IonQ intrinsic value – IonQ Reports Q2 GAAP EPS of -$0.01 and Revenue of $2.61M
August 16, 2022
Trending News 🌥️IonQ intrinsic value – IonQ ($NYSE:IONQ) reported their Q2 GAAP EPS as -$0.01 and their revenue as $2.61 million. This is a significant decrease from their Q1 EPS of $0.03. This may cause investors to be concerned about the company’s long-term prospects. However, the company is still in its early stages and is seeing strong growth in its user base and customer base.
Market ReactionOn Monday, IONQ stock opened at $6.2 and closed at $6.4, up by 2.4% from last closing price of 6.2. Despite the loss, investors were encouraged by the company’s revenue growth of 36% from the previous quarter. IONQ is a quantum computing company that is working on developing processors and software for quantum computers. With the growing interest in quantum computing, IONQ is well-positioned to benefit from the trend.
VI Analysis – IonQ intrinsic valueThe company’s fundamentals reflect its long term potential. The intrinsic value of IONQ shares is around $51.8, which is calculated by VI Line. The IONQ stock is currently traded at $6.4, which is undervalued by 88%.
SummaryIonQ Inc. (IONQ) reported a second-quarter loss of $1 million, or 1 cent per share, after reporting a profit in the same period a year earlier. Revenue for the quantum computing company fell to $2.61 million from $3.11 million. IonQ shares fell 2.4% in after-hours trading following the report. Despite the quarterly loss, IonQ CEO Peter Chapman remains confident in the company’s long-term prospects. “We are encouraged by the significant advancements we have made with our technology and believe we are well positioned to execute on our long-term growth strategy,” Chapman said in a statement. IonQ is one of a number of companies working to develop quantum computers, which are seen as potential game-changers in the field of computing. The company has partnerships with a number of major firms, including Microsoft (MSFT) and Alphabet’s (GOOGL) Google.
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