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Rigetti Computing Inc Rgti Reports Q1 Loss Lags Revenue Nasdaq

Bonisiwe Shabane
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rigetti computing inc rgti reports q1 loss lags revenue nasdaq

Written by Zacks Equity Research for Zacks-> Rigetti Computing, Inc. (RGTI) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to loss of $0.14 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -60%.

A quarter ago, it was expected that this company would post a loss of $0.08 per share when it actually produced a loss of $0.08, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Rigetti Computing, which belongs to the Zacks Internet - Software industry, posted revenues of $1.47 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 40.16%. This compares to year-ago revenues of $3.05 million. The company has not been able to beat consensus revenue estimates over the last four quarters. May 12, 2025 16:05 ET | Source: Rigetti Computing, Inc.

Rigetti Computing, Inc. BERKELEY, Calif., May 12, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced its financial results for the first quarter ended March 31, 2025. First Quarter 2025 and Recent Financial Highlights “Rigetti is proud to be awarded important government-funded projects in the U.S. and U.K.

to advance our technology, which demonstrates our continued leadership in superconducting quantum computing,” says Rigetti CEO Dr. Subodh Kulkarni. “We also are making great strides in developing innovative approaches to scaling to higher qubit count systems, which is possible due to our open and modular system architecture, in-house full-stack expertise, and world-class partners.” Rigetti Selected to Participate in DARPA’s Quantum Benchmarking Initiative Rigetti will advance to Stage A, a 6-month performance period focused on the Company’s utility-scale quantum computer concept worth up to $1 million upon completion... Rigetti’s proposed concept to design and build a Utility-Scale Quantum Computer (USQC) combines the Company’s proprietary multi-chip architecture with scalable quantum error correction (QEC) codes. Rigetti’s long-time partner and leader in QEC technology, Riverlane, will be collaborating on this project and bringing their expertise to help refine the proposed USQC concept and validate the underlying technology.

Rigetti Computing, Inc. (NASDAQ:RGTI) released its first-quarter results after Monday's closing bell. Here's a look at the details of the report. The Details: Rigetti reported quarterly earnings of 13 cents per share, which beat the analyst consensus estimate of losses of six cents. Quarterly revenue came in at $1.47 million, which missed the analyst consensus estimate of $2.55 million and is down from revenue of $3.05 million from the same period last year. Read Next: Tesla Robotaxi Hopes Dashed By Uber, Lyft: No Fast Lane To Profits, Warns Investor Gary Black

“Rigetti is proud to be awarded important government-funded projects in the U.S. and U.K. to advance our technology, which demonstrates our continued leadership in superconducting quantum computing,” says Rigetti CEO Dr. Subodh Kulkarni. “We also are making great strides in developing innovative approaches to scaling to higher qubit count systems, which is possible due to our open and modular system architecture, in-house full-stack expertise, and world-class partners,”... Nice quantum volatility today, missed the $RGTI 5 min cup and handle!

Keep an eye on anything Quantum related over the next two months 😉 The setups for these names are looking very very good - RGTI, QBTS, QUBT, LAES etc The weekly oscillators are flipping... These weekly $RGTI $11 calls we gave at 30 cents are up 700% today.

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Written By Zacks Equity Research For Zacks-> Rigetti Computing, Inc.

Written by Zacks Equity Research for Zacks-> Rigetti Computing, Inc. (RGTI) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to loss of $0.14 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -60%.

A Quarter Ago, It Was Expected That This Company Would

A quarter ago, it was expected that this company would post a loss of $0.08 per share when it actually produced a loss of $0.08, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Rigetti Computing, which belongs to the Zacks Internet - Software industry, posted revenues of $1.47 million for the quarter ended March 2025, missing the Za...

Rigetti Computing, Inc. BERKELEY, Calif., May 12, 2025 (GLOBE NEWSWIRE)

Rigetti Computing, Inc. BERKELEY, Calif., May 12, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced its financial results for the first quarter ended March 31, 2025. First Quarter 2025 and Recent Financial Highlights “Rigetti is proud to be awarded important government-funded projects i...

To Advance Our Technology, Which Demonstrates Our Continued Leadership In

to advance our technology, which demonstrates our continued leadership in superconducting quantum computing,” says Rigetti CEO Dr. Subodh Kulkarni. “We also are making great strides in developing innovative approaches to scaling to higher qubit count systems, which is possible due to our open and modular system architecture, in-house full-stack expertise, and world-class partners.” Rigetti Selecte...

Rigetti Computing, Inc. (NASDAQ:RGTI) Released Its First-quarter Results After Monday's

Rigetti Computing, Inc. (NASDAQ:RGTI) released its first-quarter results after Monday's closing bell. Here's a look at the details of the report. The Details: Rigetti reported quarterly earnings of 13 cents per share, which beat the analyst consensus estimate of losses of six cents. Quarterly revenue came in at $1.47 million, which missed the analyst consensus estimate of $2.55 million and is down...