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Rigetti Computing (NASDAQ: RGTI) reported Q1 2025 revenue of $1.47 million, falling short of analyst expectations of $2.55 million and declining from $3.05 million in Q1 2024. However, earnings per share (EPS) of $0.13 exceeded the consensus estimate of a loss of $0.06 per share. The company highlighted key achievements, including securing government-funded projects such as DARPA’s Quantum Benchmarking Initiative and a $5.48 million award from the Air Force Office of Scientific Research. Rigetti also advanced its superconducting quantum computing technology and expanded its U.K. presence through Innovate U.K. Quantum Mission Pilot Awards. Additionally, Rigetti completed a $35 million investment from Quanta Computer. Despite these milestones, analysts expressed concerns over revenue shortfalls and cash burn risks, prompting Needham analyst N. Quinn Bolton to lower Rigetti’s price target from $17.00 to $15.00 while maintaining a "Buy" rating. Revenue estimates for 2025 and 2026 were revised downward to $6.8 million and $15.0 million, respectively. Rigetti reported $237.7 million in cash and investments as of April 30, 2025, but continues to face financial challenges, including a trailing twelve-month net loss of $200.99 million on $10.79 million in revenue. While Rigetti’s technological advancements and strategic partnerships underscore its commitment to quantum computing, financial headwinds remain a significant concern.
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About RGTI

Rigetti Computing Inc is engaged in the business of full-stack quantum computing. The company offers full-stack quantum computing platform as a cloud service to a wide range of end-users, directly through its Rigetti QCS platform, and also through ... Read more

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Bullish Option Strategy: Long Calls

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