Rigetti Computing Full Year 2023 Earnings: Beats Expectations
Rigetti Computing (NASDAQ:RGTI) Full Year 2023 Results
Key Financial Results
Revenue: US$12.0m (down 8.3% from FY 2022).
Net loss: US$75.1m (loss widened by 5.0% from FY 2022).
US$0.57 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Rigetti Computing Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 7.6%.
Looking ahead, revenue is forecast to grow 45% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in the US.
Performance of the American Semiconductor industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Before you take the next step you should know about the 3 warning signs for Rigetti Computing that we have uncovered.
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