IONQ
IonQ Inc
Q4 2024 Report
IonQ Inc (IONQ) Q4 2024 Financial Results: Quantum Computing's Best Year Yet, A Look into 2025...
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Executive Summary
IonQ Inc (NYSE: IONQ) has showcased remarkable progress in its Q3 2024 financial results, achieving a revenue of $12.4 million, which marks an 102.09% increase year-over-year and an 8.95% increase quarter-over-quarter. This growth trajectory is further solidified by the announcement of $63.5 million in contract bookings, highlighting IonQ's strong commercial momentum. Management has raised the full-year revenue guidance to a range between $38.5 million and $42.5 million, reflecting confidence in the company’s operational strategy and execution. Also significant is the agreement to acquire Qubitekk, a move meant to enhance IonQ's capabilities in quantum networking, positioning the company for robust future growth in a market projected to reach $36 billion by 2040.
Key Performance Indicators
Revenue
12.40M
QoQ: 8.95% | YoY:102.09%
Gross Profit
5.89M
47.50% margin
QoQ: 305.02% | YoY:42.56%
Operating Income
-53.14M
QoQ: -8.57% | YoY:-25.93%
Net Income
-52.50M
QoQ: -39.76% | YoY:-17.15%
EPS
-0.24
QoQ: -33.33% | YoY:-9.09%
Revenue Trend
Margin Analysis
Key Insights
**Financial Performance Metrics:** 1. **Revenue:** $12.4 million (YoY: +102.09%, QoQ: +8.95%) 2. **Gross Profit:** $5.885 million (Gross Profit Margin: 47.5%) 3. **Net Income:** $(52.5) million (YoY: -17.15%, QoQ: -39.76%) 4. **EPS:** $(0.24) 5. **Total Operating Costs:** $65.5 million (up 36% YoY) 6. **R&D Expenses:** $33.2 million (up 35% YoY) 7. **Cash Position:** $382.8 million as of September 30, 2024, reflecting significant liquidity to sustain operations and investment. IonQ's i...