Rigetti Computing Reports Third Quarter 2024 Financial Results and Business Updates
Rigetti Computing, Inc. (RGTI)
Company Research
Source: GlobeNewswire
BERKELEY, Calif., Nov. 12, 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 third quarter ended September 30, 2024 and business updates, including updates to its technology roadmap. Third Quarter 2024 Financial Highlights Total revenues for the three months ended September 30, 2024 were $2.4 millionTotal operating expenses for the three months ended September 30, 2024 were $18.6 millionOperating loss for the three months ended September 30, 2024 was $17.3 millionNet loss for the three months ended September 30, 2024 was $14.8 millionAs of September 30, 2024 cash, cash equivalents and available-for-sale securities totaled $92.6 million Technology Updates Roadmap updateThe Company plans to introduce a new modular system architecture in 2025. By mid-year 2025, the Company expects to release a 36-qubit system based on four 9-qubit chips tile
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News
- Investors Heavily Search Rigetti Computing, Inc. (RGTI): Here is What You Need to Know [Yahoo! Finance]Yahoo! Finance
- Analysts Just Made A Major Revision To Their Rigetti Computing, Inc. (NASDAQ:RGTI) Revenue Forecasts [Yahoo! Finance]Yahoo! Finance
- Rigetti Computing, Inc. (NASDAQ: RGTI) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $2.50 price target on the stock.MarketBeat
- Rigetti Computing, Inc. (NASDAQ: RGTI) had its price target raised by analysts at B. Riley from $3.00 to $3.50. They now have a "buy" rating on the stock.MarketBeat
- Rigetti Computing, Inc. (NASDAQ: RGTI) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $2.00 price target on the stock.MarketBeat
RGTI
Earnings
- 11/12/24 - In-Line
RGTI
Sec Filings
- 11/19/24 - Form SC
- 11/18/24 - Form 4
- 11/18/24 - Form 4
- RGTI's page on the SEC website