secwatch.observer — SEC 8-K summary
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Issuer:     IonQ, Inc. (IONQ)
CIK:        0001824920
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0001193125-23-142034
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1824920/000119312523142034/0001193125-23-142034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1824920/000119312523142034/d466863d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-142034

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