IonQ Q1 revenue $4.3M above high end; raises FY23 revenue outlook to $18.8-19.2M; achieves 29 AQ milestone

IonQ, Inc.

2023-Q1 EPS reported -$0.14 revenue$4,285,000

Revenue $4.3M in Q1 2023, above high end of guidance range, up from $2.0M YoY.
Achieved 29 algorithmic qubits (#AQ) on IonQ Forte, seven months ahead of FY23 target.
New bookings of $4.1M in Q1; cash and investments $525.5M as of March 31, 2023.
Net loss $27.3M; adjusted EBITDA loss $15.9M; non-cash warrant liability loss $3.6M excluded.
Raises FY23 revenue outlook to $18.8M-$19.2M from prior range.

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 1.0

IonQ, Inc. reported the first quarter ended March 31, 2023 results: revenue $4.3 million, net income $27.3 million. Guidance raised.

Period: the first quarter ended March 31, 2023
Revenue: $4.3 million
Net income: $27.3 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 2023 Financial Results First Quarter Results of $4.3 Million in Revenue, Above High End of Range Achieves 2023 Technical Milestone of 29 Algorithmic Qubits with IonQ Forte, AI Work Published Completes Construction of IonQ Aria 2, Bringing

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IonQ, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-142034

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