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Rigetti Stock Slips After Posting Q1 Results: Details

Benzinga05-12

Rigetti Computing Inc. (NASDAQ:RGTI) stock pulled back after the quantum company posted its first-quarter results after Monday’s closing bell. Here's a look at the details inside the report.

RGTI stock is moving. Watch the price action here.

Rigetti Q1 Details

Rigetti reported quarterly losses of four cents per share, which met the consensus estimate, according to Benzinga Pro data.

Quarterly revenue came in at $4.4 million, which beat the analyst consensus estimate of $3.97 million by 10.86%.

Non-GAAP net loss was $14.7 million for the quarter.

“In the first quarter, we continued to execute on our strategy by bringing our 108-qubit Cepheus-1-108Q system into general availability on Rigetti QCS, Amazon Braket, Microsoft Azure Quantum and qBraid,” said Dr. Subodh Kulkarni, Rigetti CEO.

“We believe Cepheus-1-108Q is one of the most powerful generally available gate-based quantum computers in the world, and as the largest modular system on the market today, it is an important validation of our chiplet-based architecture in a production setting,” Dr. Kulkarni added.

Read Also: Elon Musk Joins Trump's China Trip — Nvidia CEO Jensen Huang Not Invited

RGTI Stock Price: According to data from Benzinga Pro, Rigetti stock was down 1.95% to $20.11 in Monday's extended trading.

Photo: Shutterstock

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Here's a look at the details inside the report. </p>\n<ul>\n<li><strong>RGTI stock is moving. </strong><strong>Watch the price action here.</strong></li>\n</ul>\n<h2><strong>Rigetti Q1 Details       </strong></h2>\n<p>Rigetti reported quarterly losses of four cents per share, which met the consensus estimate, according to Benzinga Pro data. </p>\n<p>Quarterly revenue came in at $4.4 million, which beat the analyst consensus estimate of $3.97 million by 10.86%.</p>\n<p>Non-GAAP net loss was $14.7 million for the quarter. </p>\n<p>“In the first quarter, we continued to execute on our strategy by bringing our 108-qubit Cepheus-1-108Q system into general availability on Rigetti QCS, <a href=\"https://laohu8.com/S/AMZN\">Amazon</a> Braket, Microsoft Azure <a href=\"https://laohu8.com/S/QMCO\">Quantum</a> and qBraid,” said <strong>Dr. Subodh Kulkarni,</strong> Rigetti CEO.</p>\n<p>“We believe Cepheus-1-108Q is one of the most powerful generally available gate-based quantum computers in the world, and as the largest modular system on the market today, it is an important validation of our chiplet-based architecture in a production setting,” Dr. Kulkarni added. </p>\n<div>\n<p>\n<strong>\nRead Also:\n\nElon Musk Joins Trump's China Trip — <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> CEO Jensen Huang Not Invited\n</strong>\n</p>\n</div>\n<p><strong>RGTI Stock Price:</strong> According to data from Benzinga Pro, Rigetti stock was down 1.95% to $20.11 in Monday's extended trading.  </p>\n<p><em>Photo: Shutterstock</em></p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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Here's a look at the details inside the report. </p>\n<ul>\n<li><strong>RGTI stock is moving. </strong><strong>Watch the price action here.</strong></li>\n</ul>\n<h2><strong>Rigetti Q1 Details       </strong></h2>\n<p>Rigetti reported quarterly losses of four cents per share, which met the consensus estimate, according to Benzinga Pro data. </p>\n<p>Quarterly revenue came in at $4.4 million, which beat the analyst consensus estimate of $3.97 million by 10.86%.</p>\n<p>Non-GAAP net loss was $14.7 million for the quarter. </p>\n<p>“In the first quarter, we continued to execute on our strategy by bringing our 108-qubit Cepheus-1-108Q system into general availability on Rigetti QCS, <a href=\"https://laohu8.com/S/AMZN\">Amazon</a> Braket, Microsoft Azure <a href=\"https://laohu8.com/S/QMCO\">Quantum</a> and qBraid,” said <strong>Dr. Subodh Kulkarni,</strong> Rigetti CEO.</p>\n<p>“We believe Cepheus-1-108Q is one of the most powerful generally available gate-based quantum computers in the world, and as the largest modular system on the market today, it is an important validation of our chiplet-based architecture in a production setting,” Dr. Kulkarni added. </p>\n<div>\n<p>\n<strong>\nRead Also:\n\nElon Musk Joins Trump's China Trip — <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> CEO Jensen Huang Not Invited\n</strong>\n</p>\n</div>\n<p><strong>RGTI Stock Price:</strong> According to data from Benzinga Pro, Rigetti stock was down 1.95% to $20.11 in Monday's extended trading.  </p>\n<p><em>Photo: Shutterstock</em></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RGTX","symbol_name":"2倍做多RGTI ETF-Defiance","start_time":0,"source_url":"https://www.benzinga.com/markets/earnings/26/05/52469555/rigetti-stock-slips-after-posting-q1-results-details","article_id":"2634237027","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2634237027","pubTimestamp":1778531053,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"Here&#39;s a detailed look inside the Q1 earnings report from quantum company Rigetti Computing.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"RGTX":"2倍做多RGTI ETF-Defiance","BK4141":"半导体产品","RGTZ":"2倍做空RGTI ETF-Defiance","BK4602":"量子计算概念","RGTU":"2倍做多RGTI ETF-Tradr","RGYY":"GraniteShares YieldBoost RGTI ETF","RGTI":"Rigetti Computing"},"translate_title":"Rigetti股价在公布第一季度业绩后下跌：详情","themeId":"11c8fbbf839f433c9d274cef5f173382","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RGYY":0.6,"RGTI":1,"RGTX":0.6,"RGTU":0.6,"RGTZ":0.6},"content_text":"Rigetti Computing Inc. (NASDAQ:RGTI) stock pulled back after the quantum company posted its first-quarter results after Monday’s closing bell. Here's a look at the details inside the report. \n\nRGTI stock is moving. Watch the price action here.\n\nRigetti Q1 Details       \nRigetti reported quarterly losses of four cents per share, which met the consensus estimate, according to Benzinga Pro data. \nQuarterly revenue came in at $4.4 million, which beat the analyst consensus estimate of $3.97 million by 10.86%.\nNon-GAAP net loss was $14.7 million for the quarter. \n“In the first quarter, we continued to execute on our strategy by bringing our 108-qubit Cepheus-1-108Q system into general availability on Rigetti QCS, Amazon Braket, Microsoft Azure Quantum and qBraid,” said Dr. Subodh Kulkarni, Rigetti CEO.\n“We believe Cepheus-1-108Q is one of the most powerful generally available gate-based quantum computers in the world, and as the largest modular system on the market today, it is an important validation of our chiplet-based architecture in a production setting,” Dr. Kulkarni added. \n\n\n\nRead Also:\n\nElon Musk Joins Trump's China Trip — Nvidia CEO Jensen Huang Not Invited\n\n\n\nRGTI Stock Price: According to data from Benzinga Pro, Rigetti stock was down 1.95% to $20.11 in Monday's extended trading.  \nPhoto: Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"dataReport,express","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}