secwatch.observer — SEC 8-K summary
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Issuer:     IonQ, Inc. (IONQ)
CIK:        0001824920
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0000950170-24-055629
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1824920/000095017024055629/0000950170-24-055629-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1824920/000095017024055629/ionq-20240508.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-055629

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer