Rigetti Q2 revenue $3.3M, net loss $17.0M; completes first QPU sale to national lab

Rigetti Computing, Inc.

2023-Q2 EPS reported -$0.32 revenue$5,527,000

Total revenue $3.3M, operating loss $16.2M, net loss $17.0M for Q2 2023.
Cash equivalents and securities $105.5M; expects year-end cash of $65-75M.
Completed first QPU sale: 9-qubit system delivered to a national lab.
Signed collaboration with ADIA Lab for quantum ML solution on probability distribution classification.
On track for Ankaa-2 84-qubit system in Q4 2023; targeting 98% 2-qubit fidelity.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Rigetti Computing, Inc. reported the second quarter ended June 30, 2023 results: revenue $3.3 million, net income $17.0 million.

Period: the second quarter ended June 30, 2023
Revenue: $3.3 million
Net income: $17.0 million
Result: reported results

Exact text from the filing

its financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Financial Highlights ● Total revenues for the three months ended June 30, 2023 were $3.3 million ● Total operating expenses for the three months ended June 30, 2023 were $19.0 million ● Operating loss for the three months ended June 30, 2023 was $16.2 million ● Net loss

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Rigetti Computing, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-089773

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