Rigetti Computing, Inc. — Form 8-K Summary
Business context and reporting period
Rigetti Computing, Inc. filed a Form 8-K dated March 27, 2023, reporting the release of financial results for the three months and year ended December 31, 2022. The filing also furnished an investor presentation under Regulation FD.
The filing concerns a quantum-computing company headquartered in Berkeley, California. Rigetti’s common stock and warrants trade on the Nasdaq Capital Market under the symbols RGTI and RGTIW, respectively.
Financial results and key metrics
The filing states that a press release announcing fourth-quarter and full-year 2022 results was furnished as Exhibit 99.1. The text provided does not include the press release or a clear value for revenue, net income or loss, cash flow, margins, debt, cash, liquidity, or other financial metrics.
Material changes versus the prior comparable period
The filing text does not provide sufficient financial detail to identify changes versus the prior quarter or prior year.
Guidance, outlook, risks, and unusual items
An investor presentation dated March 2023 was furnished as Exhibit 99.2 and may be used in presentations to investors and others. The contents of that presentation, including any guidance, outlook, operating targets, risks, contingencies, or unusual items, are not included in the provided filing text.
Items 2.02 and 7.01, including the related exhibits, were furnished rather than filed for purposes of Section 18 of the Exchange Act and generally are not incorporated by reference into other filings except where expressly specified.
Investor verification checklist
- Review Exhibit 99.1 for revenue, operating expenses, net loss, adjusted EBITDA or other non-GAAP measures, cash flow, cash balance, and liquidity.
- Compare fourth-quarter and full-year 2022 results with the corresponding 2021 periods.
- Review Exhibit 99.2 for management guidance, quantum-computing development milestones, customer or contract information, and financing plans.
- Verify debt, capital requirements, cash runway, dilution risks, and any going-concern or contingency disclosures in the underlying financial materials.
- Confirm the filing status and limitations applicable to the furnished exhibits before relying on them in another SEC filing.