What's Going On With IonQ Shares On Friday?

IonQ, Inc. IONQ shares are continuing to climb on Friday after the company announced an increase in its 2023 bookings expectations.

The Details:

On Thursday, IonQ announced an increase in its 2023 bookings expectation by twenty five percent (25%) to a range of $45 million to $55 million which represents a doubling in bookings year-over-year. 

"IonQ continues to demonstrate strong business momentum, and our ability to double bookings year-over-year in FY23 will be yet another important milestone," said Thomas Kramer, CFO of IonQ.

"We are thrilled to further our progress towards commercialization through our continued expansion in Europe."

IonQ is a quantum computing company offering custom hardware, custom firmware, and an operating system for quantum computers.

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IONQ Price Action: According to Benzinga Pro, IonQ shares were up over 1.5% at $9.58 at the time of publication.

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