Ionq Q2 2022 Earnings Report
Key Takeaways
IonQ announced its Q2 2022 financial results, reporting revenue of $2.6 million, a net loss of $1.7 million, and adjusted EBITDA loss of $11.6 million. The company also highlighted advancements in computational power and new customer acquisitions.
IonQ recognized revenue of $2.6 million for the second quarter, compared to $93 thousand in the prior year period.
Cash, cash equivalents and investments were $571.3 million as of June 30, 2022.
Net loss was $1.7 million and adjusted EBITDA loss was $11.6 million.
Aria has increased its computational power by approximately 8x, now reaching #AQ 23, up from #AQ 20.
Ionq
Ionq
Forward Guidance
For the third quarter of 2022, IonQ is expecting revenue of between $2.6 and $2.9 million. For the full year 2022, IonQ has reiterated the previously stated revenue outlook range of $10.2 million to $10.7 million.