In This Article:
Rigetti Computing (NASDAQ:RGTI) First Quarter 2023 Results
Key Financial Results
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Revenue: US$2.20m (up 4.6% from 1Q 2022).
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Net loss: US$23.4m (loss widened by 32% from 1Q 2022).
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US$0.19 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Rigetti Computing EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 46%. Earnings per share (EPS) exceeded analyst estimates by 9.9%.
Looking ahead, revenue is forecast to grow 44% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in the US.
Performance of the American Semiconductor industry.
The company's shares are up 13% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 5 warning signs for Rigetti Computing (2 shouldn't be ignored!) that you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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