secwatch.observer — SEC 8-K summary
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Issuer:     Rigetti Computing, Inc. (RGTI)
CIK:        0001838359
Form:       8-K
Filed at:   2024-03-14T23:59:59+00:00
Accession:  0001558370-24-003232
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838359/000155837024003232/0001558370-24-003232-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838359/000155837024003232/tmb-20240314x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-003232

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