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Rigetti Computing reported its Q2 2024 financial results. The results reflect a company that continues to grapple with the challenges of operating within the nascent quantum computing industry, where we must balance the promise of future breakthroughs against current financial realities. By the Numbers: 🔹 Revenue: $3.1 million for Q2 2024, down from $3.3 million in Q2 2023. Total Operating Expenses: $18.1 million for Q2 2024, down from $19.0 million in Q2 2023. 🔹 Net Loss: $12.4 million for Q2 2024, compared to $16.9 million in Q2 2023. 🔹 Cash and Cash Equivalents: $100.5 million as of June 30, 2024. Learn more in this research note by Dr. Bob Sutor from The Futurum Group at the link below 💡 #TheFuturumGroup

Rigetti Computing Reports Second Quarter 2024 Financial Results

Rigetti Computing Reports Second Quarter 2024 Financial Results

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