secwatch.observer — SEC 8-K summary
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Issuer:     Rigetti Computing, Inc. (RGTI)
CIK:        0001838359
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001558370-24-015138
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rigetti Q3 revenue $2.4M, net loss $14.8M; details 100+ qubit system by end of 2025
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- Q3 2024 revenue $2.4M, operating loss $17.3M, net loss $14.8M; cash and equivalents $92.6M.
- Plans 36-qubit system mid-2025 (four 9-qubit chips tiled, 99.5% 2-qubit fidelity) and >100-qubit system by end-2025.
- Ankaa-3 84-qubit system on track for end-2024 with goal of 99+% median 2-qubit gate fidelity.
- Introduced ABAA chip fabrication technique for precise qubit frequency targeting; used for Novera QPU and Ankaa-3.
- NQCC facility opened with Rigetti's 24-qubit Ankaa-class system for research and benchmarking.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838359/000155837024015138/0001558370-24-015138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838359/000155837024015138/rgti-20241112x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-015138

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