Welcome to our dedicated page for Rigetti Computing news (Ticker: RGTI), a resource for investors and traders seeking the latest updates and insights on Rigetti Computing stock.
Rigetti Computing Inc (NASDAQ: RGTI) is a leader in full-stack quantum computing, combining superconducting qubit technology with hybrid quantum-classical systems. This dedicated news hub provides investors and industry professionals with essential updates on the company's technical advancements, financial developments, and strategic initiatives.
Access curated press releases and analysis covering quantum processor innovations, partnership announcements, and operational milestones. Our repository includes updates on Rigetti's proprietary manufacturing capabilities at Fab-1, quantum cloud service enhancements, and collaborative research breakthroughs.
Key content categories feature earnings reports, technology white papers, executive leadership updates, and industry conference participation. Bookmark this page for streamlined tracking of RGTI's progress in developing practical quantum computing solutions for enterprise and government applications.
Rigetti Computing announced its financial results for Q4 and the full year 2022, highlighting a revenue increase to $6.1 million in Q4 compared to $1.8 million in Q4 2021. However, operating expenses rose sharply to $32.0 million, leading to an operating loss of $26.7 million. For the full year, Rigetti reported total revenues of $13.1 million and a net loss of $71.5 million. The company aims to reach 99% median 2-qubit fidelity on its 84-qubit Ankaa-2 chip by 2024. Rigetti is focusing on strategic priorities, including a workforce reduction to preserve cash and plans for future funding needs.
Rigetti Computing, Inc. (Nasdaq: RGTI) announced it will release its fourth quarter and full year 2022 results on March 27, 2023, after market close. A conference call will be held the same day at 5:00 p.m. ET to discuss the financial results and provide an operational update. Interested participants can access the call via a provided webcast link and must register to join the live discussion. Rigetti is recognized for its pioneering role in hybrid quantum-classical computing and operates a dedicated quantum device manufacturing facility, supporting global clients through its Quantum Cloud Services platform.
Rigetti Computing, Inc. (NASDAQ: RGTI) has announced a revised business strategy focused on immediate priorities, including an updated technology roadmap and leadership changes. The company will release the Ankaa-1 84-qubit system in Q1 2023, with enhanced performance goals. Jeffrey Bertelsen has been appointed as CFO, replacing Brian Sereda, who will assist during the transition. Additionally, David Rivas has been promoted to CTO. To reduce operating expenses, Rigetti is implementing a workforce reduction of approximately 28%. The strategic changes aim to concentrate on achieving narrow quantum advantage and improving operational efficiency.
FAQ
What is the current stock price of Rigetti Computing (RGTI)?
What is the market cap of Rigetti Computing (RGTI)?
