Last 7 days
-26.5%
Last 30 days
-48.1%
Last 90 days
-40.2%
Income Statement (Last 12 Months) | ||||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 |
Revenue | -1.3% | 8,420,306 | 8,535,306 | 7,941,306 | 8,196,306 | 9,092,000 |
Gross Profit | -8.2% | 6,638,667 | 7,232,000 | 7,117,333 | 7,646,667 | - |
Operating Expenses | 33.1% | 116,444,000 | 87,497,333 | 65,940,000 | 43,013,333 | - |
S&GA Expenses | 17.0% | 8,088,921 | 6,910,921 | 6,067,921 | 4,904,921 | 2,317,333 |
R&D Expenses | 28.9% | 58,718,667 | 45,544,000 | 38,542,667 | 29,218,667 | - |
EBITDA | -72.0% | -54,272,000 | -31,545,333 | -33,302,000 | - | - |
EBITDA Margin | -74.4% | -6.45 | -3.70 | -4.57 | - | - |
Earnings Before Taxes | -22.7% | -64,865,333 | -52,866,666 | -49,962,666 | -36,822,666 | - |
EBT Margin | -63.3% | -7.70 | -4.72 | -5.64 | - | - |
Interest Expenses | 36.9% | 4,192,000 | 3,062,667 | 2,498,667 | 1,436,000 | - |
Net Income | -25.6% | -44,202,100 | -35,203,100 | -33,025,100 | -23,170,100 | -36,822,666 |
Net Income Margin | -295.4% | -5.25 | -1.33 | -4.46 | - | - |
Free Cahsflow | -0.5% | -52,631,308 | -52,389,850 | -26,390,405 | - | - |
Balance Sheet | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 |
Assets | -7.0% | 213 | 229 | 246 | 46.00 | 346 |
Current Assets | -11.8% | 170 | 192 | 215 | 18.00 | 1.00 |
Cash Equivalents | -59.9% | 74.00 | 184 | 207 | 12.00 | 1.00 |
Net PPE | 22.4% | 37.00 | 31.00 | 24.00 | 22.00 | - |
Goodwill | 0% | 5.00 | 5.00 | 5.00 | 5.00 | - |
Liabilities | -20.0% | 47.00 | 58.00 | 82.00 | 36.00 | 24.00 |
Current Liabilities | 26.7% | 16.00 | 13.00 | 13.00 | 8.00 | 1.00 |
Long Term Debt | 0% | 32.00 | 32.00 | 32.00 | 27.00 | - |
Shareholder's Equity | -2.5% | 166 | 170 | 164 | -71.53 | -57.94 |
Retained Earnings | -7.9% | -255 | -237 | -224 | -207 | -22.25 |
Additional Paid-In Capital | 3.7% | 422 | 407 | 389 | 136 | - |
Shares Outstanding | 4.8% | 123 | 117 | 114 | 18.00 | 23.00 |
Cashflow (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 |
Cashflow From Operations | -22.6% | -26.91 | -21.95 | -10.89 | -0.96 | -30.05 |
Share Based Compensation | 63.4% | 50.00 | 31.00 | 17.00 | 2.00 | - |
Cashflow From Investing | -26.7% | -445 | -351 | -346 | -345 | -7.72 |
Cashflow From Financing | -0.1% | 543 | 544 | 548 | 346 | 27.00 |
92.3%
92.3%
92.3%
Y-axis is the maximum loss one would have experienced if Rigetti Computing was unfortunately bought at previous high price.
