Welcome to our dedicated page for Rigetti Computing news (Ticker: RGTIW), a resource for investors and traders seeking the latest updates and insights on Rigetti Computing stock.
Rigetti Computing Inc (RGTIW) drives innovation in full-stack quantum systems through superconducting qubits and multi-chip architectures. This news hub provides investors and technology professionals with essential updates about the company's quantum computing advancements, financial developments, and strategic initiatives.
Access verified press releases and analysis covering RGTIW's quantum processor innovations, manufacturing milestones from Fab-1, and partnerships with cloud infrastructure providers. Our curated collection helps stakeholders track progress in quantum-classical integration and scalable computing solutions.
Key updates include earnings reports, technology patents, collaborative research projects, and leadership announcements. All content is sourced from official channels to ensure reliability for investment analysis and market research.
Bookmark this page for ongoing access to RGTIW's latest quantum computing developments. Check regularly for updates on superconducting processor enhancements, quantum cloud service expansions, and industry-specific applications of their technology.
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.
Rigetti Computing will attend the 25th Annual Needham Growth Conference on January 10, 2023. Key executives, including Dr. Subodh Kulkarni, President and CEO, will present from 1:30-2:10 p.m. ET. Investors can access a live webcast of the presentation and accompanying slides on the Company’s Investor Relations website. Rigetti is recognized for its pioneering work in quantum computing, having developed the first multi-chip quantum processor and offering cloud-based services since 2017. The Company holds over 150 patents and has a workforce of more than 190 people.
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