Riskified Ltd., a software firm specializing in fraud prevention, is reportedly working with Qatalyst Partners to explore a potential sale. The move comes as the company continues to focus on generating free cash flow, reducing its share count, and maintaining a strong balance sheet with $376 million in cash and no debt. The company executed $24.7 million in Q4 2024 buybacks, repurchasing 5.2 million shares, and trades at 1.5x annual recurring revenue (ARR). In its Q4 2024 earnings report, Riskified posted adjusted earnings of $0.06 per share, missing the $0.08 estimate, on sales of $93.53 million, which exceeded the $90.36 million estimate. The company also reported its best-ever quarterly gross merchandise volume (GMV) and a 10% reduction in share count over 2024. Meanwhile, Rigetti Computing, a quantum computing firm, reported Q4 2024 revenue of $2.27 million, missing the $2.5 million estimate and representing a 33% year-over-year decline. The company posted a GAAP net loss of $153 million and adjusted EPS of -$0.08, in line with expectations. Rigetti's $2.2 billion market cap and 283 million shares outstanding have raised questions about its valuation and growth prospects.
Just looked at the $RGTI "earnings"... a $2.2B market cap reporting sequentially declining revenues of $2.3M because Quantum be so amazing and growing so fast... 🤡🤡🤡 https://t.co/nUOe2812OJ
$RGTI to be quite honest these numbers would still look bad if it were trading at $2 prior to earnings with O/S of 283m 🤷♂️
$RGTI The 7-Eleven in Southampton does 5 x their rev 😮Rigetti Computing reports Q4 EPS (68c), consensus (6c)Reports Q4 revenue $2.27M, consensus $2.5M. "