- Revenue: $43.1M, +95% YoY
- Net Loss: $331.6M vs $157.8M loss in 2023
- Full year bookings: $95.6M, exceeded guidance of $75M-$95M
Peter Chapman, Executive Chair: "We had IonQ's best year yet in 2024, exceeding the high ends of both our bookings and revenue guidance ranges and making truly significant technical strides." "McKinsey expects the quantum networking industry to be worth $10-15 billion per year within the next decade."
🌱Revenue & Growth
- Q4 Revenue: $11.7M vs $6.1M in Q4 2023
- Full Year Revenue: $43.1M vs $22.0M in 2023
- Q4 Bookings: $22.7M
- Cash and investments: $363.8M as of Dec 31, 2024
💰Profits & Financials
- Q4 Net Loss: $202.0M
- Q4 Adjusted EBITDA Loss: $32.8M
- Full Year Adjusted EBITDA Loss: $107.2M
- Operating Loss: $232.5M vs $157.8M in 2023
📌Business Highlights
- Announced acquisition of majority stake in ID Quantique
- Delivered first IonQ Forte Enterprise system in Europe at uptownBasel, Switzerland
- Signed $21.1M project with Air Force Research Lab for quantum networking
🔮Future Outlook
- FY2025 Revenue guidance: $75M-$95M
- Q1 2025 Revenue guidance: $7M-$8M
- FY2025 Adjusted EBITDA loss expected at $120M
- Launched at-the-market equity offering program up to $500M