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Business
Chris Markoch

Rigetti’s Q3 Miss Reveals Quantum Funding and Timing Pressures

Rigetti DARPA RGTI Subodh Kulkarni MarketBeat

Rigetti Computing Inc. (NASDAQ: RGTI) had high expectations for its third-quarter earnings report. Unfortunately, the results didn’t meet expectations, and RGTI stock has declined by over 5% since the report.

The company reported revenue of $1.95 million, which fell short of expectations of $2.17 million and decreased 18.1% year-over-year. On a more positive note, the company’s quarterly loss of three cents per share was better than the forecasted loss of five cents per share.

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