IonQ Announces Its Second Quarter Financial Results

Quantum Computing Report a month ago

IonQ  announced its second quarter financial results for the period ending June 30, 2022. Revenue achieved was $2.6 million versus $93 thousand in the second quarter o 2021. EBITDA in Q2 2022 was a loss of $11.6 million versus $7.0 million in 2021 and the GAAP net loss was $1.7 million versus $10.0 million in Q2 2021. A significant account adjustment of $16 million due to a change in fair value of warrant liabilities account for much of the difference between the EBITDA and GAAP net loss numbers. The company still has $571 million in cash and investments available and indicated that they do not expect they will need any further financing before they reach profitability and positive cash flow.

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