IonQ completed several strategic acquisitions to enhance its capabilities in the quantum computing industry. The company acquired Qubitekk for $22 million, which strengthened its position in quantum networking. Additionally, IonQ secured a controlling stake in ID Quantique through a share exchange, adding nearly 300 quantum networking patents to its portfolio, which now totals over 900 worldwide. IonQ also acquired Lightsynq Technologies, a Boston-based startup, to accelerate its quantum networking and computing roadmaps. In terms of financial performance, IonQ reported a revenue increase of 95% in 2024, reaching $43.1 million, and achieved a 102% year-over-year revenue growth in Q3, with revenue of $12.4 million. The company gained $95.6 million in new bookings in 2024, reflecting a 47% increase from the previous year. IonQ raised over $372 million through an at-the-market equity offering program, which was terminated after meeting its capital needs. Furthermore, IonQ secured a $54.5 million contract with the U.S. Air Force Research Lab, marking the largest known quantum computing contract award of 2024. Despite these positive metrics, IonQ reported a net loss of $0.93 per share in Q4 2024, which was larger than expected, indicating ongoing financial challenges.