Company ExpansionRecent acquisitions of Oxford Ionics and Vector Atomic have expanded the total addressable market, creating new opportunities across enterprise, defense, and government sectors.
Financial Performance3Q revenue came in 48% above our and Street estimates and grew 222% Y/Y.
Strategic InvestmentsThe $2B equity raise in October brought IonQ's cash position to over $3B, and with an estimated total cash burn of $0.9B until break-even in 2030, the company should have adequate cash to sustain its growth goals.