università del Maryland e intese con AstraZeneca e Ansys. L'azienda ha inoltre annunciato l'acquisizione di Qubitekk per migliorare le sue capacità di networking quantistico. Nonostante questi successi, IonQ ha riportato una perdita netta di 52,5 milioni di dollari e una perdita di EBITDA rettificato di 23,7 milioni di dollari per il trimestre.
IonQ anunció sus resultados financieros del tercer trimestre de 2024, reportando ingresos de 12,4 millones de dólares, un crecimiento del 102% en comparación con el año anterior. La empresa aseguró 63,5 millones de dólares en reservas, incluyendo un contrato significativo de 54,5 millones de dólares con el Laboratorio de Investigación de la Fuerza Aérea de los Estados Unidos. IonQ elevó su guía de ingresos para el año completo a entre 38,5 millones y 42,5 millones de dólares. Además, IonQ estableció varias asociaciones estratégicas, incluyendo un acuerdo de 9 millones de dólares con la Universidad de Maryland y acuerdos con AstraZeneca y Ansys. La empresa también anunció la adquisición de Qubitekk para mejorar sus capacidades de redes cuánticas. A pesar de estos logros, IonQ reportó una pérdida neta de 52,5 millones de dólares y una pérdida de EBITDA ajustado de 23,7 millones de dólares para el trimestre.
IonQ는 2024년 3분기 재무 결과를 발표하며 수익이 1,240만 달러로, 전년 대비 102% 성장했다고 보고했습니다. 이 회사는 6,350만 달러의 예약을 확보했으며, 미국 공군 연구소와의 중요한 계약인 5,450만 달러를 포함합니다. IonQ는 연간 수익 예측을 3,850만 달러에서 4,250만 달러 사이로 상향 조정했습니다. 또한, IonQ는 메릴랜드 대학교와의 900만 달러 계약을 포함한 여러 전략적 파트너십을 체결했습니다. AstraZeneca와 Ansys와의 협약도 포함됩니다. 이 회사는 양자 네트워킹 기능을 향상시키기 위해 Qubitekk을 인수했다고 발표했습니다. 이러한 성과에도 불구하고 IonQ는 순손실 5,250만 달러와 조정된 EBITDA 손실 2,370만 달러를 보고했습니다.
IonQ a annoncé ses résultats financiers pour le troisième trimestre 2024, avec un chiffre d'affaires de 12,4 millions de dollars, enregistrant une croissance de 102 % par rapport à l'année précédente. L'entreprise a sécurisé 63,5 millions de dollars en réservations, y compris un contrat significatif de 54,5 millions de dollars avec le Laboratoire de recherche de l'Armée de l'air des États-Unis. IonQ a relevé ses prévisions de chiffre d'affaires pour l'année à entre 38,5 millions et 42,5 millions de dollars. De plus, IonQ a établi plusieurs partenariats stratégiques, y compris un contrat de 9 millions de dollars avec l'Université du Maryland et des accords avec AstraZeneca et Ansys. L'entreprise a également annoncé l'acquisition de Qubitekk pour améliorer ses capacités de réseau quantique. Malgré ces succès, IonQ a enregistré une perte nette de 52,5 millions de dollars et une perte d'EBITDA ajusté de 23,7 millions de dollars pour le trimestre.
IonQ hat seine finanziellen Ergebnisse für das dritte Quartal 2024 bekannt gegeben und einen Einnahmen von 12,4 Millionen Dollar gemeldet, was einem Wachstum von 102% im Vergleich zum Vorjahr entspricht. Das Unternehmen sicherte sich 63,5 Millionen Dollar an Buchungen, darunter einen erheblichen 54,5 Millionen Dollar Vertrag mit dem Forschungsinstitut der US-Luftwaffe. IonQ hob seine Umsatzprognose für das Gesamtjahr auf zwischen 38,5 Millionen und 42,5 Millionen Dollar an. Darüber hinaus ging IonQ mehrere strategische Partnerschaften ein, einschließlich eines 9 Millionen Dollar Deals mit der Universität Maryland sowie Vereinbarungen mit AstraZeneca und Ansys. Das Unternehmen kündigte auch die Übernahme von Qubitekk an, um seine quantenbasierte Netzwerkfähigkeit zu verbessern. Trotz dieser Erfolge berichtete IonQ von einem nettoverlust von 52,5 Millionen Dollar und einem bereinigten EBITDA-Verlust von 23,7 Millionen Dollar für das Quartal.
