Ionq Intrinsic Stock Value – IONQ Reports 111.5% Increase in Revenue for 2nd Quarter of 2023
August 25, 2023
☀️Earnings Overview
IONQ ($NYSE:IONQ): IOnQ reported total revenue of USD 5.5 million for the period ended June 30, 2023, which was a 111.5% increase from the prior year. However, net income for this period was USD -43.7 million, a stark contrast to the previous year’s -1.6 million. The company announced these earnings results for FY2023 Q2 on August 10, 2023.
Analysis – Ionq Intrinsic Stock Value
GoodWhale has conducted an in-depth analysis of IONQ’s wellbeing. Our proprietary Valuation Line has calculated the fair value of IONQ share to be around $125.7. The current trading price of IONQ stock is at $14.2, meaning it is undervalued by a whopping 88.7%. This suggests that investing in IONQ may be a wise decision at this given time. We believe that IONQ holds great potential for long-term growth and could yield great returns in the future. For investors looking to capitalize on this opportunity, this may be the best time to invest in IONQ. ionq&utm_title=IONQ_Reports_111.5_Increase_in_Revenue_for_2nd_Quarter_of_2023″>More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ionq. ionq&utm_title=IONQ_Reports_111.5_Increase_in_Revenue_for_2nd_Quarter_of_2023″>More…
| Total Revenues | Net Income | Net Margin |
| 16.37 | -113.69 | -581.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ionq. ionq&utm_title=IONQ_Reports_111.5_Increase_in_Revenue_for_2nd_Quarter_of_2023″>More…
| Operations | Investing | Financing |
| -57.67 | 29.21 | 0.58 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ionq. ionq&utm_title=IONQ_Reports_111.5_Increase_in_Revenue_for_2nd_Quarter_of_2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 576.85 | 53.61 | 2.59 |
Key Ratios Snapshot
Some of the financial key ratios for Ionq are shown below. ionq&utm_title=IONQ_Reports_111.5_Increase_in_Revenue_for_2nd_Quarter_of_2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -669.8% |
| FCF Margin | ROE | ROA |
| -408.4% | -12.7% | -11.9% |
Peers
IonQ Inc, Inspur Electronic Information Industry Co Ltd, Dawning Information Industry Co Ltd, and Leo Systems Inc are all companies that specialize in quantum computing. While each company has its own unique offerings, they all share the common goal of providing quantum computing solutions to their customers.
– Inspur Electronic Information Industry Co Ltd ($SZSE:000977)
The company’s market cap is 30.84B as of 2022 and has a ROE of 10.95%. The company is a leading electronic information industry company that provides innovative products and solutions in artificial intelligence, big data, high performance computing, and cloud computing. The company’s products and solutions are used in a variety of industries, including finance, healthcare, telecommunications, manufacturing, and government.
– Dawning Information Industry Co Ltd ($SHSE:603019)
Dawning Information Industry Co Ltd is a Chinese company that specializes in high performance computing. The company has a market cap of 34.4 billion as of 2022 and a return on equity of 7.78%. The company’s products are used in a variety of industries including oil and gas, finance, and manufacturing.
– Leo Systems Inc ($TPEX:5410)
Leo Systems Inc is a publicly traded company with a market capitalization of 2.3 billion as of 2022. The company has a return on equity of 10.02%. Leo Systems is a provider of enterprise software solutions. The company’s products are used by organizations in a variety of industries, including healthcare, manufacturing, and retail. Leo Systems’ products are designed to help organizations improve their operations and bottom line.
Summary
IONQ‘s second quarter financials for FY2023 saw a 111.5% increase in total revenue compared to last year, but a big decrease in net income from -1.6 million to -43.7 million. Investors should be aware of these numbers, and consider IONQ’s potential for growth and profitability before making any decisions. With the release of these earnings results on August 10, investors can use this data to judge IONQ’s performance over the past quarter and decide whether to invest in this company.
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