I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2025 Q1, the actual value is USD 1.5 M.
EPS: As of FY2025 Q1, the actual value is USD 0.13.
Segment Revenue
- Total revenues for the three months ended March 31, 2025 were $1.5 million.
Operational Metrics
- Total operating expenses for the three months ended March 31, 2025 were $22.1 million.
- Operating loss for the three months ended March 31, 2025 was $21.6 million.
- Net income for the three months ended March 31, 2025 was $42.6 million, which includes $62.1 million of non-cash gains from the change in fair value of derivative warrant and earn-out liabilities.
Cash Flow
- As of March 31, 2025, cash, cash equivalents, and available-for-sale investments totaled $209.1 million.
- As of April 30, 2025, following the closing of the share purchase by Quanta Computer, Inc., cash, cash equivalents, and available-for-sale investments totaled $237.7 million.
Unique Metrics
- Rigetti was awarded important government-funded projects in the U.S. and U.K. to advance its technology, demonstrating leadership in superconducting quantum computing.
Outlook / Guidance
- Rigetti expects to advance its technology through government-funded projects, which will impact its operations and technology roadmap positively. The company anticipates further development of innovative approaches to scaling higher qubit count systems due to its open and modular system architecture and partnerships. Rigetti aims to achieve milestones in its Quantum Missions pilot competition projects, which are expected to lead to identifying key system components needed for scalable quantum error correction and creating an open-architecture quantum computing testbed.