Earnings call transcript Q4 2022

Due to licensing restrictions, you must log in to view earnings call transcripts.

Operator

Thank you for standing by, and welcome to the Rigetti Computing Fourth Quarter and Full Year 2022 Financial Results Conference Call. At this time, all participants in a listen-only mode. After the speakers' presentations there'll be a question-and-answer session. [Operator Instructions] As a reminder, today's call is being recorded.

I will now turn the conference to the host Dr. CEO. and President Kulkarni, Subodh Please go ahead.

Subodh Kulkarni

Good Thank participating and thank for and Rigetti's you, full earnings XXXX. quarter Valerie. in fourth conference you the afternoon, call year covering

review Jeff overview. my CFO, today detail Bertelsen, me in some is who Joining will our results following our

Rivas, CTO, Q&A David participate the also is Our to here in session.

to pleased answer the be questions will at of conclusion We your our remarks.

release for assumptions are expectations, and point discussed and XXXX, with future Form These Rigetti's and December urge these the our year-end number actual those discussions and press differ XX, cause We ended and objectives and of call, QX subsequent nine our current results XX-K of could regarding to ended underlying Exchange this would materially filings from review Commission. in SEC, contain XXXX, September out months like factors. for and operating more and detail statements including that XX-Q described forward-looking XX, with risk other regarding Form three subject the filings year to outlook statements risks our and forward-looking to you to Securities that and the in results. uncertainties the are We a our

the Sciences. CEO starting fab, Engineering. the with Chemical PhD Computational industry, business after and the opportunity Turning served now on MIT myself ahead about and been with I Master's sharing us of quarter an a I words Rigetti like XXXX, Research of my at the My to of to fourth has years Later, would Prism semiconductor few XX-plus past by thoughts for career start and as leading completing and IBM now. the within my IBM for in

in cap years, of of I've November by the company XXXX. Corporation Nordson been semi CEO For was successfully past acquired that a CyberOptics, nine

of is both quantum semiconductor computing the ones world. zeros the basically are mathematically While heart doing supporting the a said, being the is quantum the on same semiconductors brand used the It in way a are way quantum fundamental a technical than work is world, that done. new and The currently of in of interactions device. of the is powerful is that and new more the states. That centers principles computing

found In here technically be team at to time my Rigetti, impressive. I passionate, the and very

Our mission is pressing most computers and humanity's important problems. to powerful build help the to world's most solve

You the be is where been chances get has opportunity, that been processed It can XX of this full of these kinds problems way often. potentially information has solved. and there about since years type in change a don't paradigm there

is design, Aspen Median a the speeds system leap today's MX Ankaa-X internal superior showing our At internally lattice Aspen and improved focused already chip, Fidelity, XX-qubit newest chip gauge our demonstrates performance analysis, for This roadmap and architectural based compared our system. Rigetti, chip, initial forward our energy tunable development is on XX-qubit known qubit generation now as architecture new of to its testing. fidelity. is performance which with The compared generation and faster deployed square MX couplers, to next relates with in and X-Q prior on

in for is on work design anticipate over improved deployed and months, expected performance anticipated reach Ankaa-X Fidelity of to X-Q to with to to implemented continue We'll XXXX. be it QX a XX% with improve the goal next making few Median available further mid-XXXX. customers performance Ankaa-X and in select

chips tiling X-Q four Ankaa-X to which Ankaa move expect Fidelity Assuming to we to Median three we reach we reach XXX-qubit Lyra currently the enable XXXX, in system. XX%, to plan of

and quantum step Rigetti exciting We significantly is expect this scale greater to bring milestone closer vastly and enable key advantage. to to a

arranged doing is taking qubits in with a certain cell building and out What of number that of a we are die a single lattice.

those of dies more taking are them and or together. connecting We one

yet on the it. critical we us other some scale X-qubits been It's industry and doing, thing in what language other. which is with to each we have most larger This each other the larger dies of to photons have different the of in with entangling have of building electrons rest each non-trivial the entangling to dies. across doing to and those So do, They there to you have business the those is are superconducting done in a entire of near of on issue wafers. ability communicate entangle quantum and and out dies what have the gets have past, happen with It's neighbor mechanics.

outlined, continue fidelity, in previously important on improving time. speed metrics, coherence and and will Ankaa in XXXX, we gate and also other primarily focus to As XXXX performance, including

to We continue cost will make with software three in stack. be significantly quantum demonstrate progress and we two with to able our we performance believe over computing to good narrow advantage Additionally, classical years. superior

