IONQ - IonQ Stock Pops On Q1 Earnings: Revenue Beat EPS Beat Stronger Guidance On Increased Visibility And More | Benzinga
IonQ Inc (NYSE:IONQ) reported first-quarter financial results Wednesday after the bell. Here’s a look at what you need to know.
Q1 Earnings: IonQ said first-quarter revenue increased 77% year-over-year to $7.582 million, which beat the consensus estimate of $7.075 million, according to Benzinga Pro. The quantum computing company reported a quarterly loss of 19 cents per share, which beat analyst estimates for a loss of 24 cents per share.
IonQ said it achieved $300,000 worth of new bookings in the first quarter. The company ended the quarter with $434.4 million in cash, equivalents and investments.
“We kicked the year ...