Rigetti Computing Inc.
Rigetti Computing Reports Q4 2023 and Full Year Financial Results
Summary
Rigetti Computing, Inc. announced its financial results for the fourth quarter and full year ended December 31, 2023. For Q4 2023, the company reported total revenues of $3.4 million and a net loss of $12.6 million. For the full year 2023, total revenues were $12.0 million with a net loss of $75.1 million. The company also highlighted several business updates, including the deployment of its 84-qubit Ankaa-2 quantum computer, winning a competition to develop a 24-qubit quantum computing system for the UK's National Quantum Computing Centre, and launching its Novera 9-qubit QPU. The press release with detailed financials is furnished as Exhibit 99.1.
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About Rigetti Computing Inc.
Rigetti Computing Inc. is at the forefront of a burgeoning sector within the technology industry, specializing in quantum computing. The company's main objective is to develop and commercialize quantum computing solutions that can outperform classical computers in specific tasks, which holds promise for industries like pharmaceuticals, finance, and artificial intelligence. Rigetti's pioneering efforts aim to harness the principles of quantum mechanics to create advanced hardware and cloud platforms that enable complex problem-solving and optimization capabilities. Founded in 2013 and headquartered in Berkeley, California, Rigetti endeavors to merge cutting-edge quantum technology with practical applications, potentially revolutionizing computational methods across various domains. By building a quantum computing ecosystem, Rigetti Computing Inc. plays a crucial role in advancing the technological paradigm, making it a significant entity within the rapidly evolving landscape of modern computing.
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