X-Q Notably, in on Fidelity of existence XX.X% principle, Median we already qubits. a believe the have we few with our demonstrated lab

working median important now of bringing as averages the We believe the they quantum computing factor industry. optimal technical is to are into entire we XX-cubits. And superconducting users challenge for Rigetti's their our all advantage for level is for on solutions. that a step This approach

deeper commercialization successful of our agenda. within plan anticipated the move Lyra, Following initiatives we introduction to then strategic to

the small right small using as refrigerators. And a we so high. now, and number number terms dilution of do cost, to making the we relatively believe of high has potential of doing be a chips well. so are cost But the of remains and reward to In production

XXXX on to quantum I of achieving want turn goal narrow moving company and be financial results, our we towards our advantage. clear priority our be to technology, that for the Before at will

organization them help point XXXX, contributions quarter our the our have and and of preserve they We resources. we we value in the workforce this cash first all employees, in such, for time. reach to work reduced our done tremendous Rigetti As of to important the focus thank

years at We've CyberOptics, where nine Jeff for new I CFO, also and brought CFO on as together Jeff have he and a served COO. Bertelsen. worked

Rivas been overseeing to at the and by Additionally, cloud leader David Nokia to is Prior Rigetti, we operations platform. are to such has he to CTO. role technical quantum a executive Sun Microsystems. his technical who Prior him engineering David promoting services and expanding CTO, companies of roles at held Rigetti Rigetti's as David to XXXX. in joined pleased recognize

turn And over with that, our who performance. the to Jeff, full I'll XXXX call and year will quarter review fourth

Jeff Bertelsen

Subodh. fourth government with in agencies. stage at be Thanks, the XXXX of $X.X given to of compared were period the this Revenues the is same $X.X company's million in expected contract major Revenue the in variability quarter timing to XXXX. evolution of nature million,

to recognition of technical deliverables. consist also the timing development primarily with Our contracts according of revenue milestone-based work varying

quarter the XX% at XXXX. in variable was XX% fourth the same of the recognition, and in XXXX in our of contracts. driven by the The margins increase in came nature of mainly revenue timing margin Gross year-over-year gross versus in period customer

million On the to prior XXXX to the goodwill million, charge, $XX.X period, in mainly $X.X development, The our impairment of research to higher year. the total related and $XX as investment as quarter public company. fourth was year-over-year being the expense a compared side, due in million in same OpEx costs was increase well

of of $X.X The the a and stock fourth expense of the quarter in $XXX,XXX $X.X fourth totaled quarter gain XXXX. compared to was XXXX XXXX, $X.X and fair value change the depreciation $XXX,XXX fourth gain fourth through G&A amortization of In compensation the to compared million, expense in of totaled the and a recorded expense $XXX,XXX in million, million of warrant Ampere of in quarter XXXX. the quarter

of $XX.X period Operating loss same totaled $XX.X equivalents available of XX, $XXX.X loss or million, share, million of XXXX, million XXXX. $XX.X sale was investments $XX.X an with for million quarter operating million XXXX. was $X.XX of net for to loss of of the per the period for share December loss as a fourth of fourth same Cash, the XXXX. the quarter XXXX to per million, compared compared for $XX.X or XX, XXXX $X.XX compared cash as of Net and for December

As XXXX, effective XX, January from changed XXXX. disclosed, December year-end in to previously XX October we December XX our

months per ending share. loss XX, million, For December revenues net $XX.X million, $XX.X XXXX, or the total was $X.XX and XX the were

ending for months was million. million, the per XXXX, the $X.XX For were XX, revenues loss net total million XXXX XX or share. $XX.X December CapEx year was $XX.X and $X.X Full

between reduction technology million, $XX million approved primarily equivalents million XXXX, payments updated XXXX. expect the and workforce February incur restructuring to for business of eliminated $XX Board charges In with revised cash, Directors for severance $X.X having XXXX, to respect In for the to temporary employees roadmap. and anticipate company's positions. end strategy with approximately healthcare investments sale available and of in of align a of the first we the quarter at and of coverage cash We

stage and research toward additional our raise current that or objectives business that our continue goal development, our based our will late-XXXX current our this are of fueling At development to achieve our technology to to milestones we anticipate early we of efforts our key on time, funding we business XXXX by plans. advantage. believe and achieving roadmap quantum achieving At and executing need

view Our on meeting remain objectives. we aligned this with and focused is financial strategy our

be happy We your answer questions. you. to Thank would now

Operator

Thank question Ho of Bank. from first you. Deutsche line comes [Operator Instructions] Our the Sidney of

open. is line Your

Unidentified Analyst

hear guys me? Good Can afternoon. you

Subodh Kulkarni

Yes, we can.

