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Dec 31, 2023
Rigetti Q4 2023 Earnings Report
Rigetti reported fourth quarter and full year 2023 results.
Key Takeaways
Rigetti Computing reported Q4 2023 total revenues of $3.4 million, an operating loss of $17.2 million, and a net loss of $12.6 million. The company's cash, cash equivalents and available-for-sale securities totaled $99.9 million as of December 31, 2023.
Deployed the 84-qubit Ankaa™-2 quantum computer, with a 2.5X improvement in error performance.
Achieved a 98% median 2-qubit fidelity with Ankaa™-2.
Won competition to develop and deliver a 24-qubit quantum computing system to the UK’s National Quantum Computing Centre (NQCC).
Launched the Novera™ QPU, a 9-qubit quantum processor unit available for integration into customers’ on-premise systems.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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