IONQ - IonQ: Significant Potential Much Uncertainty

2024-04-14 11:10:12 ET

Summary

• IonQ's stock has dropped over 60% since September 2023 due to the departures of its co-founders and uncertainty about profitability.
• The company is an early commercial-stage manufacturer of quantum computers with 36 algorithmic qubits and aims to have a 64-qubit system by 2025.
• Commercial applications are still a few years away, but the company has enough cash to sustain operations until 2027.
• An analysis around IonQ, Inc. follows in the paragraphs below.

Shares of quantum computing concern IonQ, Inc. ( IONQ ) are down over 60% since September 2023, as the departures of its co-founders and an uncertain timeline for profitability act as a drag. The company achieved construction of a quantum computer with 36 algorithmic qubits in January 2024, as it pushes towards its stated goal of a 64-quibit system in 2025. With commercial applications still two to three years away and cash to see it through to 2027, the recent insider buying into this busted IPO merited closer examination. An analysis follows below....

For further details see: