Rigetti Q1 2024 revenue $3.1M, net loss $20.8M; raises $32.9M; sells Novera QPU

Rigetti Computing, Inc.

2024-Q1 EPS reported -$0.14 revenue$3,052,000

Q1 revenue $3.1M, operating loss $16.6M, net loss $20.8M.
Raised $32.9M from stock sales Jan-May 2024; cash & securities $102.8M at Q1 end.
Achieved 99.3% median 2-qubit gate fidelity on 9-qubit Ankaa; targets 84-qubit Ankaa-3 by year end.
Sold Novera QPU to Horizon Quantum Computing (first Singapore installation); launched Novera QPU Partner Program with Bluefors, Quantum Machines, others.

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 0.95

Rigetti Computing, Inc. reported the three months ended March 31, 2024 results: revenue $3.1 million, net income $20.8 million.

Period: the three months ended March 31, 2024
Revenue: $3.1 million
Net income: $20.8 million
Result: reported results

Exact text from the filing

its financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights ● Total revenues for the three months ended March 31, 2024 were $3.1 million ● Total operating expenses for the three months ended March 31, 2024 were $18.1 million ● Operating loss for the three months ended March 31, 2024 was $16.6 million ● Net loss

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Source: SEC EDGAR

accession 0001558370-24-007600

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