COLLEGE PARK, Md., Aug. 16, 2022 — IonQ, a leader in quantum computing, yesterday announced financial results for the quarter ended June 30, 2022.
“We are thrilled to share the progress we made in the second quarter,” said Peter Chapman, President and CEO of IonQ. “I am excited to announce that we are bringing to the cloud a computer that is over 130,000 times more computationally powerful than our previous cloud offering, as defined by the useful computational space. IonQ Aria has achieved a record-breaking 23 algorithmic qubits, representing an 8x increase in Aria’s power and further cementing its lead as the most powerful known quantum computer in the world.”
“Tomorrow, Aria will become available to all users of Microsoft Azure Quantum,” said Chapman. “This launch furthers our commitment to making our industry-leading hardware publicly accessible to current and future generations of quantum programmers. Meanwhile, our customer base–including new customers Airbus and Dow–is leveraging this superior performance to build quantum applications that deliver real business value. The future continues to be ever brighter for quantum computing.”
Second Quarter 2022 Financial Highlights:
- IonQ recognized revenue of $2.6 million for the second quarter, compared to $93 thousand in the prior year period and above the high end of IonQ’s previously provided range.
- Cash, cash equivalents and investments were $571.3 million as of June 30, 2022.
- Net loss was $1.7 million and adjusted EBITDA loss was $11.6 million. Excluded from adjusted EBITDA is a non-cash gain of $16.1 million related to the change in the fair value of IonQ’s warrant liabilities.
To read the entire report from IonQ, click here.