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Sep 30, 2022
Ionq Q3 2022 Earnings Report
IonQ reported Q3 2022 results with revenue of $2.8M and bookings of $16.4M, achieving its technical milestone of 25 algorithmic qubits and increasing the power of IonQ Aria by 4x.
Key Takeaways
IonQ announced Q3 2022 financial results with revenue of $2.8 million and bookings of $16.4 million. The company achieved its technical milestone of 25 algorithmic qubits, increasing the power of IonQ Aria by 4x. IonQ also signed a $13.4 million contract with the U.S. Air Force Research Lab.
Recognized revenue of $2.8 million, exceeding the midpoint of the previously provided range.
Achieved bookings of $16.4 million.
Cash, cash equivalents and investments were $555.8 million as of September 30, 2022.
Net loss was $24.0 million and Adjusted EBITDA was ($13.4) million.
Ionq
Ionq
Forward Guidance
IonQ provided financial outlook for Q4 2022 and reiterated full year 2022 revenue and bookings guidance.
Positive Outlook
- For the fourth quarter of 2022, IonQ is expecting revenue of between $2.9 million and $3.4 million.
- For the full year 2022, IonQ is reiterating the previously stated revenue outlook range of $10.2 million to $10.7 million.
- IonQ is maintaining its previously stated bookings range of $23 million to $27 million for the full year 2022.