Rigetti Computing Inc. (NASDAQ:RGTI) posted its second-quarter results after Thursday’s closing bell, missing analysts’ revenue estimates. Here’s a look at the details inside the report.
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Rigetti Q2 Details
Rigetti reported quarterly losses of five cents per share, in line with the analyst consensus estimate, according to Benzinga Pro data.
Quarterly revenue came in at $5.1 million, which missed the Street estimate of $5.15 million.
“In the second quarter, we continued to execute on our strategy by focusing on our system performance, progressing our core technology roadmap and broadening on-premises system deployments,” said Dr. Subodh Kulkarni, CEO of Rigetti.
“We are seeing broadening engagement across government, academic and commercial customers, and we believe our open modular approach, superconducting gate-based architecture, and chiplet-based scaling strategy continue to differentiate Rigetti in the market,” Kulkarni added.
RGTI Stock Price Activity: According to data from Benzinga Pro, Rigetti stock was down 4.6% to $15.77 in Thursday’s extended trading.
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