Rigetti Computing (NASDAQ:RGTI) Full Year 2024 Results

Key Financial Results

• Revenue: US$10.8m (down 10% from FY 2023).
• Net loss: US$201.0m (loss widened by 168% from FY 2023).
• US$1.09 loss per share (further deteriorated from US$0.57 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Rigetti Computing Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 193%.

In the last 12 months, the only revenue segment was Internet Software & Services contributing US$10.8m. The most substantial expense, totaling US$132.5m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how RGTI's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in the US.

The company's shares are up 6.0% from a week ago.

Risk Analysis

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.