IonQ Inc (IONQ)

[IanFromSI]

So is $20 the floor here

If you read the last, AFRL PR, even the military had to go to Congress to get sufficient funding to allow them to buy and install one of IONQ‘s quantum devices.

In most companies, the equivalent process would be for an officer of that company to take and argue a business case in front of the board of directors.

At the current price for IONQ product and services, very few will ever be sold and revenues will not increase at a rapid rate, if at all.

Unless and until, their product becomes much more affordable, the share price will continue to fall until revenues substantially increase, and there’s at least a glimmer of hope that there will be some earnings in the foreseeable future.