IONQ Inc. (NYSE: IONQ) stock plummeted over 9% in pre-market trading on Thursday, following the company's fourth-quarter 2024 earnings report. Despite beating revenue expectations, the quantum computing company posted significant losses and provided a mixed outlook for 2025.
For the fourth quarter, IONQ reported revenue of $11.7 million, exceeding consensus estimates of $10.3 million. However, the company reported a net loss of $202 million and an adjusted EBITDA loss of $32.8 million, reflecting its ongoing struggles to achieve profitability.
More concerning for investors was IONQ's 2025 revenue guidance range of $75 million to $95 million, which fell short of analyst expectations of around $83 million. The company also announced plans to raise up to $500 million through an at-the-market equity offering program, potentially diluting existing shareholders.
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