![]() ![]() IonQ’s customers don’t have to worry about the underlying hardware themselves, as its services are exclusively accessible via the cloud, through partners such as Amazon Web Services Inc., Microsoft Corp. The company has developed a quantum-based computing system that relies on trapped ions, which are charged particles suspended in a vacuum, as the basis of its hardware. But it’s looking to change that by providing enterprise customers with early access to quantum computing via the cloud. The company surprised many when it went public just over a year ago, despite barely having any revenue. Investors apparently liked what they saw, as IonQ’s stock rose more than 5% after-hours. ![]() IonQ also reported its full fiscal 2022 results, with $11.1 million in revenue resulting in a net loss of $48.5 million. All told, IonQ delivered a net loss of $18.6 million for the quarter, way down from the $74.1 million loss it posted a year ago. ![]() Wall Street analysts had been looking for a bigger loss of 13 cents per share on lower revenue of $3.2 million. The company reported a loss before certain costs such as stock compensation of nine cents per share, with revenue for the period coming to $3.8 million, up from $1.65 million a year ago. closed on its first full year as a publicly traded company today, beating expectations on earnings and revenue as it delivered its fourth-quarter results. ![]()
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