Rigetti Computing, Inc. (RGTI)
| Market Cap | 259.60M |
| Revenue (ttm) | 11.89M |
| Net Income (ttm) | -60.60M |
| Shares Out | 192.30M |
| EPS (ttm) | -0.37 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 15,484,161 |
| Open | 1.380 |
| Previous Close | 1.310 |
| Day's Range | 1.320 - 1.490 |
| 52-Week Range | 0.660 - 2.360 |
| Beta | 2.14 |
| Analysts | Strong Buy |
| Price Target | 2.88 (+113.33%) |
| Earnings Date | Nov 12, 2024 |
About RGTI
Rigetti Computing, Inc., through its subsidiaries, builds quantum computers and the superconducting quantum processors. The company offers cloud in a form of quantum processing unit, such as 9-qubit chip and Ankaa-2 system under the Novera brand name; and sells access to its quantum computers through quantum computing as a service. It also provides quantum cloud services that provides various range of support in programming, public or private clouds integration, and connectivity, as well as quantum operating system software that supports both p... [Read more]
Financial Performance
In 2023, Rigetti Computing's revenue was $12.01 million, a decrease of -8.35% compared to the previous year's $13.10 million. Losses were -$75.11 million, 5.01% more than in 2022.
Financial StatementsAnalyst Forecast
According to 4 analysts, the average rating for RGTI stock is "Strong Buy." The 12-month stock price forecast is $2.88, which is an increase of 113.33% from the latest price.
News
Rigetti Computing Rises After Q3 2024 Earnings Due To Modular QPU Framework
Rigetti Computing focuses on quantum computing with superconducting qubit-based processors but faces financial challenges despite technological advancements. The company raised $12 million in Q3 2024 ...
Rigetti to Present Keynote at SEMICON Europa 2024
BERKELEY, Calif., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced that Dr. S...
Rigetti Computing, Inc. (RGTI) Q3 2024 Earnings Call Transcript
Rigetti Computing, Inc. (NASDAQ:RGTI) Q3 2024 Earnings Conference Call November 12, 2024 8:30 AM ET Company Participants Subodh Kulkarni - President and CEO Jeff Bertelsen - CFO Conference Call Parti...
Rigetti Computing Reports Third Quarter 2024 Financial Results and Business Updates
BERKELEY, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced its financ...
Rigetti and Riverlane Progress Towards Fault Tolerant Quantum Computing with Real-Time and Low Latency Error Correction on Rigetti QPU
By integrating Riverlane's quantum error decoder into the control system of Rigetti's 84-qubit Ankaa™-2 system, the team was able to demonstrate real-time, low latency quantum error correction, a crit...
Fully Operational Rigetti QPU Included in UK's Recently Opened National Quantum Computer Centre
The UK's National Quantum Computing Centre (NQCC) officially opened the doors of its landmark facility on Harwell Campus on October 25. The state-of-the-art facility includes a fully operational 24-qu...
Rigetti Computing to Report Third Quarter 2024 Financial Results and Host Conference Call on November 12, 2024
BERKELEY, Calif., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will r...
Rigetti CEO Dr. Subodh Kulkarni to Speak at Stanford Conference on Technology + National Security
Rigetti CEO, Dr. Subodh Kulkarni, will be a speaker at the second annual Stanford Conference on Technology + National Security being held October 8-9.
Rigetti Introduces Novel Chip Fabrication Process For Scalable, High Performing QPUs
Rigetti's novel technique, Alternating-Bias Assisted Annealing (ABAA), allows for more precise qubit frequency targeting, enabling improved execution of 2-qubit gates and a reduction in defects, which...
Rigetti Computing, Inc. (RGTI) Q2 2024 Earnings Call Transcript
Rigetti Computing, Inc. (NASDAQ:RGTI) Q2 2024 Earnings Conference Call August 8, 2024 4:30 PM ET Company Participants Subodh Kulkarni - President and CEO Jeff Bertelsen - CFO Conference Call Particip...
Rigetti Computing Reports Second Quarter 2024 Financial Results
BERKELEY, Calif., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced its financ...
Rigetti Computing to Report Second Quarter 2024 Financial Results and Host Conference Call on August 8, 2024
BERKLEY, Calif., July 29, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will re...
Rigetti to Present Keynote at SEMICON West 2024
Dr. Subodh Kulkarni, Rigetti CEO, will be delivering a keynote presentation at SEMICON West 2024 in San Francisco, California, on July 10, 2024 at 10am PDT
Rigetti Computing Set to Join Russell 3000® Index
BERKELEY, Calif., May 29, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (“Rigetti” or “the Company”) (NASDAQ: RGTI), a pioneer in hybrid quantum-classical computing systems, today announced the Com...
Rigetti Computing: Should Benefit Greatly From Novera Partnership Program
Rigetti Computing is a company developing full-stack quantum supercomputer services through its cloud-based platform, Forest. The company's stock has experienced disappointing performance since going ...
Rigetti Computing, Inc. (RGTI) Q1 2024 Earnings Call Transcript
Rigetti Computing, Inc. (NASDAQ:RGTI) Q1 2024 Earnings Conference Call May 9, 2024 5:00 PM ET Company Participants Subodh Kulkarni - President and Chief Executive Officer Jeff Bertelsen - Chief Finan...
Rigetti Computing Reports First Quarter 2024 Financial Results
BERKELEY, Calif., May 09, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced its financi...
Investors eye these 4 emerging quantum computing stocks for quick profits
Investments going into quantum computing have been on a rise recently especially since artificial intelligence remains the front and centre of all financial debates. In fact, the United States alone ...
Rigetti Computing to Report First Quarter 2024 Financial Results and Host Conference Call on May 9, 2024
BERKELEY, Calif., April 30, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will ...
Rigetti Computing Launches the Novera™ QPU Partner Program
The Novera QPU Partner Program aims to enable high-performing, on-premises quantum computing by creating an ecosystem of quantum computing hardware, software, and service providers who build and offer...
Rigetti Computing Delivers Novera™ QPU to Horizon Quantum Computing for Singapore-Based Hardware Testbed
BERKELEY, Calif., April 23, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, announces the sale of a N...
Rigetti and Oxford Instruments Announce Successful Completion of Innovate UK Project to Launch One of the First UK-Based Quantum Computers
LONDON and OXFORD, United Kingdom, April 16, 2024 (GLOBE NEWSWIRE) -- Rigetti UK Limited, a wholly owned subsidiary of Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in...
Rigetti Computing, Inc. (RGTI) Q4 2023 Earnings Call Transcript
Rigetti Computing, Inc. (RGTI) Q4 2023 Earnings Call Transcript
Rigetti Computing Reports Fourth Quarter and Full Year 2023 Results
Deployed the 84-qubit Ankaa™-2 quantum computer, with a 2.5X improvement in error performance compared to the Company's previous QPUs and achieved a 98% median 2-qubit fidelity. Won competition to dev...
Rigetti Computing: A Buy Despite Low Revenues In An Emerging Field
Rigetti Computing has experienced a surge in stock price, indicating high growth potential in the quantum computing industry. The company is expecting strong earnings in Q4 2023 and has several intell...