Rigetti Computing, Inc. (RGTI)
| Market Cap | 185.07M |
| Revenue (ttm) | 12.01M |
| Net Income (ttm) | -75.11M |
| Shares Out | 158.18M |
| EPS (ttm) | -0.57 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 2,576,675 |
| Open | 1.190 |
| Previous Close | 1.180 |
| Day's Range | 1.160 - 1.255 |
| 52-Week Range | 0.360 - 3.430 |
| Beta | 2.44 |
| Analysts | Strong Buy |
| Price Target | 3.17 (+170.94%) |
| Earnings Date | May 9, 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, RGTI'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 3 analysts, the average rating for RGTI stock is "Strong Buy." The 12-month stock price forecast is $3.17, which is an increase of 170.94% from the latest price.
News
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 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 to Report Fourth Quarter and Full Year 2023 Financial Results and Host Conference Call on March 14, 2024
BERKELEY, Calif., March 04, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will ...
Riverlane and Rigetti Computing Partner with Oak Ridge National Laboratory to Work to Improve HPC-Quantum Integration
CAMBRIDGE, United Kingdom and BERKELEY, Calif., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Riverlane, the global leader in quantum error correction technology, and Rigetti (Nasdaq: RGTI), a pioneer in full-sta...
Rigetti Computing Wins Innovate UK Competition to Deliver a 24-qubit Quantum Computing System to the National Quantum Computing Centre
LONDON, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Rigetti UK Limited, a wholly owned subsidiary of Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classica...
Rigetti Computing Awarded Innovate UK Grant to Develop Quantum Machine Learning Techniques for Financial Data Streams
LONDON, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Rigetti UK Limited, a wholly owned subsidiary of Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classica...
Rigetti Announces Public Availability of Ankaa-2 System with a 2.5x Performance Improvement Compared to Previous QPUs
The Company's 84-qubit Ankaa™-2 system is now publicly available to all of its customers via Rigetti Quantum Cloud Services (QCS™). The Ankaa-2 system has achieved a 98% median 2-qubit fidelity, a 2.5...
Rigetti Launches the Novera QPU, the Company's First Commercially Available QPU
BERKELEY, Calif., Dec. 06, 2023 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, announced today the launch...
Rigetti Computing Awarded Phase 2 of DARPA Benchmarking Program
BERKELEY, Calif., Nov. 21, 2023 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced that it wa...
Rigetti Computing Reports Third Quarter 2023 Results
BERKELEY, Calif., Nov. 09, 2023 (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 Awarded Innovate UK Grant to Enhance Quantum Machine Learning Methods for Anti-Money Laundering Detection
LONDON, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Rigetti UK Limited, a wholly owned subsidiary of Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classica...
Rigetti Computing Appoints Thomas J. Iannotti as Chairman of the Board of Directors
BERKELEY, Calif., Oct. 31, 2023 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced that it ha...
Rigetti Computing Awarded DARPA IMPAQT Contract to Advance Quantum Algorithms for Solving Combinatorial Optimization Problems
Rigetti was selected by the Defense Advanced Research Projects Agency (DARPA) to advance the state-of-the-art in quantum algorithms for solving combinatorial optimization problems as part of the Imagi...
Rigetti Computing Awarded Five-Year Contract with Air Force Research Lab for Quantum Foundry Services
The five-year Indefinite Delivery Indefinite Quantity contract establishes the ability for the Air Force Research Lab (AFRL) to purchase Rigetti's state-of-the-art superconducting qubit fabrication ca...
Rigetti Computing Reports Second Quarter 2023 Results
BERKELEY, Calif., Aug. 10, 2023 (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 2023 Financial Results and Host Conference Call on August 10, 2023
BERKELEY, Calif., July 27, 2023 (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 and ADIA Lab Sign Collaboration Agreement to Develop Quantum Machine Learning Solution for Probability Distribution Classification
Together, Rigetti and ADIA Lab plan to design, build, execute, and optimize a quantum computing solution intended to address the probability distribution classification problem, one of the greatest ch...
Rigetti Computing Reports First Quarter 2023 Results
Fourth Generation Ankaa-1 Chip Demonstrates Median 2-Qubit Gate Fidelity and Gate Speed Improvements Superior to Aspen M-3 Fourth Generation Ankaa-1 Chip Demonstrates Median 2-Qubit Gate Fidelity and ...
Rigetti Computing to Report First Quarter 2023 Financial Results and Host Conference Call on May 11, 2023
BERKELEY, Calif., April 27, 2023 (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 Reports Fourth-Quarter and Full-Year 2022 Results
Strategic Focus on Achieving 99% 2-Qubit Median Fidelity on 84 Qubit Chip Strategic Focus on Achieving 99% 2-Qubit Median Fidelity on 84 Qubit Chip
Rigetti Computing to Report Fourth Quarter and Full Year 2022 Financial Results and Host Conference Call on March 27, 2023
BERKELEY, Calif., March 13, 2023 (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 Announces Updated Strategic Plan to Prioritize Achieving Higher Performance System and Potential Path to Narrow Quantum Advantage
BERKELEY, Calif., Feb. 10, 2023 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (“Rigetti” or “the Company”) (NASDAQ: RGTI), a pioneer in hybrid quantum-classical computing systems, today announced that i...
Rigetti Computing to Present at 25th Annual Needham Growth Conference
BERKELEY, Calif., Dec. 22, 2022 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (“Rigetti” or the “Company”) (Nasdaq: RGTI), a pioneer in full-stack quantum-classical computing, today announced that Dr. S...
Rigetti Computing Appoints Dr. Subodh Kulkarni as President and Chief Executive Officer
Seasoned public company executive with background in the semiconductor industry brings track-record of success in scaling and commercializing cutting-edge technologies Seasoned public company executiv...
Rigetti to Bring Quantum Machine Learning Applications to Strangeworks Platform
The new applications are expected to be available on the Strangeworks platform in early 2023 on a pay-as-you-go service The new applications are expected to be available on the Strangeworks platform i...