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Stock impact report

Rigetti Computing Reports Second Quarter 2024 Financial Results

Rigetti Computing, Inc. (RGTI) 
Company Research Source: GlobeNewswire
BERKELEY, Calif., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced its financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial Highlights Total revenues for the three months ended June 30, 2024 were $3.1 millionTotal operating expenses for the three months ended June 30, 2024 were $18.1 millionOperating loss for the three months ended June 30, 2024 was $16.1 millionNet loss for the three months ended June 30, 2024 was $12.4 millionFor the period from April 1 - July 12, 2024 raised $27.8 million from the sale of 24.1 million common shares under our current ATM program, including $15.8 million raised in the three months ended June 30, 2024As of June 30, 2024 cash, cash equivalents and available-for-sale securities totaled $100.5 million Technology Updates Roadmap and QPU PerformanceRigetti remains on track to develop and dep Show less Read more
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