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Sep 30, 2022
Rigetti Q3 2022 Earnings Report
Announced third quarter 2022 financial results.
Key Takeaways
Rigetti Computing reported revenue of $2.8 million for the third quarter of 2022, a slight decrease compared to the prior year period. The company's GAAP net loss was $18.8 million, or ($0.16) per share. They had $161.0 million in cash, cash equivalents and available-for-sale investments as of September 30, 2022.
Revenue for the third quarter of 2022 was $2.8 million, compared to $2.9 million in the prior year period.
Total gross profit for the third quarter of 2022 was $2.0 million, compared with $2.5 million in the prior year period.
Total GAAP operating expenses for the third quarter of 2022 were $33.4 million, compared with $11.6 million in the prior year period.
GAAP net loss for the third quarter of 2022 was $18.8 million, or ($0.16) per share, compared with $9.8 million, or ($0.43) per share, in the prior year period.
Forward Guidance
The Company continues to expect total revenue for the 2022 fiscal year to be between $12.0 million and $13.0 million and is revising its fiscal year 2022 Adjusted EBITDA loss guidance from ($50.0) - ($53.0) million to ($56.0) - ($58.0) million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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