On August 8, 2024, Rigetti Computing, Inc., a Delaware-incorporated company listed on the Nasdaq Capital Market under the symbol RGTI, filed a Form 8-K report with the SEC to announce its financial results for the second quarter ended June 30, 2024. The company reported total revenues of $3.1 million, operating expenses of $18.1 million, resulting in an operating loss of $16.1 million and a net loss of $12.4 million for the quarter. Additionally, Rigetti raised $27.8 million through the sale of common shares under its ATM program during the period from April 1 to July 12, 2024, with $15.8 million raised in the three months ended June 30, 2024. As of June 30, 2024, the company's cash, cash equivalents, and available-for-sale securities totaled $100.5 million. Rigetti also highlighted its progress in quantum computing technology...Show More

On August 8, 2024, Rigetti Computing, Inc., a Delaware-incorporated company listed on the Nasdaq Capital Market under the symbol RGTI, filed a Form 8-K report with the SEC to announce its financial results for the second quarter ended June 30, 2024. The company reported total revenues of $3.1 million, operating expenses of $18.1 million, resulting in an operating loss of $16.1 million and a net loss of $12.4 million for the quarter. Additionally, Rigetti raised $27.8 million through the sale of common shares under its ATM program during the period from April 1 to July 12, 2024, with $15.8 million raised in the three months ended June 30, 2024. As of June 30, 2024, the company's cash, cash equivalents, and available-for-sale securities totaled $100.5 million. Rigetti also highlighted its progress in quantum computing technology, including the development of its 84-qubit Ankaa-3 system and its modular chip architecture, which is expected to facilitate scalable quantum processors. The company's research on multichip tunable couplers was published in Physical Review Applied in May 2024. Rigetti's CEO, Dr. Subodh Kulkarni, expressed confidence in the company's technology and performance improvements. A conference call to discuss the financial results was scheduled for later that day.