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IonQ (IONQ)

IonQ, Inc. is a leader in quantum computing, with a proven track record of innovation and deployment. IonQ’s next-generation quantum computer is the world’s most powerful trapped-ion quantum computer, and IonQ has defined what it believes is the best path forward to scale. IonQ is the only company with its quantum systems available through the cloud on Amazon Braket, Microsoft Azure, and Google Cloud, as well as through direct API access. IonQ was founded in 2015 by Christopher Monroe and Jungsang Kim based on 25 years of pioneering research.

IONQ stock data

Analyst ratings and price targets

Last 3 months

Calendar

15 Aug 22
1 Oct 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 43.97M 43.97M 43.97M 43.97M 43.97M 43.97M
Cash burn (monthly) 14.26M (no burn) 6.31M 4.88M 4.99M 1.85M
Cash used (since last report) 43.59M n/a 19.29M 14.92M 15.24M 5.65M
Cash remaining 376.79K n/a 24.68M 29.05M 28.72M 38.32M
Runway (months of cash) 0.0 n/a 3.9 6.0 5.8 20.7

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
12 Sep 22 Laurie A. Babinski Common Stock Sell Dispose S No No 5.44 5,086 27.67K 244,002
12 Sep 22 Jungsang Kim Common Stock Sell Dispose S No No 5.44 2,872 15.62K 6,574,385
12 Sep 22 Thomas G. Kramer Common Stock Sell Dispose S No No 5.44 3,058 16.64K 827,311
12 Sep 22 Peter Hume Chapman Common Stock Sell Dispose S No No 5.44 7,255 39.47K 466,066
12 Sep 22 Christopher Monroe Common Stock Sell Dispose S No No 5.44 1,548 8.42K 6,618,648
62.3% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 141 114 +23.7%
Opened positions 49 29 +69.0%
Closed positions 22 21 +4.8%
Increased positions 36 28 +28.6%
Reduced positions 26 26
13F shares Current Prev Q Change
Total value 603.83M 1.11B -45.7%
Total shares 124.14M 124.15M -0.0%
Total puts 750.3K 1.48M -49.2%
Total calls 1.21M 1.91M -36.7%
Total put/call ratio 0.6 0.8 -19.8%
Largest owners Shares Value Change
NEA Management 26.35M $115.41M -10.0%
New Enterprise Associates 15 26.31M $151.26M -10.0%
Vanguard 12.6M $55.18M +234.5%
BLK Blackrock 7.81M $34.21M +391.0%
SB Global Advisors 6.14M $26.89M 0.0%
GV 2016 4.56M $44.65M -79.2%
SherpaCapital 3.87M $16.95M 0.0%
LMT Lockheed Martin 3.63M $15.9M 0.0%
AMZN Amazon.com 2.82M $12.34M 0.0%
Two Sigma Investments 2.81M $12.33M NEW
Largest transactions Shares Bought/sold Change
GV 2016 4.56M -17.35M -79.2%
Vanguard 12.6M +8.83M +234.5%
BLK Blackrock 7.81M +6.22M +391.0%
NEA Management 26.35M -2.93M -10.0%
New Enterprise Associates 15 26.31M -2.92M -10.0%
Two Sigma Investments 2.81M +2.81M NEW
STT State Street 2.2M +1.82M +485.5%
JPM JPMorgan Chase & Co. 1.28M +1.25M +3904.6%
Geode Capital Management 2.03M +1.06M +108.6%
OUP Management 1.38M -941.92K -40.6%

Financial report summary

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Competition
Rigetti Computing

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: aerospace, aircraft, al, AQ, area, attitude, aviation, bid, bidding, Black, budgetary, captionedFisher, captionedLeacock, cargo, Chapman, chemistry, Chou, commitment, committed, compensatory, compliant, currency, customarily, cybersecurity, Dave, deep, denominated, deploying, desired, disagree, discovery, disgorgement, dollar, Dow, dramatically, duly, Exhibit, explore, extortion, extra, False, Fisher, fraud, Germany, GmbH, Harmony, herewith, host, internationally, intersection, Israel, join, Kathy, Kramer, Leacock, leader, leadership, linguistic, live, load, machine, necessitate, newest, NLP, notoriously, novelty, Nutanix, offline, online, passed, Peter, phase, population, presence, PsiQuantum, recoupment, refrain, Region, regional, renew, repatriation, request, router, Seattle, sequestration, socioeconomic, staffing, steal, straight, subcontract, sue, terrorism, theprior, thereunto, tomorrow, treble, undelivered, undersigned, underthe, unilaterally, unspecified, Washington, wealth, withholding, Zapata
Removed: dissolution, kind, record, subscription, voted

Patents

Utility
Noise reduced circuits for trapped-ion quantum computers
27 Sep 22
Embodiments described herein are generally related to a method and a system for performing a computation using a hybrid quantum-classical computing system, and, more specifically, to providing an approximate solution to an optimization problem using a hybrid quantum-classical computing system that includes a group of trapped ions.
Utility
Simultaneously Entangling Gates for Trapped-ion Quantum Computers
8 Sep 22
A method of performing simultaneous entangling gate operations in a trapped-ion quantum computer includes selecting a gate duration value and a detuning frequency of pulses to be individually applied to a plurality of participating ions in a chain of trapped ions to simultaneously entangle a plurality of pairs of ions among the plurality of participating ions by one or more predetermined values of entanglement interaction, determining amplitudes of the pulses, based on the selected gate duration value, the selected detuning frequency, and the frequencies of the motional modes of the chain of trapped ions, generating the pulses having the determined amplitudes, and applying the generated pulses to the plurality of participating ions for the selected gate duration value.
Utility
Amplitude, Frequency, and Phase Modulated Simultaneous Entangling Gates for Trapped-ion Quantum Computers
8 Sep 22
A method of performing a computation using a quantum computer includes generating a plurality of laser pulses used to be individually applied to each of a plurality of trapped ions that are aligned in a first direction, each of the trapped ions having two frequency-separated states defining a qubit, and applying the generated plurality of laser pulses to the plurality of trapped ions to perform simultaneous pair-wise entangling gate operations on the plurality of trapped ions.
Utility
Amplitude, frequency, and phase modulated entangling gates for trapped-ion quantum computers
6 Sep 22
A method of performing an entangling operation between two trapped ions in a quantum computer includes selecting a gate duration value of a pulse to be applied to a first ion and a second ion in a chain of trapped ions, determining one or more tones of the pulse, each tone comprising an amplitude value and a detuning frequency value, based on the selected gate duration value and frequencies of the motional modes of the chain of trapped ions, generating the pulse having the one or more tones, each tone comprising the determined amplitude and the determined detuning frequency values, and applying the generated pulse to the first and second ions for the gate duration value.
Utility
Scalable and Programmable Coherent Waveform Generators
18 Aug 22
The disclosure describes various aspects of a system with scalable and programmable coherent waveform generators.