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Jun 30, 2024
Rigetti Q2 2024 Earnings Report
Rigetti reported financial results for the second quarter of 2024.
Key Takeaways
Rigetti Computing reported total revenues of $3.1 million, an operating loss of $16.1 million, and a net loss of $12.4 million for the second quarter ended June 30, 2024. The company's cash, cash equivalents and available-for-sale securities totaled $100.5 million as of June 30, 2024.
Total revenues for the quarter were $3.1 million.
Operating loss for the quarter was $16.1 million.
Net loss for the quarter was $12.4 million.
Cash, cash equivalents and available-for-sale securities totaled $100.5 million as of June 30, 2024.
Forward Guidance
Rigetti remains on track to develop and deploy its anticipated 84-qubit Ankaa™-3 system with the goal of achieving a 99+% median 2-qubit gate fidelity by the end of 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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