IonQ, Inc. is a company incorporated as a Delaware corporation on September 14, 2020. The company is developing quantum computers and networks aimed at solving some of the world's most complex problems and making business, society, and the planet better. The company believes that its proprietary technology, architecture, and the technology it has exclusively obtained through license agreements will provide advantages in research and development, as well as the commercial value of its expected product offerings. Today, the company sells specialized quantum computing and networking hardware, along with related maintenance and support. It also sells access to quantum computers with several different qubit capacities and is researching and developing technologies for quantum computers with increasing computing power.
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Valuation metrics are extreme with PS-TTM of 115.68 and PB of 6.19, indicating significant overvaluation by traditional standards. However, for this pioneering quantum computing company with >750% revenue growth, traditional metrics are poor indicators as valuation is driven by long-term growth expectations and technological optionality.
