IonQ, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 28, 2024 at 04:06 pm EST
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IonQ, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 6.11 million compared to USD 3.81 million a year ago. Net loss was USD 41.9 million compared to USD 18.65 million a year ago. Basic loss per share from continuing operations was USD 0.2 compared to USD 0.09 a year ago.
For the full year, sales was USD 22.04 million compared to USD 11.13 million a year ago. Net loss was USD 157.77 million compared to USD 48.51 million a year ago. Basic loss per share from continuing operations was USD 0.78 compared to USD 0.25 a year ago.
IonQ, Inc. is engaged in quantum computing that delivers high-performance systems capable of solving commercial and research use cases. The Company's quantum computer, IonQ Forte, boasts 36 algorithmic qubits. It sells specialized quantum computing hardware together with related maintenance and support. The Company has developed custom hardware, custom firmware, and an operating system to orchestrate the quantum computers. The Company also sells access to several quantum computers of various qubit capacities and is in the process of researching and developing technologies for quantum computers with increasing computational capabilities. The Company makes access to its quantum computers available via three cloud platforms, Amazon Web Services (AWS) Amazon Braket, Microsoft's Azure Quantum and Google's Cloud Marketplace, and also to select customers via its own cloud service. This cloud-based approach enables the availability of quantum-computing-as-a-service (QCaaS).
IONQ, INC. 
