secwatch.observer — SEC 8-K summary
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Issuer:     Rigetti Computing, Inc. (RGTI)
CIK:        0001838359
Form:       8-K
Filed at:   2022-11-21T23:59:59+00:00
Accession:  0001193125-22-289974
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rigetti Q3 revenue $2.8M, net loss $18.8M; expects restatement of Q1/Q2 2022
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- Revenue $2.8M (flat vs $2.9M YoY); gross profit $2.0M vs $2.5M.
- GAAP net loss $18.8M ($0.16/share) vs $9.8M ($0.43) YoY; adjusted EBITDA loss $14.8M vs $7.4M.
- Cash and investments $161.0M as of Sept. 30, 2022.
- Company expects restatement of Q1 and Q2 2022 financial statements; delayed Q3 2022 filing.
- Recent executive transition and technical roadmap updates discussed on Nov. 14 call.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838359/000119312522289974/0001193125-22-289974-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838359/000119312522289974/d428815d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-289974

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