IonQ Inc (NYSE:IONQ) Q1 2022 Earnings Conference Call May 16, 2022 4:30 PM ET

Company Participants

Jordan Shapiro - Vice President of Financial Planning and Analysis and Head of Investor Relations

Peter Chapman - President and Chief Executive Officer

Thomas Kramer - Chief Financial Officer

Jungsang Kim - Co-Founder and Chief Technology Officer

Conference Call Participants

David Williams - Benchmark

Ruben Roy - WestPark Capital

Richard Shannon - Craig-Hallum

Scott Fessler - Morgan Stanley

Quinn Bolton - Needham & Company

Operator

Greeting, and welcome to the IonQ First Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to hand the call over to your host, Jordan Shapiro, please go ahead.

Jordan Shapiro

Good afternoon, everyone and welcome to IonQ's first quarter 2022 earnings call. My name is Jordan Shapiro, and I am the Vice President of Financial Planning and Analysis and Head of Investor Relations here at IonQ. I am pleased to be joined on today's call by Peter Chapman, IonQ's President and Chief Executive Officer; and Thomas Kramer, our Chief Financial Officer.

By now, everyone should have access to the company's first quarter 2022 earnings press release issued this afternoon, which is available on the Investor Relation's section of our website. Please note that on today's call, management will refer to adjusted EBITDA, which is a non-GAAP financial measure. While the company believes this non-GAAP financial measure provides useful information for investors, the presentation of this information is not intended to be considered in isolation, or as a substitute for the financial information presented in accordance with GAAP. This call discusses certain non-GAAP measures, and you are directed to our press release for reconciliation of such measures to GAAP.

Before we begin, please note that some of our remarks in this call will be forward-looking. Therefore, please refer to the cautionary statement in today's press release for additional details about these remarks. Please note that forward-looking statements made during this conference call speak only as of today.

Now, I will turn it over to Peter Chapman, President and CEO of IonQ. Peter?

Peter Chapman

Thanks, Jordan, and thank you all for joining us today. Roughly a year before we went public, we defined a multi-year plan to drive revenue growth and technical progress over six years. Today, we stand at the 18-month mark, or about a quarter of the way into that plan. I thought, I would use this earnings call to give a quick report card on progress to-date and provide my thoughts on the roadmap ahead.