Rigetti Computing Inc - RGTIW STOCK NEWS

Rigetti Computing (Nasdaq: RGTI), a leader in hybrid quantum-classical computing, has scheduled its first quarter 2025 earnings release for May 12, 2025, after market close.

The company will host a conference call and webcast at 5:00 p.m. ET / 2:00 p.m. PT on the same day to discuss financial results and provide business updates.

• Earnings Release Date: May 12, 2025 (after market close)
• Conference Call Time: 5:00 p.m. ET / 2:00 p.m. PT
• Access Options: Live audio webcast or phone dial-in

Interested participants can access the webcast through the company's Investor Relations website at investors.rigetti.com. A replay will be available at the same location for one year following the call. For phone participation, registration is required through the provided link to receive dial-in details and a unique PIN.

Rigetti Computing (RGTI) has been awarded a $5.48 million Air Force Office of Scientific Research grant to advance its Alternating-Bias Assisted Annealing (ABAA) chip fabrication technology. The Rigetti-led consortium, including Iowa State University, Royal Melbourne Institute of Technology, University of Connecticut, and Lawrence Livermore National Laboratory, will study how ABAA reduces defects in superconducting qubits.

ABAA, introduced last year, applies alternating low-voltage pulses at room temperature to the oxide barrier of the Josephson junction in superconducting qubits. This technique enables precise targeting of qubit frequencies before chip packaging, improving two-qubit gate fidelity and technology scalability. Rigetti devices using ABAA have shown reduced two-level systems (TLSs), which are defects that impact qubit performance.

Rigetti (NASDAQ: RGTI) has won Innovate UK's Quantum Missions pilot competition, leading a £3.5 million consortium with Riverlane and the National Quantum Computing Centre (NQCC) to advance quantum error correction capabilities. The project focuses on enhancing superconducting quantum computers for fault-tolerant quantum computing.

Key developments include:

• Upgrading NQCC's quantum computer from 24 to 36 qubits
• Implementing Rigetti's latest generation control system
• Integrating with Riverlane's Quantum Error Correction Stack

Additionally, Rigetti secured two more Quantum Missions projects: a collaboration with SEEQC for digital chip-based technology integration, and a partnership with TreQ, Qruise, Q-CTRL, and Oxford Ionics to create an open-architecture quantum computing testbed.

Rigetti Computing (RGTI) has been selected to participate in DARPA's Quantum Benchmarking Initiative (QBI), a program aimed at verifying if quantum computing can achieve utility-scale operation by 2033. The company will advance to Stage A, a 6-month performance period worth up to $1 million upon completion.

Rigetti's concept for a Utility-Scale Quantum Computer (USQC) combines their proprietary multi-chip architecture with scalable quantum error correction (QEC) codes. The company will collaborate with Riverlane, leveraging Quantum Low Density Parity Check (qLDPC) codes for more efficient scaling towards fault-tolerant systems.

The company's current achievements include:

• Deployment of 84-qubit Ankaa-3 system with 99.0% ISWAP gate fidelity
• Development of Alternating Bias Assisted Annealing (ABAA) chip fabrication technique
• Implementation of innovative multi-chip architecture technology

Rigetti Computing (RGTI) reported Q4 and full-year 2024 financial results. Q4 revenues were $2.3 million with operating expenses of $19.5 million and a net loss of $153.0 million. Full-year 2024 saw revenues of $10.8 million with operating expenses of $74.2 million and a net loss of $201.0 million.

Key developments include a strategic collaboration with Quanta Computer, involving $100 million investments from each party over five years, plus Quanta's additional $35 million stock purchase. The company launched its 84-qubit Ankaa-3 system achieving 99.0% median iSWAP gate fidelity and 99.5% median fidelity with fSim gates. Montana State University became the first academic institution to purchase a Novera QPU.

As of December 31, 2024, cash and equivalents totaled $217.2 million, bolstered by $153.3 million in net proceeds from stock sales.

Rigetti Computing (Nasdaq: RGTI), a pioneer in full-stack quantum-classical computing, has announced its participation in the upcoming Cantor Global Technology Conference. The company's CEO, Dr. Subodh Kulkarni, will engage in a fireside chat scheduled for March 12, 2025, from 8:40 AM to 9:15 AM ET.

Investors can access the live webcast through the 'Events' section on Rigetti's Investor Relations website. The presentation will remain available for replay for 180 days after the event concludes.

Rigetti Computing (RGTI) has announced a strategic collaboration with Quanta Computer to accelerate development and commercialization of superconducting quantum computing. Both companies will invest over $100 million each over the next five years, focusing on their complementary strengths. Additionally, Quanta will invest $35 million to purchase Rigetti shares, pending regulatory approval.

The quantum computing market is expected to reach $1-2 billion annually by 2030. The partnership leverages Rigetti's pioneering position in superconducting quantum technology and open modular architecture, combined with Quanta's expertise as a leading notebook/server manufacturer with $43 billion in annual sales.

Rigetti Computing (NASDAQ: RGTI), a pioneer in hybrid quantum-classical computing, has announced it will release its fourth quarter 2024 financial results on March 5, 2025, after market close. The company will host a conference call at 5:00 p.m. ET / 2:00 p.m. PT on the same day to discuss financial results and provide business updates.

Investors and interested parties can access the live audio webcast through the company's investor relations website. A replay will be available for one year following the call. To participate in the live call, registration is required through the provided link, which will supply dial-in numbers and a unique PIN for access.

QphoX, Rigetti Computing (Nasdaq: RGTI), and Qblox announced the publication of their joint research in Nature Physics, demonstrating successful optical readout of superconducting qubits using an optical transducer. The research addresses a critical challenge in quantum computing scalability.

The breakthrough involves converting microwave signals used to control qubits into infrared light that can be transmitted through fiber optics. This solution could overcome current limitations of dilution refrigerators, which cannot accommodate the extensive wiring needed for fault-tolerant quantum computers requiring 10,000 to a million physical qubits.

Using QphoX's piezo-optomechanical technology, the team successfully demonstrated that their transducer can convert qubit readout signals while protecting the qubit from decoherence caused by thermal noise or stray optical photons. This development represents a significant step toward more efficient and scalable quantum computing systems.