IonQ Inc (NYSE:IONQ) shares were volatile in Monday's after-hours session after the company announced its financial results.
IonQ reported first-quarter revenue of $2 million, which beat the $1.93-million estimate, according to data from Benzinga Pro. The company reported a quarterly loss of 2 cents per share, which beat the estimate for a loss of 8 cents per share.
IonQ said total bookings reached $4.2 million in the first quarter. The company ended the quarter with $586.4 million in cash, cash equivalents and investments.
IonQ said it expects second-quarter revenue to be between $2.3 million and $2.5 million versus the $2.32-million estimate. Bookings are expected to be between $3 million and $5 million.
Full-year 2022 revenue is expected to be between $10.2 million and $10.7 million versus the $10.43-million estimate.
"IonQ continues to believe that over the next two years, one or two system sales could push combined TCV contract bookings over nine figures for the three-year period from 2021 to 2023," the company said.
IONQ 52-Week Range: $4.16 - $35.90
The stock was up 2.07% at $4.94 at the time of publication.
Photo: courtesy of IonQ.