Unidentified Analyst

taking count. qubit you when guys. I improving you you qubits rates more focus increasing my the on plan my technological the laid there's But that guess do afternoon, lot we thank I of roadmap. how number at the question moving order higher out, versus is And question. guess to question on to balance maintain for competitiveness? fidelities a look good clearly for first Subodh, our Sydney. focus is, And lowering error on technology This is Hi, new before [indiscernible] guys in

Subodh Kulkarni

good of of if will, system. we put the our term the have XXXX, question, taken being. MX long-term. know important, question. number together, tied together, our we decided time in were, mean XXX-qubit get qubits -- and Certainly, to for chips that XXXX, that we was fidelity by thanks where short even already But a qubits, XX-qubit, if the you the you are quality and and we them will, Aspen them It's and that part of shortcoming, We both for total that

up how know of different that you across stitching to X-Q fundamentally taking need what more scale than XX% if fidelity qubits. we And and done we all two But the we demonstrate yet. to haven't them together, will. dies So is

XX.X% but X-Q we get few on in have -- we on fidelity a shown I lattice. qubits, We in not the that as entire have mentioned, can principle

across And of this critical, Rigetti a right in industry. The quality whole just now statement. not my is qubits opinion is the

quantum need us get All near before you experts quality perfect said also we of many advantage of are certainly if even a power, XX good improve can could XX you that, in or answers have to just very with There computational in we who at narrow qubits. applications. type of fidelity, and lot can qubits the up think question. get XX-qubits, industry number qubit, your of some demonstrate we the that qubits, Hope the with go

Unidentified Analyst

should clear. And in Got on of it. you partnerships cutting and when expect is year, we for much. at any the announced my measures, very any announced guess you technology your guess, I new these question with sort last Thank or your I that then second measures Ampere so to That's contracts? industry one the look roadmap, impact of earlier these we that DARPA you cost February. example,

Subodh Kulkarni

several with good you Ampere partnerships on, question. we the that have working one mentioned. already Again, including are We that

DoE and well. several as partnerships labs with have We DoD

to more partners sense. makes and seek We will engaged with be our that continue partners

roadmap. We and have laid out our defined

we partnerships the to current as and roadmaps, very with the would staying So are ones. seeking consistent partners be be with the new long happy

feel If partnerships us about the today, will good of them we direction, taking our quantum in and advantage very we us actions. have take choose two the different as But to partnerships years. accomplish in a different the we next in place, of three objective narrow are helping to

Unidentified Analyst

Got it.

and last of I budgets, one still you. you're the that IT are the instead makes touch in, Thank you like to [ph]? if guess, quantum seeing could I adopt one customers tighter among guess level engagement on customers And at states sort of if of given the technology sense. Okay, I willing systems the can sort explore that meaning of your squeeze

Subodh Kulkarni

Sure.

using So AWS, stage I of that, question. customers, we cloud certainly we again, computing. Azure research said lot well the including platform. still much of are interest very from who as are certainly and see quantum in the our good Having mean, as a our ones own

research some a interest really from is a will level respect the customers purposes. for for use QPU now to our right computation. any application, to So commercial to QPU, where to not It's they classical benefit our try with see

this will are we kinds next high that increase, later to more fidelity only where more engagement up I the with and and and customer very they of certainly XX% to then awareness as seeing year, able high those get are be we XX%, So very interest will we QPUs. where we year and to of are anticipate because our do continue going.

but expect customer it's increase. now, high, to research primarily engagement So for I said, purposes. Right as

Unidentified Analyst

Thanks, guys.

Subodh Kulkarni

Thank you.

Operator

moment, Thank please. you. One

comes question from David line Company. of next Our Benchmark of Williams the

line Your is open.

