secwatch.observer — SEC 8-K summary
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Issuer:     Rigetti Computing, Inc. (RGTI)
CIK:        0001838359
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0001104659-23-089773
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838359/000110465923089773/0001104659-23-089773-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838359/000110465923089773/tm2322806d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-089773

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer