Rigetti Computing, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 22, 2022 at 06:05 am EST
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Rigetti Computing, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 2.8 million compared to USD 2.92 million a year ago. Net loss was USD 18.76 million compared to USD 9.76 million a year ago. Basic loss per share from continuing operations was USD 0.16 compared to USD 0.43 a year ago. Diluted loss per share from continuing operations was USD 0.16 compared to USD 0.43 a year ago.
For the nine months, sales was USD 7.04 million compared to USD 6.82 million a year ago. Net loss was USD 48.65 million compared to USD 27.62 million a year ago. Basic loss per share from continuing operations was USD 0.51 compared to USD 1.25 a year ago. Diluted loss per share from continuing operations was USD 0.51 compared to USD 1.25 a year ago.
Rigetti Computing, Inc. is a full-stack quantum computing company. The Company operates quantum computers over the cloud and serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform. The Company's quantum-classical infrastructure provides high performance integration with public and private clouds for practical quantum computing. It has developed a multi-chip quantum processor for scalable quantum computing systems. Through the Companyâs Quantum Computing as a Service (QCaaS) platform, its machines can be integrated into any public, private or hybrid cloud. It is also engaged in the sale of quantum processing units (QPUs) and custom computing components, and development contracts and other services. Its QPUs contain fabricated silicon-based chips featuring superconducting qubits. The Company designs and manufactures its chips in-house at Fab-1, an integrated quantum device manufacturing facility.
RIGETTI COMPUTING, INC. 
