secwatch.observer — SEC 8-K summary
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Issuer:     Rigetti Computing, Inc. (RGTI)
CIK:        0001838359
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001558370-24-011592
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rigetti Q2 revenue $3.1M, net loss $12.4M; Ankaa-3 on track for 99+% fidelity by year-end
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- Q2 2024 revenue $3.1M; operating loss $16.1M; net loss $12.4M; cash equivalents $100.5M.
- Raised $27.8M via ATM share sales from April-July 2024, including $15.8M in Q2.
- On track to deploy 84-qubit Ankaa-3 system with goal of 99+% median 2-qubit gate fidelity by end of 2024.
- Published research on modular chip architecture in Physical Review Applied; DARPA Benchmarking Phase 2 ongoing.
- Introduced qubit-efficient combinatorial solver using fewer qubits on Ankaa-9Q-3 system.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838359/000155837024011592/0001558370-24-011592-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838359/000155837024011592/rgti-20240808x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-011592

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