IonQ reports Q1 EPS (14c), consensus (14c)

Reports Q1 revenue $7.6M, consensus $7.51M. “I am pleased with the strong start to the year at IonQ (IONQ), including revenue above the midpoint of guidance for the first quarter and almost $700 million in cash equivalents as of March 31. We delivered important commercialization and expansion milestones for both our quantum computing and quantum networking businesses,” said Niccolo de Masi, CEO of IonQ. “We’re delivering real-world value for our customers today, including a recent demonstration of a 12% speed improvement over classical computing in a simulation of a heart pump using quantum processed data and a production product by our partner Ansys.”