Rigetti Computing

Rigetti Computing, Inc. provides full-stack quantum computing services. It serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform. The company was founded by Chad Rigetti in 2013 and is headquartered in Berkeley, CA.

Earnings data Q1 2022

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Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Rigetti Computing advances quantum systems amidst financial challenges and growth opportunities

Rigetti Computing progresses with advanced quantum systems, strong financial backing, and strategic partnerships, but faces challenges in scaling and financial performance.
Opportunities in government funding, research collaborations, and technological innovation offer avenues for growth and differentiation in the competitive quantum computing landscape.

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BERKELEY, Calif., July 27, 2023 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will release second quarter 2023 results on Thursday, August 10, 2023, after market close. The Company will host a conference call to discuss its financial results and provide an update on its business operations at 5:00 p.m. ET the same day.

Rigetti Computing to Report Second Quarter 2023 Financial Results and Host Conference Call on August 10, 2023

Together, Rigetti and ADIA Lab plan to design, build, execute, and optimize a quantum computing solution intended to address the probability distribution classification problem, one of the greatest challenges of quantitative finance. Together, Rigetti and ADIA Lab plan to design, build, execute, and optimize a quantum computing solution intended to address the probability distribution classification problem, one of the greatest challenges of quantitative finance.

Rigetti and ADIA Lab Sign Collaboration Agreement to Develop Quantum Machine Learning Solution for Probability Distribution Classification

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Quantum computing is a revolutionary technology that allows for complex calculations to be performed at speeds that are well beyond what traditional computers can achieve. Thus, the technology is based on “the laws of quantum physics.

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Rigetti is a QC or Quantum Computing company whose share price is only slightly above the one-dollar mark. It is amid a restructuring plan and its accelerated roadmap appears to be working. Thus, it could deliver more sales, and based on the Price-to-Sales multiple when compared to competitor IONQ, RGTI stock is a buy.

Rigetti Computing: Accelerated Roadmap And Potential Synergy With Generative AI

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Rigetti Computing, Inc. (NASDAQ:RGTI ) Q1 2023 Results Conference Call May 11, 2023 5:00 PM ET Company Participants Dr. Subodh Kulkarni - President and CEO Jeff Bertelsen - CFO David Rivas - CTO Conference Call Participants David Williams - Benchmark Company Operator Thank you for standing by. Welcome to the Rigetti Computing First Quarter 2023 Financial Results Conference Call.

Rigetti Computing, Inc. (RGTI) Q1 2023 Earnings Call Transcript

Rigetti Computing, Inc. (RGTI) came out with a quarterly loss of $0.19 per share versus the Zacks Consensus Estimate of a loss of $0.16. This compares to loss of $0.41 per share a year ago.

Rigetti Computing, Inc. (RGTI) Reports Q1 Loss, Lags Revenue Estimates

Fourth Generation Ankaa-1 Chip Demonstrates Median 2-Qubit Gate Fidelity and Gate Speed Improvements Superior to Aspen M-3 Fourth Generation Ankaa-1 Chip Demonstrates Median 2-Qubit Gate Fidelity and Gate Speed Improvements Superior to Aspen M-3

Rigetti Computing Reports First Quarter 2023 Results

BERKELEY, Calif., April 27, 2023 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will release first quarter 2023 results on Thursday, May 11, 2023, after market close. The Company will host a conference call to discuss its financial results and provide an update on its business operations at 5:00 p.m. ET the same day.

Rigetti Computing to Report First Quarter 2023 Financial Results and Host Conference Call on May 11, 2023

Rigetti Computing, Inc. (NASDAQ:RGTI ) Q4 2022 Earnings Conference Call March 23, 2023 5:00 PM ET Company Participants Subodh Kulkarni - President and CEO Jeff Bertelsen - CFO David Rivas - CTO Conference Call Participants David Williams - Benchmark Company Quinn Bolton - Needham & Company Operator Thank you for standing by, and welcome to the Rigetti Computing Fourth Quarter and Full Year 2022 Financial Results Conference Call. At this time, all participants in a listen-only mode.

