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Dec 31, 2024
Ionq Q4 2024 Earnings Report
IonQ exceeded revenue guidance and secured major partnerships.
Key Takeaways
IonQ reported strong Q4 2024 results, surpassing revenue expectations with $11.7 million in revenue. The company posted a net loss of $202.0 million, with an adjusted EBITDA loss of $32.8 million. Cash, cash equivalents, and investments totaled $363.8 million. IonQ also secured a major partnership with the Air Force Research Lab and announced its acquisition of a majority stake in ID Quantique.
Revenue of $11.7 million, exceeding the high end of guidance.
Net loss of $202.0 million and adjusted EBITDA loss of $32.8 million.
Cash, cash equivalents, and investments of $363.8 million.
Announced acquisition of a majority stake in ID Quantique to strengthen quantum networking leadership.
Forward Guidance
IonQ expects revenue between $7 million and $8 million in Q1 2025 and full-year revenue between $75 million and $95 million. Adjusted EBITDA loss is projected to be around $120 million for the full year.
Positive Outlook
- Projected revenue growth between $75M and $95M in FY 2025.
- Strong cash position of $363.8 million for future investments.
- Strategic acquisition of ID Quantique to enhance quantum networking leadership.
- Major contracts secured, including a $21.1M deal with the Air Force Research Lab.
- Expansion into global markets with partnerships in South Korea and the UAE.
Challenges Ahead
- Projected adjusted EBITDA loss of $120 million for FY 2025.
- Ongoing high R&D costs impacting profitability.
- Revenue guidance for Q1 2025 set lower at $7M to $8M.
- Stock-based compensation expenses remain a significant cost driver.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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