- Third-quarter revenue of $12.4 million, representing 102% year-over-year growth.
- Full-year revenue guidance raised to between $38.5 million and $42.5 million.
- Secured $63.5 million in bookings, including a $54.5 million contract with the United States Air Force Research Lab.
- Announced acquisition of Qubitekk to enhance quantum networking capabilities.
- $9 million partnership with the University of Maryland.
- Strategic partnerships with AstraZeneca and Ansys.
- Reported net loss of $52.5 million for the third quarter.
- Adjusted EBITDA loss of $23.7 million for the third quarter.
Insights
The Q3 results demonstrate remarkable momentum with
However, the
The technical achievements in remote ion-ion entanglement mark a important milestone in quantum networking development. Partnerships with NKT Photonics and imec for photonic integrated circuits and chip-scale ion trap technology address key scalability challenges. These advancements could significantly reduce hardware costs while improving performance.
The AFRL contract specifically targeting quantum networking compatibility with existing telecommunications infrastructure positions IonQ advantageously in the quantum networking space. The Qubitekk acquisition, bringing 118 patents, further strengthens this position and accelerates commercialization potential.
-
Exceeds High End of Guidance Range with Third Quarter Revenue of
, Representing$12.4 Million 102% Year-Over-Year Growth -
Raises Full Year Revenue Guidance to Between
and$38.5 Million $42.5 Million -
Secures
in Third Quarter Bookings, Including Largest 2024 U.S. Quantum Contract Award of$63.5 Million with United States Air Force Research Lab$54.5 Million - Signs Definitive Agreement to Acquire Qubitekk, Furthering Leadership in Quantum Networking
- Enters New Era of Quantum Networking Commercialization, with Significant Government Backing
- Announces Plan to Partner with AstraZeneca to Accelerate Drug Discovery and Development
-
Announces Partnership with Ansys to Bring the Power of Quantum to the
Computer-Aided Engineering Industry$10 Billion -
Signs
Partnership with University of$9 Million Maryland to Drive Quantum Innovation
“We had yet another banner quarter at IonQ, booking
“For the first time in IonQ’s history, we are announcing a plan to partner on the development of quantum applications for a production use case with AstraZeneca,” said Chapman. “We believe this monumental collaboration will be the first step to validate the years of pioneering research we have conducted in quantum chemistry.”
Financial Highlights
-
IonQ recognized revenue of
for the third quarter, which is above the high end of the previously provided range and represents$12.4 million 102% growth compared to in the prior year period.$6.1 million -
IonQ achieved
in new bookings for the third quarter.$63.5 million -
Cash, cash equivalents, and investments were
as of September 30, 2024.$382.8 million -
Net loss was
and Adjusted EBITDA loss was$52.5 million for the third quarter.* Exclusions from Adjusted EBITDA include a non-cash loss of$23.7 million related to the change in the fair value of IonQ’s warrant liabilities.$3.9 million
*Adjusted EBITDA is a non-GAAP financial measure defined under “Non-GAAP Financial Measures,” and is reconciled to net loss, its closest comparable GAAP measure, at the end of this release.
Q3 and Recent Commercial Highlights
-
IonQ announced a
contract with the United States Air Force Research Lab (AFRL) to design, develop, and deliver technology and hardware that enables the scaling, networking, and deployability of quantum systems. The project will help advance quantum networking compatibility with existing telecommunications infrastructure, interoperability with different quantum systems and devices, and deployability of systems suitable for various environments. The contract is IonQ’s third with AFRL and will be delivered over four years.$54.5 million -
IonQ announced a
agreement with the University of$9 million Maryland (UMD) to expand their partnership to provide state-of-the-art quantum computing access at the National Quantum Lab atMaryland (QLab). QLab provides UMD-affiliated students, faculty, researchers, staff, and partners with an unprecedented opportunity to work closely with IonQ’s scientists and engineers as they gain experience with industry-leading trapped ion quantum computers. -
IonQ signed a definitive agreement to acquire substantially all of the assets and team of Qubitekk, Inc., a
Vista, CA -based quantum networking company. As part of the transaction, which IonQ anticipates closing within the next six months, IonQ will fortify its leading position in the quantum networking industry by bringing on Qubitekk's team, customer base, and technology portfolio of 118 U.S. and international granted patents in the areas of quantum networking hardware and quantum network security and protection. -
IonQ announced the creation of a new quantum application development center in collaboration with AstraZeneca. IonQ will be leveraging the power of its quantum experts and AstraZeneca’s world-class scientists to develop applications in their innovation BioVentureHub in
Gothenburg, Sweden . - IonQ announced a partnership with Ansys to accelerate simulation, expand high-fidelity design exploration, and reduce product development timelines, enabling faster market entry for more innovative products. The partnership is aimed at making simulation accessible to both quantum experts and non-experts by allowing seamless integration between Ansys software and IonQ computers.
