Rigetti Computing, Inc. (RGTI) Q4 2024 Earnings Call Transcript

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Q4: 2025-03-05 Earnings Summary

EPS of -$0.06 beats by $0.00
 | Revenue of $2.27M (-32.62% Y/Y) misses by $226.00K

Rigetti Computing, Inc. (NASDAQ:RGTI) Q4 2024 Earnings Conference Call March 5, 2025 5:00 PM ET

Company Participants

Subodh Kulkarni - President and Chief Executive Officer
Jeffrey Bertelsen - Chief Financial Officer

Conference Call Participants

Craig Ellis - B. Riley
Shadi Mitwalli - Needham & Company
Steven Silverman - TD Cowen
Richard Shannon - Craig-Hallum
Brian Kinstlinger - Alliance Global Partners
David Williams - The Benchmark Company

Operator

Thank you for standing by, and welcome to Rigetti's Fourth Quarter and Full Year 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. [Operator Instructions]

I would now like to hand the call over to Subodh Kulkarni, President and CEO. Please go ahead.

Subodh Kulkarni

Good morning, and thank you for participating in Rigetti's earnings conference call covering the fourth quarter and year ended December 31 2024. Joining me today is Jeff Bertelsen, our CFO, who will review our results in some detail following my overview. We will be pleased to answer your questions at the conclusion of our remarks.

We would like to point out that, this call and Rigetti's fourth quarter and year ended December 31st 2024, press release contain forward-looking statements regarding current expectations, objectives, and underlying assumptions regarding our outlook and future operating results.

These forward-looking statements are subject to a number of risks and uncertainties, that could cause actual results to differ materially from those described and are discussed in more detail in our Form 10-K for the year ended December 31st 2023, our Form 10-Q for the three months and nine months ended September 30th, 2024, and other documents filed by the company from time-to-time with the Securities and Exchange Commission. These filings identify and address important risks and uncertainties, that could cause actual events and results to

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