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-03-06 | OLD MISSION CAPITAL LLC | new | - | 889 | 889 | -% |
2023-02-15 | JANE STREET GROUP, LLC | sold off | -100 | -65,000 | - | -% |
2023-02-15 | ASHFORD CAPITAL MANAGEMENT INC | reduced | -25.00 | -770,023 | 356,977 | 0.06% |
2023-02-15 | JANE STREET GROUP, LLC | added | 2.78 | -6,743 | 4,257 | -% |
2023-02-15 | Vestcor Inc | unchanged | - | - | - | -% |
2023-02-15 | SALEM INVESTMENT COUNSELORS INC | unchanged | - | -453 | 547 | -% |
2023-02-15 | CAPTRUST FINANCIAL ADVISORS | sold off | -100 | -2,000 | - | -% |
2023-02-15 | ALLIANCEBERNSTEIN L.P. | added | 29.73 | -24,499 | 24,501 | -% |
2023-02-15 | Virtu Financial LLC | new | - | 1,000 | 1,000 | -% |
2023-02-15 | Point72 Middle East FZE | new | - | 7,659 | 7,659 | -% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Feb 13, 2023 | beryl capital management llc | 0% | 0 | SC 13G/A | |
Feb 10, 2023 | millennium management llc | 0.2% | 218,803 | SC 13G/A | |
Jan 26, 2023 | rigetti chad | 5.0% | 6,144,379 | SC 13D/A | |
Jan 12, 2023 | rigetti chad | 5.6% | 6,901,448 | SC 13D/A | |
Sep 02, 2022 | supernova partners ii, llc | 0% | 0 | SC 13D/A | |
Aug 31, 2022 | rigetti chad | 6.5% | 8,139,269 | SC 13D/A | |
Aug 22, 2022 | rigetti chad | 7.1% | 8,733,050 | SC 13D/A |
Date Filed | Form Type | Document | |
---|---|---|---|
Feb 17, 2023 | 3 | Insider Trading | |
Feb 17, 2023 | 3 | Insider Trading | |
Feb 16, 2023 | 424B3 | Prospectus Filed | |
Feb 16, 2023 | 424B3 | Prospectus Filed | |
Feb 16, 2023 | 424B3 | Prospectus Filed | |
Feb 16, 2023 | 8-K/A | Current Report | |
Feb 13, 2023 | SC 13G/A | Major Ownership Report | |
Feb 10, 2023 | SC 13G/A | Major Ownership Report | |
Feb 10, 2023 | 8-K | Current Report | |
Feb 10, 2023 | 424B3 | Prospectus Filed |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-02-08 | Fitzgerald Alissa | acquired | 1,123 | 0.272 | 4,131 | - |
2023-02-08 | Fitzgerald Alissa | sold | -5,287 | 1.28 | -4,131 | - |
2023-02-06 | Fitzgerald Alissa | sold | -4,952 | 1.28 | -3,869 | - |
2023-02-06 | Fitzgerald Alissa | acquired | 1,052 | 0.272 | 3,869 | - |
2022-12-20 | Danis Richard | acquired | 51,499 | 0.272 | 189,337 | general counsel & corp. sec. |
2022-12-13 | Harburn Mike | sold | -5,803 | 0.97 | -5,983 | svp, fabrication ops. hardware |
2022-12-13 | Sereda Brian J | sold | -8,557 | 0.97 | -8,822 | chief financial officer |
2022-12-13 | Rigetti Chad | sold | -128,320 | 0.97 | -132,289 | - |
2022-12-13 | Danis Richard | sold | -7,029 | 0.97 | -7,247 | general counsel & corp. sec. |
2022-12-12 | Rigetti Chad | sold | -99,211 | 0.97 | -102,280 | - |
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |||||||
Revenue | $ 2,134 | $ 1,540 | $ 4,238 | $ 3,900 | ||||||
Cost of revenue | 873 | 365 | 1,287 | 637 | ||||||
Total gross profit | 1,261 | 1,175 | 2,951 | 3,263 | ||||||
Operating expenses: | ||||||||||
Research and development | 12,747 | 7,496 | 26,673 | 14,431 | ||||||
General and administrative | 12,785 | 2,711 | 24,345 | 5,232 | ||||||
Sales and marketing | 1,487 | 644 | 2,963 | 957 | ||||||
Total operating expenses | 27,019 | 10,851 | 53,981 | 20,620 | ||||||
Loss from operations | (25,758) | (9,676) | (51,030) | (17,357) | ||||||
Other (expense) income, net: | ||||||||||
Interest expense, net of interest income | (1,040) | (405) | (2,244) | (481) | ||||||
Change in fair value of derivative warrant liabilities | 7,980 | 0 | 11,750 | [1] | 0 | |||||
Change in fair value of earn-out liability | 6,566 | 0 | 12,557 | [1] | 0 | |||||