David Williams

and Hey, thanks taking good the afternoon, question. for

even to that just gives spoke touch today and changed a last, curious just anything the I was briefly, like very there's confident, before, of I'm when advanced more you from that's of with think some timelines like kind chance but comfort? a maybe just if the Is I I had had -- you're spoken that you does it and I felt you about want think Subodh, we the it Because So kind of that lot more technology? it are. that you've roadmap feel but that I more in talking solid, little feels about where you more it because time feel now. that's just a

kind just very of helpful. any there So would color be

Subodh Kulkarni

question. for the done we exactly we brand we a do. Ankaa-X significantly of is our has than a thing we are my In as faster deployment which internal of confidence not the have square what certainly Certainly. tunable mean, gauge our Ankaa-X ago, confidence month that significantly One here When more month chip, that. X-Q successfully Thanks as it it And couplers. seeing and boosted architecture deployed of better chip. team's last FIDELITY, the to and a lattice March, our speeds. I we had talked expected MEDIAN is new well is David, doing

and in challenges architecture some boosted of-the-gate, our that continue areas, we fact want is on right have answers our fidelity the first has Hopefully out work confidence. brand us from exactly where obviously are. gauge direction planned, as the question. to and still improve we speeds certainly We left to working in and to that new team's But other your and getting my metrics

David Williams

the employee That's you within And your Thanks I philosophy made touch you the clearly morale, that. But been given think so and some color. maybe great could then the be I structural just very about roadmap? just just for on structural thinking have to think have changes, philosophy, great maybe in hear much it'd spend. the on made kind you're years? these how just if And of then the some four changes that

Subodh Kulkarni

you question. is employees The as does technical imagine. morale Yeah, of our performance again just employee employees. good tie the reported, with is are internally I seeing technical that of performance all which Ankaa-X them are Most can And deployed.

visible That goal our Fidelities are and gates, because X-Q Aspen that. more and our We better all employees, system and Median faster and see employees see the getting closer they certainly now. getting excites is

As that we continue continue improve. to improve to will fidelity only

XX-qubit because Once chip. tiling chips right what with to focus Ankaa-X on this we We we ability pretty them us scale, Fidelity and communicate about good of tile now, Lyra and roadmap, Median to chips our improve exactly four each XX% then year. once is I want next question to simply XX-qubit to We about done get Ankaa to chip stay fidelity. at X-Q to want our get the sometime there, system, involved already put, our year, that with have get by end making to across continue feel stated, we your XX% Regarding we in other. fidelity as to know the get and XXX-qubit

XX-qubit obviously to chip. with So we have that our repeat

time chip losing fidelity we four But get performance. on to once our that and challenge, tile without that is can through XXX the take XX-qubit right think into we that XX%, to we any

So roadmap deployed have simply already internally. is, Ankaa-X we

XXX-qubit. fidelity the get Ankaa XX% to roadmap next Lyra XX% to end by this it tile is Now to continue and the year, of four improve to to sometime year, get the then

we'll stack. parallel, In to our continue software develop

overall some to to as better two that I obviously, next potential quantum in kind in to computers classical narrow goal with cost in And can have or compared which statement is QPUs, what of advantage, is work three continue show my the We benefits to demonstrate see one already significantly published more area. the said to we'll papers performance years.

the get goal the is that two in to now overriding So right is next NQA three to years.

David Williams

a expect to guess great cash the Really just for And given you on of taking But given place? you your side, of for just you've restructurings maybe one target trends, be of balance Jeff, thanks should about thinking we color. how can where you the some about there. how OpEx clarity and I last kind And think us one if that OpEx kind already the be. give

Jeff Bertelsen

Yeah, And going question. year-end and effort. impacting on some mainly we're there our mean, you wherever we roadmap Obviously, year-end to management I without certainly those balance XX to I terms the year, that mainly focus technology possible certainly our mean, range our think know, on people, intend in also we're our great really and sure, guidance, we balance. be plans. from I be this focused we number, But expenses restructuring expense the there'll gave savings focused reduced be by today. terms to forward-looking headcount in on of forward-looking I'm of cash when cash reduce try as

David Williams

the very best Okay, And of again. quarter. Thanks it. luck helpful. Certainly on appreciate

Subodh Kulkarni

David. you, Thank

Operator

moment, Thank you. One please.

comes Needham & question line of from next with Bolton the Company. Our Quinn

line is Your open.

