IONQ Inc.'s stock plummeted 9.93% in the pre-market trading session on Thursday, following the company's fourth-quarter 2024 earnings report and announcement of a planned equity offering.
While the quantum computing company beat revenue expectations for the quarter, it reported significant losses and provided a mixed outlook for 2025. IONQ posted a net loss of $202 million and an adjusted EBITDA loss of $32.8 million, reflecting its ongoing struggles to achieve profitability.
Additionally, IONQ announced plans to raise up to $500 million through an at-the-market equity offering program, potentially diluting existing shareholders. The company also revealed a change in its C-suite, naming Niccolo de Masi as the new President and CEO, effective immediately.
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