Rigetti posted Q2 revenue of USD 5.1 million, more than doubled from a year earlier.
GAAP net loss widened to USD 52.6 million, or USD 0.16 a share, from a year-earlier loss of USD 39.7 million.
Operating loss widened to USD 28.1 million from USD 19.9 million.
Balance sheet
Cash, cash equivalents and available-for-sale investments totaled USD 541.3 million at June 30, with no debt.
Business updates
Business updates included a planned 9-qubit Novera system delivery to Pittsburgh Supercomputing Center’s TangleLab and a Commerce LOI for up to USD 100 million funding.
RGTI•
