Rigetti reports preliminary Q4 2023 revenue $2.9–3.4M, operating loss $17.7–19.2M

Rigetti Computing, Inc.

Full year 2023 revenue estimated $11.5–12.1M; operating loss $72.8–74.3M.
Cash & investments ~$99.9M at Dec 31, 2023; final earnings due in March 2024.
Launched Ankaa-2 84-qubit system with 98% median 2-qubit fidelity; 2.5x error improvement.
Awarded Innovate UK grant to build 24-qubit quantum computer for National Quantum Computing Centre.
Sold 5.2M shares to B. Riley since Sep 30, 2023 for net proceeds of $5.5M.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Rigetti Computing, Inc. reported fourth fiscal quarter and year ended December 31, 2023 results: revenue Revenue for the quarter ended December 31, 2023 is estimated to range between $2.9 million and $3.4 million and for the.

Period: fourth fiscal quarter and year ended December 31, 2023
Revenue: Revenue for the quarter ended December 31, 2023 is estimated to range between $2.9 million and $3.4 million and for the
Result: preliminary results

Exact text from the filing

On February 5, 2024, Rigetti Computing, Inc. (the “Company”) announced certain preliminary unaudited financial results for its fourth fiscal quarter and year ended December 31, 2023, as set forth below. Preliminary unaudited results for the fourth quarter and year ended December 31, 2023: • Revenue for the quarter ended December 31, 2023 is estimated to range between $2.9 million and $3.4 million and for the year ended December 31, 2023 is estimated to range between $11.5 million and $12.1 million.

View on SEC.gov

8 earnings releases filed in the last 30 days. Browse all earnings releases →

Rigetti Computing, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-024075

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.