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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 3.1M | 1.1% |
Gross Profit | 2M | 32.7% |
Cost of Revenue | 1.1M | 29.4% |
Operating expense | 18M | 0.1% |
Net Income | -12M | 40.2% |
EBITDA | -15M | 1.8% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 162M | 0.2% |
Total Liabilities | 40M | 13.5% |
Total Equity | 122M | 5.7% |
Shares Outstanding | 180M | 8.6% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | -14M | 2.9% |
Cash from investing | -13M | 313.1% |
Cash from financing | 12M | 40.2% |
EPS
Financial Highlights for Rigetti Computing in Q2 '24
Rigetti Computing reported a revenue of 3.1M, which is a 1.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 2M, marking a 32.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.1M, a -29.4% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 18M, showing a -0.1% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -12M, showing a 40.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -15M, showing a 1.8% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Rigetti Computing with growth in revenue, gross profit, and net income.