secwatch.observer — SEC 8-K summary
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Issuer:     Rigetti Computing, Inc. (RGTI)
CIK:        0001838359
Form:       8-K
Filed at:   2024-02-05T23:59:59+00:00
Accession:  0001193125-24-024075
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 3.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838359/000119312524024075/0001193125-24-024075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838359/000119312524024075/d766575d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-024075

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