Rigetti reports Q3 revenue $3.1M, net loss $22.2M; delivers QPU to national lab, wins AFRL contract

Rigetti Computing, Inc.

2023-Q3 EPS reported -$0.48 revenue$8,632,000

Revenue $3.1M, operating loss $16.8M, net loss $22.2M for Q3 2023.
Cash, equivalents, and securities totaled $110.2M at Sept 30, 2023.
Raised $12.7M from stock sales under B. Riley purchase agreement.
Delivered 9Q QPU to national lab; won AFRL foundry contract and DARPA IMPAQT award.
Expects year-end cash $88-94M; Ankaa-2 84-qubit system expected in Q4 2023.

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 third quarter ended September 30, 2023 results: revenue $3.1 million, net income $22.2 million.

Period: the third quarter ended September 30, 2023
Revenue: $3.1 million
Net income: $22.2 million
Result: reported results

Exact text from the filing

results for the third quarter ended September 30, 2023. Third Quarter 2023 Financial Highlights ● Total revenues for the three months ended September 30, 2023 were $3.1 million ● Total operating expenses for the three months ended September 30, 2023 were $19.1 million ● Operating loss for the three months ended September 30, 2023 was $16.8 million ● Net

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Source: SEC EDGAR

accession 0001558370-23-018557

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