Rigetti Computing Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Rigetti Computing (NASDAQ:RGTI) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$2.38m (down 23% from 3Q 2023).
• Net loss: US$14.8m (loss narrowed by 33% from 3Q 2023).
• US$0.079 loss per share (improved from US$0.17 loss in 3Q 2023).

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 30%. Earnings per share (EPS) exceeded analyst estimates by 14%.

Looking ahead, revenue is forecast to grow 55% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are up 42% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 4 warning signs for Rigetti Computing you should be aware of, and 1 of them is concerning.

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