"Patience is a Super Power" - "The Money is in the waiting"
Showing posts with label News. Show all posts
Showing posts with label News. Show all posts

Saturday, March 29, 2025

So, What's new at IONQ?


 IonQ, a leading quantum computing company, has recently achieved several significant milestones:arxiv.org+18Wikipedia+18Barron's+18

  • Strategic Partnerships and Acquisitions: In February 2025, IonQ announced the acquisition of a majority stake in ID Quantique, a Swiss firm specializing in quantum-safe encryption. Concurrently, they entered a strategic partnership with SK Telecom, South Korea's largest wireless telecom operator. These moves aim to bolster IonQ's position in quantum networking and security.Barron's

  • Financial Performance: IonQ reported fourth-quarter 2024 revenue of $11.7 million, contributing to a full-year revenue of $43.1 million—a 95% increase compared to the previous year. Despite this growth, the company recorded a net loss of $220 million for the quarter, with cash reserves decreasing to $363.8 million.IonQ+4Barron's+4Kiplinger.com+4

  • Leadership Changes: Niccolo de Masi was appointed as the new CEO and president, succeeding Peter Chapman, who transitioned to the role of executive chairman. De Masi, a physicist by training, previously led the special purpose acquisition company that facilitated IonQ's public listing in 2021.Barron's+1Wikipedia+1

  • Technological Advancements: IonQ continues to make strides in quantum computing technology. In September 2024, the company achieved a two-qubit gate fidelity of 99.9% using barium-based qubits. They aim to reach 99.999% fidelity by the end of 2025, enhancing the performance and reliability of their quantum systems.Reddit+1Kiplinger.com+1

  • Stock Market Activity: Following a period of stock price decline, IonQ director Bill Scannell purchased approximately $2 million worth of shares on March 12, 2025, indicating insider confidence in the company's future prospects.Barron's

These developments underscore IonQ's commitment to advancing quantum computing technology and expanding its market presence.

Recent News on IonQ's Financial Performance and Market Activity

IonQ Stock Is Tumbling. A Director Just Made a Big Buy of Shares.
FaviconBarron's
8 days ago
IonQ Chair: Don't Short Nvidia Because Of Quantum Computing

In November 2024, IonQ demonstrated an end-to-end application workflow that combined the capabilities of its IonQ Forte quantum system with NVIDIA's CUDA-Q platform. This integration focused on molecular electronic structure calculations, showcasing potential applications in fields like drug discovery and chemistry. By leveraging NVIDIA's A100 Tensor Core GPUs alongside IonQ's quantum processors, the workflow exemplified how quantum processing units (QPUs) can collaborate with classical accelerated computing resources to solve complex problems more efficiently.Yahoo Finance+2IoT World Today+2SDXCentral+2Quantum Computing Report+1IoT World Today+1

NVIDIA's CUDA-Q is an open-source platform designed to streamline hybrid quantum-classical computing by enabling seamless integration and programming of QPUs, GPUs, and CPUs within a single system. This collaboration underscores IonQ's commitment to advancing practical quantum applications by combining quantum hardware with AI supercomputing resources.Reddit+5NVIDIA Developer+5IoT World Today+5IoT World Today

Furthermore, at NVIDIA's annual developer conference in March 2025, IonQ's Executive Chair joined a panel discussion with NVIDIA's CEO to explore the integration of quantum computing with classical systems, highlighting the ongoing partnership and shared vision for the future of computing.IonQ

IONQ is a first mover in Quantum advancement and commercialization

IonQ is a prominent player in the global quantum computing landscape, recognized for its innovative approach and contributions to the field. The company specializes in trapped-ion quantum computing, utilizing individual atoms as qubits, which offers advantages such as long coherence times and high-fidelity operations. This positions IonQ alongside major tech companies like IBM, Google, Microsoft, and Amazon in the pursuit of advancing quantum technologies.Technology Magazine+1SpinQ+1BlueQubit

In terms of commercialization, IonQ has demonstrated significant progress.

The company reported a 95% increase in annual revenue for 2024, reaching $43.1 million. This growth reflects IonQ's expanding influence and the growing interest in quantum computing solutions.

IonQ's technological advancements are also noteworthy. 

The company achieved a two-qubit gate fidelity exceeding 99.9% on its barium-based quantum systems, a critical milestone for developing practical, enterprise-grade quantum computers.PR Distribution & Investor Relations

Furthermore, IonQ's strategic partnerships and collaborations have enhanced its position in the quantum computing ecosystem. The company has integrated its quantum hardware with platforms like NVIDIA's CUDA-Q, facilitating hybrid quantum-classical computing workflows. Additionally, IonQ's presence in College Park, Maryland, contributes to the area's emergence as a significant hub for quantum research and development.Business Insider

Overall, IonQ's combination of technical innovation, commercial growth, and strategic alliances underscores its influential role in the global advancement and commercialization of quantum computing.

Quantum Computing Leadership: Here is a "Deep Dive" look at IONQ 10 years after it was founded in 2015


Wednesday, December 11, 2024

Innoviz "INVZ" strikes gold with another partnership in the AV growth sector, with Mobileye!

 


Investment Report on Innoviz Technologies Ltd (INVZ)

Introduction Innoviz Technologies Ltd (NASDAQ: INVZ) is a leading provider of high-performance LiDAR sensors and perception software that enable the mass production of autonomous vehicles (AVs). The company’s innovative technology solutions are critical for enhancing the safety and functionality of autonomous systems across industries.


