Rigetti Releases Financial Highlights for First Nine Months of 2022

Rigetti Computing indicated that for the first nine months of 2021 ending October 31, 2021 they achieved $6.9 million in revenue with a net operating loss of ($26.2) million. The results showed a 68% increase in revenue and a 3% decrease in operating loss from the same period in 2020. It also compares favorably to a projection they provided in an Investor Presentation last October forecasting revenue of $7 million and an EBITDA of ($31) million for the full 12 months of 2021. Rigetti also recapped in their announcement a number of developments in the technical, industry collaboration, customer, customer application, and talent areas that we had previously reported on in these pages. Rigetti Computing previously announced plans merge with SPAC Supernova Partners Acquisition Company II to become a public company. We expect this trnsaction to be completed in early 2022. You can view Rigetti's full announcement of their business update and nine-month 2021 financial highlights in a news release that you can see here.

December 21, 2021