IonQ, Inc. (NYSE:IONQ) Q2 2023 Earnings Call Transcript

Thomas Kramer: So, happy you asked that question. As you know, we already have commercial customers on that system since late last year and we continue to work with several customers on it. What we also want to make sure is for everybody else to know that we’re open for business and we welcome all incoming calls right after this earnings call.

Kevin Garrigan: Okay. Got it. Yeah. That makes sense. Okay. and then just as a quick follow-up, the announcement of the partnership with QuantumBasel and you guys providing two systems, can you give us an update on how things are progressing with your manufacturing facility in Seattle?

Peter Chapman: Yeah, very much. So, as you know, probably when you’re building a factory, the very first thing you have to do is get building permits. And so we were lucky enough to get those, not too long ago. And, so construction is hot and heavy as we speak in in Bothell, Washington. And we expect to see this fall the first phase of the stretch — construction come to completion. And we’ve already got, I think, roughly 40 — roughly 40 people in Seattle. And so, they will start to be reporting to the Bothell office starting this fall. Oh, and it’s — just to let you know, it’s a timeline. We’re hitting our timelines and it’s also on budget as well. Little did anyone know, but we’re also a construction company as well. So we’re managing building over manufacturing facility as well.

Thomas Kramer: Yeah. If I might add, this is probably my 20th office build up. And, I was just there a couple of weeks ago, and it’s beautiful. Like, it’s very, very well done. It’s orderly. Like, when I started building out offices, there was not a hard hat in sight. And now in order to actually even have a walk through, you put on a vest, you have a nice little hard hat with IonQ logo on. It’s being done very, very professionally and we forward to the day when we can cut the ribbon.

Kevin Garrigan: Yeah. We’re all looking forward to that as well. Okay, great. I appreciate the color. Thanks guys.

Peter Chapman: Likewise.

Operator: Thank you. At this time, we’ve reached the end of the question-and-answer session. And I’ll turn the call over to Peter Chapman for closing remarks.

Peter Chapman: Thank you everyone for joining us this afternoon. We look forward to the exciting times ahead for IonQ and to seeing you at our Analyst Day and Quantum World Congress. Thanks everyone.

Thomas Kramer: Thank you.

Operator: This will conclude today’s conference. You may disconnect your lines at this time. Thank you for your participation.