IonQ (NYSE:IONQ) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$12.4m (up 102% from 3Q 2023).
- Net loss: US$52.5m (loss widened by 17% from 3Q 2023).
- US$0.24 loss per share (further deteriorated from US$0.22 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
IonQ Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) missed analyst estimates by 5.9%.
Looking ahead, revenue is forecast to grow 50% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Tech industry in the US.
Performance of the American Tech industry.
The company's shares are up 47% from a week ago.
Risk Analysis
You still need to take note of risks, for example - IonQ has 5 warning signs (and 2 which are a bit concerning) we think you should know about.
Valuation is complex, but we're here to simplify it.
Discover if IonQ might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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