Every IonQ Investor Should Keep an Eye on This Number

Pure-play investments in the quantum computing space are often young, small, and financially unstable. Industry-leading quantum computing systems builder IonQ (NYSE: IONQ) collected just $12.4 million in revenues in the third quarter of 2024 while spending $65.5 million on operating costs.The company reported negative free cash flows of $24.2 million in the third quarter, consuming a total of $120.4 million of cash over the last four financial reports.Knee-deep in research efforts and manufacturing of quantum computers, IonQ's business is expensive. In this early stage, this is a bet on quantum computing's potentially game-changing performance in the long run, and on IonQ's ability to stay relevant as the market evolves.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool