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Rigetti Computing | 8-K: Current report

SEC announcement ·  Feb 6 05:21
Summary by Futu AI
On February 5, 2024, Rigetti Computing, Inc. released preliminary unaudited financial results for the fourth quarter and the full year ended December 31, 2023. The company estimates that its revenue for the quarter will be between $2.9 million and $3.4 million, and between $11.5 million and $12.1 million for the full year. The estimated operating loss for the quarter is between $19.2 million and $17.7 million, and between $74.3 million and $72.8 million for the year. As of December 31, 2023, Rigetti Computing's cash, cash equivalents, and available-for-sale investments are projected to be approximately $99.9 million. The final earnings results for the quarter and full year are expected to be announced in March 2024. Additionally, the company reported the sale of 5,215,464 shares of common stock to B. Riley Principal Capital II LLC, resulting...Show More
On February 5, 2024, Rigetti Computing, Inc. released preliminary unaudited financial results for the fourth quarter and the full year ended December 31, 2023. The company estimates that its revenue for the quarter will be between $2.9 million and $3.4 million, and between $11.5 million and $12.1 million for the full year. The estimated operating loss for the quarter is between $19.2 million and $17.7 million, and between $74.3 million and $72.8 million for the year. As of December 31, 2023, Rigetti Computing's cash, cash equivalents, and available-for-sale investments are projected to be approximately $99.9 million. The final earnings results for the quarter and full year are expected to be announced in March 2024. Additionally, the company reported the sale of 5,215,464 shares of common stock to B. Riley Principal Capital II LLC, resulting in net proceeds of $5.5 million. In a business update, Rigetti Computing announced the public availability of its 84-qubit Ankaa-2 quantum system via its Quantum Cloud Services platform and the award of a Small Business Research Initiative grant to its UK subsidiary for the development of a 24-qubit quantum computer for the National Quantum Computing Centre.

This announcement is a separate document:

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