IonQ Q3 Earnings: Revenue Up 122%, Bookings Growth, Raised Full-Year Outlook And More
Portfolio Pulse from Adam Eckert
IonQ Inc reported Q3 earnings with a 122% YoY increase in revenue to $6.1 million and a net loss of 22 cents per share. The company reported $26.3 million in new bookings for Q3, bringing YTD bookings to $58.4 million. IonQ ended the quarter with $485.1 million in cash, equivalents, and investments. The company raised its full-year 2023 revenue outlook to $21.2 million to $22 million and lifted its bookings outlook to $60 million to $63 million.
November 08, 2023 | 9:42 pm
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POSITIVE IMPACT
IonQ reported strong Q3 earnings with significant YoY revenue growth and raised its full-year 2023 revenue outlook. This positive financial performance could boost investor confidence and potentially drive the stock price up in the short term.
IonQ's Q3 earnings report shows strong financial performance with significant YoY revenue growth and raised full-year 2023 revenue outlook. This positive financial performance could boost investor confidence in the company's growth prospects and profitability, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100