secwatch.observer — SEC 8-K summary
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Issuer:     Rigetti Computing, Inc. (RGTI)
CIK:        0001838359
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001558370-24-007600
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838359/000155837024007600/0001558370-24-007600-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838359/000155837024007600/rgti-20240509x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-007600

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