Transaction costs | 0 | 0 | (927) | 0 | ||||||
Other income (expense) | 0 | 7 | 0 | (23) | ||||||
Total other income (expense), net | 13,506 | (398) | 21,136 | (504) | ||||||
Net loss before provision for income taxes | (12,252) | (10,074) | (29,894) | (17,861) | ||||||
Provision for income taxes | 0 | 0 | 0 | 0 | ||||||
Net loss | $ (12,252) | [1] | $ (10,074) | $ (29,894) | [1] | $ (17,861) | ||||
Weighted average shares used in computing net loss per share attributable to common stockholders – basic | [2] | 114,096,390 | [1] | 21,977,123 | 84,060,966 | [1] | 21,912,665 | |||
Weighted average shares used in computing net loss per share attributable to common stockholders – diluted | [2] | 114,096,390 | [1] | 21,977,123 | 84,060,966 | [1] | 21,912,665 | |||
Net loss per share attribute to common stockholders - basic | $ (0.11) | $ (0.46) | $ (0.36) | $ (0.82) | ||||||
Net loss per share attribute to common stockholders - diluted | $ (0.11) | $ (0.46) | $ (0.36) | $ (0.82) | ||||||
|
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 | ||||
---|---|---|---|---|---|---|
Current assets: | ||||||
Cash | $ 184,020 | $ 11,729 | ||||
Accounts receivable | 2,572 | 1,543 | ||||
Prepaid expenses and other current assets | 4,248 | 1,351 | ||||
Forward contract - assets | 1,543 | 0 | ||||
Deferred offering costs | 0 | 3,449 | ||||
Total current assets | 192,383 | 18,072 | ||||
Property and equipment, net | 30,583 | 22,497 | ||||
Restricted cash | 117 | 317 | ||||
Other assets | 130 | 165 | ||||
Goodwill | 5,377 | 5,377 | ||||
Total assets | 228,590 | 46,428 | ||||
Current liabilities: | ||||||
Accounts payable | 1,517 | 1,971 | ||||
Accrued expenses and other current liabilities | 6,018 | 3,806 | ||||
Deferred revenue | 1,108 | 985 | ||||
Debt - current portion | 4,226 | 575 | ||||
Forward contract - liabilities | 0 | 230 | ||||
Total current liabilities | 12,869 | 7,567 | ||||
Debt - net of current portion | 25,201 | 24,216 | ||||
Derivative warrant liabilities | 12,148 | 4,355 | ||||
Earn-out liabilities | 7,856 | 0 | ||||
Other liabilities | 416 | 295 | ||||
Total Liabilities | 58,490 | 36,433 | ||||
Commitments and contingencies (Note 5) | ||||||
Stockholders' (deficit) equity: | ||||||
Preferred Stock, par value $0.0001 per share; 10,000,000 shares and 0 shares authorized at June 30, 2022 and December 31, 2021, respectively; 0 shares and 0 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively | 0 | 0 | ||||
Common stock (2), par value $0.0001 per share; 1,000,000,000 shares and 134,050,472 shares authorized at June 30, 2022 and December 31, 2021, respectively; 117,102,735 shares and 18,221,069 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively | [1] | 11 | 2 | |||
Additional paid-in capital | 407,015 | 135,549 | ||||
Accumulated deficit | (237,025) | (207,131) | ||||
Accumulated other comprehensive gain | 99 | 52 | ||||
Total stockholders' equity (deficit) | [2] | 170,100 | (71,528) | |||
Total liabilities, redeemable convertible preferred stock and stockholders' equity (deficit) | 228,590 | 46,428 | ||||
Redeemable Convertible Preferred Stock [Member] | ||||||
Current liabilities: | ||||||
Redeemable convertible preferred stock (2), par value $0.0001 per share; 0 shares and 80,974,757 shares authorized at June 30, 2022 and December 31, 2021, respectively; 0 shares and 77,696,679 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively | [1] | $ 0 | $ 81,523 | |||
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