IonQ (IONQ) Revenue — Quarter Ended Dec 31, 2023
Revenue for the current quarter declined slightly from the preceding quarter. However, it rose sharply compared to the same quarter one year earlier.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the current quarter declined slightly from the preceding quarter. However, it rose sharply compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.1M
Revenue reported for this quarter.
Quarter-over-quarter
-0.5%
Change from the immediately preceding quarter.
Year-over-year
+60.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$22M
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Mar 31, 2023 | $4.3M | +119.4% |
| Jun 30, 2023 | $5.5M | +111.5% |
| Sep 30, 2023 | $6.1M | +122.1% |
| Dec 31, 2023 | $6.1M | +60.4% |
Revenue performance
Revenue had grown sequentially through the earlier quarters of the year before leveling off in the final quarter. The full-year revenue reflects the cumulative gains from the earlier periods.
Quarterly comparison
The change from the immediately preceding quarter was minimal, indicating a near-flat performance. Compared to the same quarter a year ago, the improvement was substantial.
What to watch
The company continues to incur significant net losses and expects operating expenses to rise in the foreseeable future.