Rigetti Computing Reports Earnings. How the Company Takes a Different Approach to Quantum. - Barron's
1. Rigetti reported Q1 revenue of $1.5 million, below expectations. 2. Operating loss widened to $21.6 million compared to last year. 3. Company highlighted 'lumpy' revenue from milestone contracts. 4. Cash reserves increased to $237.7 million after investment from Quanta Computer. 5. Future profitability depends on securing more projects in R&D.