Rigetti Computing (NasdaqCM:RGTI) Sees 16% Share Price Decline In Last Month After US$153M Net Loss

Rigetti Computing (NasdaqCM:RGTI) recently announced its Q4 2024 earnings, revealing a sales decline to $2.27 million and a substantial rise in net loss to $153 million, impacting investor confidence. This financial backdrop may have contributed to Rigetti's share price decline of 16% over the last month, a period during which major indexes like the Nasdaq managed to reverse their multi-week losses. The company's private placement generating $35 million, while potentially reassuring in terms of liquidity, did not prevent the noticeable downward trend in its stock price amidst a broadly challenging economic landscape.

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Over the last year, Rigetti Computing's total shareholder return saw an impressive increase of 456.44%, significantly outperforming the US Semiconductor industry, which returned 8.4% over the same period. This substantial gain came while the broader market, including key indexes, achieved more moderate growth compared to Rigetti's exceptional performance.

During this time, Rigetti announced key developments that likely influenced its share performance. The launch of their 84-qubit Ankaa-3 system in December 2024 was a critical milestone, offering enhanced performance on quantum computing platforms. In the same year, Rigetti fully repaid a US$10.5 million loan, which may have strengthened investor sentiment regarding financial stability. Additionally, the company's private placement in February 2025, raising US$35 million, featured participation from Quanta Computer, potentially boosting confidence in Rigetti's growth prospects. Executive changes, such as Cathy McCarthy's decision to step down from the Board, also marked the company's evolving leadership landscape.

Examine Rigetti Computing's earnings growth report to understand how analysts expect it to perform.

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