Rigetti Computing: Pioneer of Superconducting Qubits! Notable Revenues Still Awaited

Rigetti develops quantum computers to solve problems that traditional computers struggle with. The company also recently reported advancements in its technical capabilities, including the successful demonstration of optical control of a superconducting qubit. Rigetti Computing reported a adjusted earnings per share of 13 cents for the first quarter of the fiscal year. However, the revenue for the quarter stood at $1.47 million, significantly below the consensus estimate of $2.82 million. Rigetti (NASDAQ: RGTI) primarily focuses on scientific...