Technical Highlights
- IonQ demonstrated remote ion-ion entanglement, the second of four significant milestones required to develop at-scale photonic interconnects. The IonQ team achieved remote entanglement by developing a system to collect photons from two trap wells and route them to a single detection hub. This critical “point-to-point” step established a quantum communication link, an essential element in scaling quantum systems.
- IonQ announced a partnership with NKT Photonics to develop next-generation laser systems to power future quantum computers. The partnership includes NKT Photonics developing and delivering three prototype optical subsystems to IonQ in 2025, designed to support the commercialization of IonQ’s data center-ready quantum computers – such as IonQ Tempo and future barium-based systems.
- IonQ announced a partnership with imec – a world-renowned R&D center in nanoelectronics and digital technologies – to develop photonic integrated circuits and chip-scale ion trap technology. With these ground-breaking technologies, IonQ aims to reduce overall hardware system size and cost, increase qubit count, and improve system performance and scale.
2024 Financial Outlook
-
For the full year 2024, IonQ is raising its revenue expectations to between
and$38.5 million , with between$42.5 million and$7.1 million for the fourth quarter.$11.1 million -
For the full year 2024, IonQ is reiterating its previously stated bookings range of between
and$75 million .$95 million
Third Quarter 2024 Conference Call
IonQ will host a conference call today at 4:30 p.m. Eastern time to review the Company’s financial results for the third quarter ended September 30, 2024 and to provide a business update. The call will be accessible by telephone at 877-407-4078 (domestic) or +1-201-689-8471 (international). The call will also be available live via webcast on the Company’s website here, or directly here. A telephone replay of the conference call will be available approximately three hours after its conclusion at 844-512-2921 (domestic) or 412-317-6671 (international) with access code 13748910 and will be available until 11:59 p.m. Eastern time, November 20, 2024. An archive of the webcast will also be available here shortly after the call and will remain available for one year.
Non-GAAP Financial Measures
To supplement IonQ’s condensed consolidated financial statements presented in accordance with GAAP, IonQ uses non-GAAP measures of certain components of financial performance. Adjusted EBITDA is a financial measure that is not required by or presented in accordance with GAAP. Management believes that this measure provides investors an additional meaningful method to evaluate certain aspects of the Company’s results period over period. Adjusted EBITDA is defined as net loss before interest income, interest expense, income tax expense, depreciation and amortization expense, stock-based compensation, change in fair value of assumed warrant liabilities, and other non-recurring non-operating income and expenses. IonQ uses Adjusted EBITDA to measure the operating performance of its business, excluding specifically identified items that it does not believe directly reflect its core operations and may not be indicative of recurring operations. The presentation of non-GAAP financial measures is not meant to be considered in isolation or as a substitute for the financial results prepared in accordance with GAAP, and IonQ’s non-GAAP measures may be different from non-GAAP measures used by other companies. IonQ shows a reconciliation of GAAP to non-GAAP financial measures at the end of this release.
About IonQ
IonQ, Inc. is a leader in quantum computing that delivers high-performance systems capable of solving the world’s largest and most complex commercial and research use cases. IonQ’s current generation quantum computer, IonQ Forte, is the latest in a line of cutting-edge systems, boasting 36 algorithmic qubits. The Company’s innovative technology and rapid growth were recognized in Fast Company’s 2023 Next Big Things in Tech List and Deloitte’s 2023 Technology Fast 500™ List, respectively. Available through all major cloud providers, IonQ is making quantum computing more accessible and impactful than ever before. Learn more at IonQ.com.
