IonQ Q3 revenue $2.8M, bookings $16.4M; secures $13.4M Air Force contract; hits 25 algorithmic qubits milestone

IonQ, Inc.

2022-Q3 EPS reported -$0.15 revenue$1,235,000,000

Revenue $2.8M vs $233K YoY, above guidance midpoint; bookings $16.4M; net loss $24.0M; cash $555.8M.
Signed $13.4M contract with U.S. Air Force Research Lab, a major step toward 2022 bookings goal.
Achieved 2022 technical milestone of 25 algorithmic qubits, a 4x power increase for IonQ Aria.
Announced partnership with Dell Technologies to deliver hybrid quantum-classical computing solutions.
Maintains full-year 2022 guidance; Adjusted EBITDA loss of $13.4M, excluding $1.2M non-cash warrant loss.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

IonQ, Inc. reported the third quarter ended September 30, 2022 results: revenue $2.8 million, net income $24.0 million. Guidance reaffirmed.

Period: the third quarter ended September 30, 2022
Revenue: $2.8 million
Net income: $24.0 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

with our third quarter progress and look forward to continuing to deliver on our track record of success.” Third Quarter 2022 Financial Highlights • IonQ recognized revenue of $2.8 million for the third quarter, above the midpoint of the previously provided range, compared to $233 thousand in the prior year period. • IonQ achieved bookings of $16.4 million for the

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Source: SEC EDGAR

accession 0001193125-22-284591

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