Quinn Bolton

be quarter to XXXX could contracts? previously does milestone balance. revenue, that of going signings I it's the change lumpy us know, any I XXXX? year-ending just in guess, milestones grow fourth any change give on Jeff, guess, with But could you sense, sort signed strategy, managing to Hey, the achievements. on that in around of cash that and do guys. in you I touched think revenue. But contract you Congratulations the sort of

change and And to what be $XX million then keep CapEx year, us would on said, CapEx thoughts be sense, also and to in helpful? might in $XX is understanding that you XXXX. have might the at may million your $XX.X the for try year, CapEx, going plan But I give you you're the think cash ending some that Can balance things initial to through any million? you

Jeff Bertelsen

At know I one don't significantly the at on our way did will Subodh today Sure. it, in other. our where time, we're that, technology that I given mean, is cash. again same and on evolution focus on touch roadmap. the revenue partnerships. or of know we're an change with don't it's structurally as source our and anything I of Obviously, focused important the

to we'll continue wherever try to and that keep possible. So grow eyes on it

In a CapEx us $XX.X fab key is in operation. our year. we CapEx, of terms million did with certainly invest last CapEx for

Just the focus given that CapEx. cash, would we see did to we in some and the on restructuring reduction expect

we're -- guidance I fair. expect going focus with a we put that's think people, fewer think specific put But see. But perspective. having to to number that's directionally not what on cash, our haven't I from it general, I'd a on in

Quinn Bolton

have or do $XX to as line? Got how just -- either to or extent much fluctuations million much the think in the it. -- guess some extent revenue really CapEx that OpEx to now prioritizing, does the how have see managing you revenue fidelities, you technology roadmap you do guess, $XX about the in I And flexibility you million gate that improving to to decline number I flexibility

Jeff Bertelsen

bandwidth $XX year, there's the million $XX have -- resources did cash for I in to $XX our certainly to Again, cover if we I forecast and mean, revenue. in think million fluctuation, did certainly we But is the certainly, it. so the million any revenue. for full we

goals definitely Subodh, this So don't anything? amply year. for I you know, think I we're right to our objectives if add derive funded would and now

Subodh Kulkarni

was it, Yeah. going to I some to Jeff. color add

I So get my Jeff existing the fidelity. our and Quinn, team performance, come labs, or is overriding partners, can we mean, consistent DoE sales our goals, those good pursue cash. revenues. as DoD long be that's I with But our very as we will more said, as we technical for technology obviously Jeff let's mentioned Obviously, on focus from will the statements, labs just -- said, like the that great the so in if overall will are revenues technical them. because And focus welcome my particularly

somebody we point. that which don't takes to us However, get technology want if instance, comes this and lab goals, other we say revenues from our will to revenues come research do some fidelities taking commercial DoE our partner really from the attached, so want contracts. us up. no us wants or the strings fidelity, are with to away chase away to are employing Because something from for all These those at We revenues. if

up we for we most and scale the there, can We long getting believe is tile fidelity term. are Once critical game We up. playing this the get then the thing. get

consistent are so important. we technology answers that overall as maximize yes, as revenues question. will obviously our much long as So possible, with are that And they Hope goal.

Quinn Bolton

Subodh. prioritize It think I just question makes guess of to rather does. a lot decision number to you, than greatest qubits. of a your sort no. just a fidelity And Obviously, build with for the gate of you. Yeah, improving Thank device sense, trying technology I

you that tile be and kind you able of together? do Ankaa for Just you focus you'll think these XXXX, to fidelity, XX% to devices as to as this my question year maintain start two-qubit XX% on improving in Ankaa qubit is gate fidelity

I'm know shown if I just be today tiles fidelity take that begin at Aspen, and fidelity to XX% would to because maintain that key think you the next the in devices trying to I levels. to lower place wondering Ankaa together, these was technology. internal scaling And tile as them obviously link higher two the XX%, any you've you've to together that ability done but work

Subodh Kulkarni

as without performance. losing Quinn. fidelity said, at tile how know question, we to chips Certainly, any XXX-qubit you Terrific lower

don't XX% on XX% type Ankaa able some basic the fidelity that of same scale we a that's which work at simulation fidelity, high kind because shows mostly chip have we a be do today. or Ankaa at with and have much We should done, work, to with but smaller

did indications absolutely see we performance. XX% next in for approach we the that to Ankaa we chips for not will that at tiling prove X-Q fidelity. deterioration are work start Apsen to our tiling All Ankaa once will have any that year and But four we

some good that we feel have that So here. risk. on a and there risk handle is risk that is we But feel manageable, we

Quinn Bolton

Understood. Thank you.