IonQ Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Some of the forward-looking statements can be identified by the use of forward-looking words. Statements that are not historical in nature, including the words “anticipate,” “expect,” “suggests,” “plan,” “believe,” “intend,” “estimates,” “targets,” “projects,” “should,” “could,” “would,” “may,” “will,” “forecast,” “offers,” and other similar expressions are intended to identify forward-looking statements. These statements include those related to IonQ’s position in the quantum networking sector; its planned partnership with AstraZeneca to develop production applications; the expected progress of IonQ’s application development collaborations; the closing of its transaction to acquire substantially all of the assets of Qubitekk, Inc., including its patents; the expected hiring of Qubitekk employees; the delivery of hardware and technology by IonQ under its contract with AFRL; advancement of quantum networking technology; the expected delivery to IonQ of components for its next generation systems; IonQ’s development of applications in AstraZeneca’s BioVentureHub; the Company’s technology driving commercial applications in the future; the Company’s future financial and operating performance, including our preliminary outlook and guidance; the appearance of new applications of IonQ’s products and services; the ability for third parties to implement IonQ’s offerings to solve their problems and increase their quantum computing capabilities; expansion of IonQ’s sales pipeline; IonQ’s quantum computing capabilities and plans; future deliveries of and access to IonQ’s quantum computers and services; future purchases of IonQ’s offerings by customers using congressionally-appropriated funds from the
IonQ, Inc. |
||||||||||||||||
Condensed Consolidated Statements of Operations |
||||||||||||||||
(unaudited) |
||||||||||||||||
(in thousands, except share and per share data) |
||||||||||||||||
|
|
Three Months Ended
|
|
Nine Months Ended
|
||||||||||||
|
|
2024 |
|
2023 |
|
2024 |
|
2023 |
||||||||
Revenue |
|
$ |
12,400 |
|
|
$ |
6,136 |
|
|
$ |
31,363 |
|
|
$ |
15,936 |
|
Costs and expenses: |
|
|
|
|
|
|
|
|
||||||||
Cost of revenue (excluding depreciation and amortization) |
|
|
6,515 |
|
|
|
2,008 |
|
|
|
15,552 |
|
|
|
4,945 |
|
Research and development |
|
|
33,178 |
|
|
|
24,599 |
|
|
|
96,750 |
|
|
|
60,701 |
|
Sales and marketing |
|
|
6,630 |
|
|
|
5,047 |
|
|
|
19,468 |
|
|
|
11,289 |
|
General and administrative |
|
|
14,322 |
|
|
|
13,927 |
|
|
|
41,395 |
|
|
|
35,438 |
|
Depreciation and amortization |
|
|
4,890 |
|
|
|
2,749 |
|
|
|
13,150 |
|
|
|
6,869 |
|
Total operating costs and expenses |
|
|
65,535 |
|
|
|
48,330 |
|
|
|
186,315 |
|
|
|
119,242 |
|
Loss from operations |
|
|
(53,135 |
) |
|
|
(42,194 |
) |
|
|
(154,952 |
) |
|
|
(103,306 |
) |
Gain (loss) on change in fair value of warrant liabilities |
|
|
(3,868 |
) |
|
|
(7,640 |
) |
|
|
11,398 |
|
|
|
(26,787 |
) |
Interest income, net |
|
|
4,508 |
|
|
|
5,007 |
|
|
|
14,108 |
|
|
|
14,115 |
|
Other income (expense), net |
|
|
15 |
|
|
|
55 |
|
|
|
(164 |
) |
|
|
150 |
|
Loss before income tax expense |
|
|
(52,480 |
) |
|
|
(44,772 |
) |
|
|