Technology Overview

LiDAR Sensors Innoviz’s core technology revolves around advanced solid-state LiDAR (Light Detection and Ranging) sensors. Unlike mechanical LiDAR systems, Innoviz’s solid-state design ensures higher durability, reliability, and scalability for mass production. Key features include:

  • High-Resolution Imaging: Offers detailed environmental mapping.

  • Long-Range Detection: Extends up to 250 meters, suitable for highway driving and urban environments.

  • Compact Design: Facilitates integration into various vehicle designs.

Perception Software Innoviz complements its LiDAR hardware with cutting-edge perception software that processes LiDAR data to create a real-time 3D view of the surroundings. This software is vital for object detection, classification, and tracking, enabling safe navigation in dynamic environments.

Recent Tech Advancements at INVZ



  • InnovizTwo LiDAR: Enhanced performance with reduced cost, enabling greater adoption across consumer vehicles.

  • Innoviz360: A next-generation LiDAR designed for applications beyond automotive, such as robotics, drones, and industrial automation.


Partnerships and Collaborations

Autonomous Vehicle (AV) Ecosystem Innoviz has established itself as a key player in the AV ecosystem through partnerships with leading automotive manufacturers and technology companies. Notable collaborations include:


  • BMW: Innoviz is the exclusive supplier of LiDAR sensors for BMW’s upcoming Level 3 autonomous vehicles.

  • Robotics & Industrial Applications: Partnerships with robotics firms to integrate Innoviz’s LiDAR technology into warehouse automation and delivery systems.

Newest Partnership with Mobileye 


Today, Innoviz announced a strategic partnership with Mobileye, a global leader in AV technology and advanced driver-assistance systems (ADAS). This collaboration marks a significant milestone for Innoviz, as Mobileye’s robust ecosystem will amplify the reach and integration of Innoviz’s LiDAR technology.

  • Scope of Partnership:

    • InnovizTwo will be integrated into Mobileye’s next-generation autonomous driving platforms.

    • The collaboration aims to reduce costs and accelerate timelines for deploying scalable autonomous solutions.

  • Strategic Impact:

    • Strengthens Innoviz’s market position in the competitive AV industry.

    • Expands revenue opportunities through Mobileye’s established relationships with automakers.


Financial Performance

Recent Financial Metrics As of the latest fiscal reports:

  • Revenue: $7.2 million in Q3 2024, reflecting a YoY growth of 68%.

  • Gross Margin: Improved to 23%, up from 15% YoY, driven by cost optimization in manufacturing.

  • Net Loss: Reported a net loss of $24.5 million, narrowing from $30 million YoY.

  • Cash and Cash Equivalents: $145 million, providing a solid runway for continued R&D investment.

Growth Prospects

  • Automotive Market Penetration: Expected to grow significantly with production agreements like the one with BMW.

  • Diversified Applications: Expansion into non-automotive sectors such as industrial automation and smart cities.

  • Mobileye Partnership: Anticipated to drive significant revenue growth starting in 2025.

Risks

  • Competitive Market: Faces competition from LiDAR providers like Aeva, Oust and Luminar.

  • Profitability Timeline: Continued net losses highlight the challenge of achieving profitability in the near term.


Investment Outlook

Strengths

  • Industry-leading technology in LiDAR sensors and perception software.

  • Strategic partnerships with top-tier players like BMW and Mobileye.

  • Strong growth trajectory in revenue and market adoption.

Challenges

  • High R&D and operational expenses impacting short-term profitability.

  • Dependence on broader AV market adoption and regulatory developments.

Conclusion Innoviz Technologies Ltd represents a compelling investment opportunity for those seeking exposure to the autonomous driving and advanced sensor market. Its recent partnership with Mobileye and continued technology advancements position it as a frontrunner in the LiDAR industry. However, potential investors should weigh the risks associated with market competition and profitability timelines.

Recommendation Consider Innoviz as a growth-oriented investment within a diversified portfolio, particularly for those with a long-term outlook on the AV and robotics industries.

ED Note:

We are invested in Innoviz, Aeva, Oust and Luminar, in the Lidar market!

It's Time for Elon Musk to Wake Up and Smell the Lidar that is eating Tesla's lunch!


Monday, July 20, 2015

Fear tops Greed in Markets

•Rueters
Morgan Stanley profit falls on compensation costs, tax provision
Morgan Stanley reported an 8.5 percent fall
in quarterly profit, hurt by a rise in
compensation costs and as the sixth-la
rgest U.S. bank by assets set aside
more money to cover taxes.
Halliburton profit falls 93 pct
on lower drilling activity, charges
The oilfield services provider reported a
93 percent fall in quarterly profit as oil
producers pummeled by a steep decline in oil prices cut drilling activity, and
the company incurred about $400 million in charges.
Greek banks reopen as Tsipras eyes return to normal
Greeks queued outside banks as they reopened three weeks after closing to
stop the system collapsing, the first cautious sign of a return to normal after a
deal to start talks on a new package of bailout reforms.
Toymaker Hasbro's sales fall 4 pct due to strong dollar
The U.S. toymaker reported a near 4 percent fall in quarterly revenue, hurt by
the strong dollar.
Barclays has not set new target for job cuts -sources
Barclays has set no new targets to cut jobs beyond the 19,000 redundancies
which it announced in May last year, sources familiar with the matter said on
Monday, playing down a report of further reductions. 



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