IonQ Q1 revenue $7.6M beats guidance, up 77% YoY; raises 2024 bookings guidance to $75-95M

IonQ, Inc.

2024-Q1 EPS reported -$0.19 revenue$7,582,000

Revenue $7.6M beats $6.5-7.5M guidance; 77% YoY growth from $4.3M.
Net loss $39.6M; Adjusted EBITDA loss $27.0M. Cash $434.4M at quarter end.
Q1 bookings $0.3M; full-year bookings guidance raised to $75-95M; sales pipeline expanding.
Hired Stacey Giamalis as CLO and Dr. Martin Roetteler as Head of Quantum Applications.
Oak Ridge National Labs uses IonQ for U.S. national power grid energy optimization research.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

IonQ, Inc. reported the first quarter ended March 31, 2024 results: revenue $7.6 million, net income Net loss was $39.6 million. Guidance raised.

Period: the first quarter ended March 31, 2024
Revenue: $7.6 million
Net income: Net loss was $39.6 million
Guidance: raised
Result: reported results

Exact text from the filing

set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 IonQ Announces First Quarter 2024 Financial Results First Quarter Results of $7.6 Million in Revenue, Exceeding High End of Guidance Range, Representing 77% Year-Over-Year Growth Sales Pipeline Expanding in Deal Size and Volume with Improving Visibility Bookings

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Source: SEC EDGAR

accession 0000950170-24-055629

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