(129,610 |
) |
|
|
(115,828 |
) |
Income tax benefit (expense) |
|
|
(16 |
) |
|
|
(39 |
) |
|
|
(39 |
) |
|
|
(39 |
) |
Net loss |
|
$ |
(52,496 |
) |
|
$ |
(44,811 |
) |
|
$ |
(129,649 |
) |
|
$ |
(115,867 |
) |
Net loss per share attributable to common stockholders—basic and diluted |
|
$ |
(0.24 |
) |
|
$ |
(0.22 |
) |
|
$ |
(0.61 |
) |
|
$ |
(0.57 |
) |
Weighted average shares used in computing net loss per share attributable to common stockholders—basic and diluted |
|
|
214,305,053 |
|
|
|
203,390,383 |
|
|
|
211,378,045 |
|
|
|
201,656,916 |
|
IonQ, Inc. |
||||||||
Condensed Consolidated Balance Sheets |
||||||||
(unaudited) |
||||||||
(in thousands) |
||||||||
|
|
September 30, |
|
December 31, |
||||
|
|
2024 |
|
2023 |
||||
Assets |
|
|
|
|
||||
Current assets: |
|
|
|
|
||||
Cash and cash equivalents |
|
$ |
30,172 |
|
|
$ |
35,665 |
|
Short-term investments |
|
|
335,538 |
|
|
|
319,776 |
|
Accounts receivable |
|
|
4,137 |
|
|
|
11,467 |
|
Prepaid expenses and other current assets |
|
|
25,553 |
|
|
|
23,081 |
|
Total current assets |
|
|
395,400 |
|
|
|
389,989 |
|
Long-term investments |
|
|
17,131 |
|
|
|
100,489 |
|
Property and equipment, net |
|
|
49,454 |
|
|
|
37,515 |
|
Operating lease right-of-use assets |
|
|
10,029 |
|
|
|
4,613 |
|
Intangible assets, net |
|
|
17,487 |
|
|
|
15,077 |
|
Goodwill |
|
|
727 |
|
|
|
742 |
|
Other noncurrent assets |
|
|
7,683 |
|
|
|
5,155 |
|
Total Assets |
|
$ |
497,911 |
|
|
$ |
553,580 |
|
Liabilities and Stockholders’ Equity |
|
|
|
|
||||
Current liabilities: |
|
|
|
|
||||
Accounts payable |
|
$ |
4,854 |
|
|
$ |
5,599 |
|
Accrued expenses |
|
|
15,657 |
|
|
|
18,376 |
|
Current portion of operating lease liabilities |
|
|
3,089 |
|
|
|
710 |
|
Unearned revenue |
|
|
8,332 |
|
|
|
12,087 |
|
Current portion of stock option early exercise liabilities |
|
|
392 |
|
|
|
392 |
|
Total current liabilities |
|
|
32,324 |
|
|
|
37,164 |
|
Operating lease liabilities, net of current portion |
|
|
15,214 |
|
|
|
7,395 |
|
Unearned revenue, net of current portion |
|
|
60 |
|
|
|
447 |
|
Stock option early exercise liabilities, net of current portion |
|
|
154 |
|
|
|
448 |
|
Warrant liabilities |
|
|
11,607 |
|
|
|
23,004 |
|
Other noncurrent liabilities |
|
|
2,869 |
|
|
|
128 |
|
Total liabilities |
|
$ |
62,228 |
|
|
$ |
68,586 |
|
Stockholders’ Equity: |
|
|
|
|
||||
Common stock |
|
$ |
22 |
|
|
$ |
20 |
|
Additional paid-in capital |
|
|
917,048 |
|
|
|
839,014 |
|
Accumulated deficit |
|
|
(481,722 |
) |
|
|
(352,073 |
) |
Accumulated other comprehensive income (loss) |
|
|
335 |
|
|
|
(1,967 |
) |
Total stockholders’ equity |
|
|
435,683 |
|
|
|
484,994 |
|
Total Liabilities and Stockholders’ Equity |
|
$ |
497,911 |
|
|
$ |
553,580 |
|
IonQ, Inc. |
||||||||
Condensed Consolidated Statements of Cash Flows |
||||||||
(unaudited) |
||||||||
(in thousands) |
||||||||
|
|
Nine Months Ended
|
||||||
|
|
2024 |
|
2023 |
||||
Cash flows from operating activities: |
|
|
|
|
||||
Net loss |
|
$ |
(129,649 |
) |
|
$ |
(115,867 |
) |
Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
|
|
||||
Depreciation and amortization |
|
|
13,150 |
|
|
|
6,869 |
|
Non-cash research and development arrangements |
|
|
