IonQ, Inc. (NYSE:IONQ) Q4 2022 Earnings Call Transcript

Richard Shannon: Okay. Perfect. That is all the questions for me. Thanks guys.

Peter Chapman: Thanks Richard.

Operator: Our next question comes from Kevin Garrigan from WestPark Capital. Please go ahead with your question.

Kevin Garrigan: Yes, good afternoon everyone. Let me echo my congrats on the strong results and strong guide. Just a quick question during your prepared remarks, you spoke about a strong 2022, strong 2023, but are you seeing any push outs from potential customers because of a tough macro environment?

Thomas Kramer: No. It’s just the opposite. We’re seeing lots and lots of interest from customers. And we’re heartened also that customers are re-upping the contracts. So, that’s a good sign.

Kevin Garrigan: Okay, got it. That’s great to hear. And then just a quick question probably for either Chris or Jungsang, I wanted to ask about quantum memory and whether quantum memory is important at this stage in development and then is the trapped ions approach either easier or harder when it comes to this aspect or is another approach better?

Peter Chapman: Jungsang do you want to

Jungsang Kim: Sure. Yes, it’s great. Yes, I guess maybe I need to understand a little bit more of the context of quantum memory. In quantum memory, what I would €“ what I would think is historic qubit and then see if we can hold that qubit for a long time. And for that, I think, it’s very hard, even from a fundamental point of view to find a better match than a trapped atomic qubit, including trapped irons. Are you thinking about quantum memory in a different sense? Because we have memories in our current computers distort information while we compute. And for that, I think, we have a very, very compelling technology. Did that answer your question?

Kevin Garrigan: Yes, it did guys . Okay, thank you. Yes, that’s all I have. Thanks guys.

Jungsang Kim: All right.

Operator: And ladies and gentlemen, with that we’ll conclude today’s question-and-answer session. I like to turn the floor back over to management for any closing remarks.

Peter Chapman: Well just thanks everyone today for joining. Also, for everyone that asked questions, we appreciate it. They are all great questions. I’ll just conclude the strong results are the result of obviously the management team, but also all the employees at IonQ and all the hard work, the late nights, long weekends and so, a hardy thank you to our team for making it happen and continuing to innovate on the behalf of customers. So, thank you so much. And thanks for joining today,

Operator: Ladies and gentlemen with that we will conclude today’s conference call and presentation. We thank you for joining. You may now disconnect your lines.