Rigetti Q3 2023 Earnings Report
Key Takeaways
Rigetti Computing reported a revenue of $3.1 million for the third quarter of 2023, reflecting a slight increase compared to the previous year. However, the company experienced a net loss of $22.2 million. The company's cash, cash equivalents, and available-for-sale securities totaled $110.2 million as of September 30, 2023.
Total revenue reached $3.1 million for the three months ended September 30, 2023.
Operating loss amounted to $16.8 million for the three months ended September 30, 2023.
Net loss was $22.2 million for the three months ended September 30, 2023.
Cash, cash equivalents, and available-for-sale securities totaled $110.2 million as of September 30, 2023.
Rigetti
Rigetti
Forward Guidance
Rigetti anticipates having between $88 million and $94 million in cash, cash equivalents, and available-for-sale securities by the close of 2023, assuming no additional capital is raised.