Rigetti Computing, Inc. (RGTI) Q4 2022 Earnings Call Transcript

Strategic Focus on Achieving 99% 2-Qubit Median Fidelity on 84 Qubit Chip Strategic Focus on Achieving 99% 2-Qubit Median Fidelity on 84 Qubit Chip

Rigetti Computing Reports Fourth-Quarter and Full-Year 2022 Results

BERKELEY, Calif., March 13, 2023 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will release fourth quarter and full year 2022 results on Monday, March 27, 2023, after market close. The Company will host a conference call to discuss its financial results and provide an update on its business operations at 5:00 p.m. ET the same day.

Rigetti Computing to Report Fourth Quarter and Full Year 2022 Financial Results and Host Conference Call on March 27, 2023

There are several major changes happening with Rigetti Computing (NASDAQ: RGTI ). That has RGTI stock investors buying up shares today.

Rigetti Computing Layoffs 2023: What to Know About RGTI Job Cuts

BERKELEY, Calif., Feb. 10, 2023 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (“Rigetti” or “the Company”) (NASDAQ: RGTI), a pioneer in hybrid quantum-classical computing systems, today announced that its Board has approved an updated business strategy, including revisions to its technology roadmap. In connection with this updated strategy, the Company will transition to a newly appointed CFO and CTO and is implementing a workforce reduction in order to focus the organization and its resources on nearer-term strategic priorities.

Rigetti Computing Announces Updated Strategic Plan to Prioritize Achieving Higher Performance System and Potential Path to Narrow Quantum Advantage

In my first post of Rigetti Computing, I emphasized the firm had not figured out how to make money. Its quantum computing pedigree and government customer base have made progress perhaps slow.

Revisiting Rigetti Computing: Management Change To Drive Growth?

BERKELEY, Calif., Dec. 22, 2022 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (“Rigetti” or the “Company”) (Nasdaq: RGTI), a pioneer in full-stack quantum-classical computing, today announced that Dr. Subodh Kulkarni, President and CEO, Brian Sereda, CFO, and David Rivas, SVP of Systems and Services, will attend the 25th Annual Needham Growth Conference on Tuesday, January 10, 2023. Management will deliver an investor presentation from 1:30-2:10 p.m. ET (10:30-11:10 a.m. PT) and conduct investor meetings throughout the day.

Rigetti Computing to Present at 25th Annual Needham Growth Conference

Seasoned public company executive with background in the semiconductor industry brings track-record of success in scaling and commercializing cutting-edge technologies Seasoned public company executive with background in the semiconductor industry brings track-record of success in scaling and commercializing cutting-edge technologies

Rigetti Computing Appoints Dr. Subodh Kulkarni as President and Chief Executive Officer

The new applications are expected to be available on the Strangeworks platform in early 2023 on a pay-as-you-go service The new applications are expected to be available on the Strangeworks platform in early 2023 on a pay-as-you-go service

Rigetti to Bring Quantum Machine Learning Applications to Strangeworks Platform

BERKELEY, Calif., Nov. 21, 2022 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced its financial results and the filing of its Quarterly Report on Form 10-Q for the third quarter and nine months ended September 30, 2022.

Rigetti Computing Reports Third Quarter 2022 Financial Results

Rigetti Computing, Inc. (NASDAQ:RGTI ) Third Quarter 2022 Business Update Call November 14, 2022 5:00 PM ET Company Participants Alissa Fitzgerald – Member of Board of Directors and Audit Committee and Chair of the Nominating and Corporate Governance Committee Rick Danis – Interim President and Chief Executive Officer and General Counsel Brian Sereda – Chief Financial Officer David Rivas – Senior Vice President-Systems and Services Conference Call Participants Krish Sankar – Cowen David Williams – Benchmark Quinn Bolton – Needham Operator Good day and thank you for standing by. Welcome to the Rigetti Computing's Third Quarter 2022 Business Update Conference Call.

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