On May 9, 2024, Rigetti Computing, Inc., a Delaware-incorporated company listed on the Nasdaq Capital Market under the symbol RGTI, filed a Form 8-K with the SEC to report its financial results for the first quarter of 2024. The company announced total revenues of $3.1 million and operating expenses of $18.1 million, resulting in an operating loss of $16.6 million and a net loss of $20.8 million for the quarter ended March 31, 2024. During this period, Rigetti raised $32.9 million through the sale of shares and reported cash, cash equivalents, and available-for-sale securities totaling $102.8 million as of March 31, 2024. Rigetti also highlighted technological advancements, including a 99.3% median 2-qubit gate fidelity on its 9-qubit Ankaa-class quantum system and plans to deploy an 84-qubit Ankaa-3 system by year...Show More

On May 9, 2024, Rigetti Computing, Inc., a Delaware-incorporated company listed on the Nasdaq Capital Market under the symbol RGTI, filed a Form 8-K with the SEC to report its financial results for the first quarter of 2024. The company announced total revenues of $3.1 million and operating expenses of $18.1 million, resulting in an operating loss of $16.6 million and a net loss of $20.8 million for the quarter ended March 31, 2024. During this period, Rigetti raised $32.9 million through the sale of shares and reported cash, cash equivalents, and available-for-sale securities totaling $102.8 million as of March 31, 2024. Rigetti also highlighted technological advancements, including a 99.3% median 2-qubit gate fidelity on its 9-qubit Ankaa-class quantum system and plans to deploy an 84-qubit Ankaa-3 system by year-end, followed by the development of a 336-qubit Lyra system. The company sold a Novera QPU to Horizon Quantum Computing, marking its first QPU in Singapore, with installation expected by early 2025. Additionally, Rigetti launched the Novera QPU Partner Program in April 2024 to support the on-premises quantum computing ecosystem. The company hosted a conference call on May 9, 2024, to discuss the financial results and provided a webcast link for public access.