Subodh Kulkarni

Quinn. you, Thank

Operator

you. moment, Thank please. One

Our next Krish the line question comes from of Sankar of Cowen.

Your line is open.

Unidentified Analyst

guys. you for is Chris. This Can Hey, hear Eddie me?

Subodh Kulkarni

we can. Yes,

Unidentified Analyst

Yeah. error the at Hey, what process among for on can error us talked quantum through Conference correction last for it's Nvidia error congrats correction how computer correction accelerate the role. GPU new computers? mentioned GTC And walk how that are and week guys, Can other about works? you working quantum companies. mechanism we, with GPUs the innings and you

Subodh Kulkarni

Certainly, software. control areas, at and performance. are error a albeit at layer And high stack, is looking in not the final level, computational mix are important correction application as both much mitigation we extremely software the error the chip as in those which performance both and a and fundamental

within of good us Having computing said the show that say other exactly pretty a work critically And are some begin lot quantum companies. they superconducting all to there's companies that, with what fidelity error correction. from I on are will needs high doing dependent work to of with. happen on good going corrections to error in

doing really corrections, error are fidelities Nothing it you XX.X% corrections our But pay are north sub-XX% when correction to when median median today, the be even you of chips is it. to wrong XX%, fidelity, make To any ideally sense. or of XX% correction error X-Q work. higher with before north work, X-Q median error makes be doesn't than less dividends need good So really fidelities. of and error

corrections you I our any more David, with David thoughts have just said? is CTO. what here about do than error me,

David Rivas

that thing the to I measurements, place, in you to programmed being executing, to fairly take only tandem do system. [ph] of performance on is circuits high would being computations, are add to evaluate them also your be are our are that to take capable what with underlying for but control syndromes correction both error produced The systems need the

something control in a industry, So things of unique of couple early such one Rigetti This highly are being it. that the not is has system invested of is the there's that capable doing only in way. in us augmented actually it's -- while capable a a is it on that

Unidentified Analyst

rates? Interesting, when doesn't for it you part, like hard stages. fidelity to gets Or is once difficult stages. a establish more as is does maybe than bit stack interesting. another And Thanks that. the exponentially the four And easier, one, during the initial most get get as it together, that work, technology it difficult increase you early it tiles the or

Subodh Kulkarni

physics far including on down electrons we come does work the here, it the the to And photons we system, the MX Krish, different fundamental Apsen the the have so feel understood. how we and All dies. across tangle current done and got have well physics

you without any losing chips can performance. that entangle have proven across We

Ankaa is question demonstrated X-Q with there. true lower the previous higher I answered XX% that is median prove we to But principle fidelities. We X-Q absolutely have level. with median that the clearly the that the fundamental as once at same holds So have fidelities,

dies smaller them and gist philosophy tiling the today, should like qubits, scale quantum of is that commonly physics prove it is a by but simulation industry dies the able is semiconductor up be use we our using and chiplet in based there, with across have far done multiple we effectively and world get indications in together. to on studies that that our suggest is to strategy year. but entangle have sound All absolutely so next we to But work that the we can the deployed

Unidentified Analyst

it. Jeff. Thank Subodh. Thanks, Got you,

Subodh Kulkarni

Thanks.

Operator

any time. like further for at over no question the I'm closing to Subodh this Kulkarni call I'd turn you. Thank showing remarks. back

Subodh Kulkarni

if. believe of expansive experience one now has contribute growth We potentially can Thank believe tremendous years. a could in involved way that we decade next And not when quantum X for heart. good very mainstream next But to will and of know we you. digital in probably not between believe the change faint areas feel computing the Rigetti quantum Rigetti risks computers that today. the and is it's and quantum to show value, In that enormous becomes closing, question at It's going the we the XXXX. obviously is the quantum as we computing world XX potential computing. believe of There's

the Rigetti to And part time. thank I'm for be approach. and your has Thank compelling you interest incredibly I an you. of company. excited

Operator

and for Thank conclude this Ladies Thank does all today's conference. gentlemen, you you. participating.

You day. disconnect. now great Have may a

Rigetti Computing (RGTI) 23 Mar 232022 Q4 Earnings call transcript