Rigetti Q4 2023 revenue $3.4M, net loss $12.6M; Ankaa-2 deployed with 98% fidelity

Rigetti Computing, Inc.

Q4 revenue $3.4M, operating loss $17.2M, net loss $12.6M; cash & equivalents $99.9M.
FY 2023 revenue $12.0M, net loss $75.1M.
Deployed 84-qubit Ankaa-2 system; median 2-qubit gate fidelity 98% (2.5X error improvement).
Won contract to deliver 24-qubit quantum system to UK NQCC; second Novera QPU sale to AFRL.
Plans Ankaa-3 with 99% fidelity by end-2024 and 336-qubit Lyra system.

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 financial results for the three months and full year ended December 31, 2023.

Period: the three months and full year ended December 31, 2023
Result: reported results

Exact text from the filing

On March 14, 2024, Rigetti Computing, Inc. (the “Company”) issued a press release announcing its financial results for the three months and full year ended December 31, 2023. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K (“Current Report”) and is hereby incorporated by reference.

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Rigetti Computing, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-24-003232

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