390 |
|
|
|
390 |
|
Stock-based compensation |
|
|
67,607 |
|
|
|
38,549 |
|
(Gain) loss on change in fair value of warrant liabilities |
|
|
(11,398 |
) |
|
|
26,787 |
|
Amortization of premiums and accretion of discounts on available-for-sale securities |
|
|
(7,086 |
) |
|
|
(7,287 |
) |
Other, net |
|
|
3,901 |
|
|
|
1,036 |
|
Changes in operating assets and liabilities: |
|
|
|
|
||||
Accounts receivable |
|
|
7,341 |
|
|
|
946 |
|
Prepaid expenses and other current assets |
|
|
(9,899 |
) |
|
|
(7,545 |
) |
Accounts payable |
|
|
(463 |
) |
|
|
975 |
|
Accrued expenses |
|
|
612 |
|
|
|
8,066 |
|
Unearned revenue |
|
|
(4,232 |
) |
|
|
(4,944 |
) |
Other assets and liabilities |
|
|
3,471 |
|
|
|
(156 |
) |
Net cash provided by (used in) operating activities |
|
$ |
(66,255 |
) |
|
$ |
(52,181 |
) |
Cash flows from investing activities: |
|
|
|
|
||||
Purchases of property and equipment |
|
|
(14,399 |
) |
|
|
(6,544 |
) |
Capitalized software development costs |
|
|
(3,064 |
) |
|
|
(3,134 |
) |
Intangible asset acquisition costs |
|
|
(1,201 |
) |
|
|
(1,057 |
) |
Purchases of available-for-sale securities |
|
|
(241,162 |
) |
|
|
(230,350 |
) |
Maturities of available-for-sale securities |
|
|
318,192 |
|
|
|
285,665 |
|
Net cash provided by (used in) investing activities |
|
$ |
58,366 |
|
|
$ |
44,580 |
|
Cash flows from financing activities: |
|
|
|
|
||||
Proceeds from stock options exercised |
|
|
2,270 |
|
|
|
775 |
|
Other financing, net |
|
|
144 |
|
|
|
9 |
|
Net cash provided by (used in) financing activities |
|
$ |
2,414 |
|
|
$ |
784 |
|
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash |
|
|
4 |
|
|
|
3 |
|
Net change in cash, cash equivalents and restricted cash |
|
|
(5,471 |
) |
|
|
(6,814 |
) |
Cash, cash equivalents and restricted cash at the beginning of the period |
|
|
38,081 |
|
|
|
46,367 |
|
Cash, cash equivalents and restricted cash at the end of the period |
|
$ |
32,610 |
|
|
$ |
39,553 |
|
IonQ, Inc. |
||||||||||||||||
Reconciliation of Net Loss to Adjusted EBITDA |
||||||||||||||||
(unaudited) |
||||||||||||||||
(in thousands) |
||||||||||||||||
|
|
Three Months Ended
|
|
Nine Months Ended
|
||||||||||||
|
|
2024 |
|
2023 |
|
2024 |
|
2023 |
||||||||
Net loss |
|
$ |
(52,496 |
) |
|
$ |
(44,811 |
) |
|
$ |
(129,649 |
) |
|
$ |
(115,867 |
) |
Interest income, net |
|
|
(4,508 |
) |
|
|
(5,007 |
) |
|
|
(14,108 |
) |
|
|
(14,115 |
) |
Interest expense |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Income tax (benefit) expense |
|
|
16 |
|
|
|
39 |
|
|
|
39 |
|
|
|
39 |
|
Depreciation and amortization |
|
|
4,890 |
|
|
|
2,749 |
|
|
|
13,150 |
|
|
|
6,869 |
|
Stock-based compensation |
|
|
24,567 |
|
|
|
16,977 |
|
|
|
67,607 |
|
|
|
38,549 |
|
(Gain) loss on change in fair value of warrant liabilities |
|
|
3,868 |
|
|
|
7,640 |
|
|
|
(11,398 |
) |
|
|
26,787 |
|
Adjusted EBITDA |
|
$ |
(23,663 |
) |
|
$ |
(22,413 |
) |
|
$ |
(74,359 |
) |
|
$ |
(57,738 |
) |
View source version on businesswire.com: https://www.businesswire.com/news/home/20241106385224/en/
IonQ Media Contact:
Tyler Ogoshi
press@ionq.com
IonQ Investor Contact:
investors@ionq.com
Source: IonQ
FAQ
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