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  "documentTitle": "IonQ Inc. (IONQ)",
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  "authorName": "Scorpion Capital",
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      "text": "With thousands of customers running jobs “every week” at a price of “several thousand” per hour, we would expect $100MM+ revenue. Yet, IONQ reported only $451K of YTD revenue around the time the claims were made in late 2021.",
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      "text": "YTD revenue: $451K",
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      "kind": "paragraph",
      "text": "Chapman’s only role seems to be to pump the stock on as many TV promos as he can get. We noticed striking discrepancies and red flags each time he spoke, suggestive of a company lying wildly to investors.",
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      "text": "Michael Kesslering: So then when you kind of talked about some of the use cases and who the customer set would be, what sort of pricing model are you using for those customers? Peter Chapman: Today, the pricing model is competitive with kind of supercomputing pricing, meaning basically several thousand dollars per hour for compute hours.",
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      "text": "In a recent interview, he stated that “Um so we have um thousands of customers that run jobs on our hardware every week,” yet IonQ reports trivial revenue. He indicated in another interview that they charge “several thousand dollars per hour for compute hours.” With thousands of customers running jobs “every week” at a price of “several thousand” per hour, we would expect $100MM+ revenue. Yet, IONQ reported only $451K of YTD revenue around the time the claims were made in late 2021.",
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      "text": "“Um so we have um thousands of customers that run jobs on our hardware every week,” — Peter Chapman. “Today, the pricing model is competitive with kind of supercomputing pricing, meaning basically several thousand dollars per hour for compute hours.” — Peter Chapman",
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      "kind": "source-note",
      "text": "Source: https://accelerateshares.com/podcasts/absolute-return-podcast-168-leadership-chat-ionq-ceo-peter-chapman/",
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      "text": "Source: https://tdameritradenetwork.com/video/rB4A-Hw7FV2BfD0raQYAJA",
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