IONQ - IonQ jumps 9% on massive topline surge

IonQ (NYSE:IONQ +8.1%) Q1 shows a massive jump in revenue of 1400% to $1.95M. Company achieved bookings of $4.2M. Cash, cash equivalents and investments were $586.4M as of March 31, 2022. Net loss was $4.2M and adjusted EBITDA loss was $10.3M. These GAAP results include a non-cash gain of $13.4 million related to the fair value of IonQ’s warrant liabilities. Q2 Outlook: Revenue of between $2.3M-2.5M; Bookings of between $3M-5M FY Outlook: Revenue range of $10.2M-10.7M, For the full year 2022, company has increased its total contract bookings expectations from a range of $20M-24M to a new range of $23M-27M. The stock has declined about 47% over the last one year, a look at the stock's performance against the peers and broader markets over the last six month. Contributor commentary on the stock: 'IonQ: Enormous Valuation And The Competition Is Big-Tech' Previously (May 16): IonQ GAAP EPS of -$0.02, revenue of $1.95M

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IonQ jumps 9% on massive topline surge