However, IonQ’s financials paint a cautionary picture. Despite a projected market opportunity of $65 billion by 2030, its current revenue has been modest at $37 million over the past four quarters. It has also experienced significant losses of $171 million and a negative free cash flow of $120 million.
While the company maintains a healthy cash position of $365 million, its almost $11 billion market cap (30x projected 2027 revenue) indicates extremely optimistic expectations.
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