Rigetti Computing, Inc. (NASDAQ:RGTI) reported its Q4 results on Monday, with EPS of ($0.19) coming in worse than the Street estimate of ($0.12), while revenue of $6.1 million beat the Street estimate of $4.4 million.

Deutsche Bank analysts provided their views following the results and the company’s first quarterly earnings call with a new CEO, CFO, and CTO, which provided more color on the company's new strategic roadmap.

While the analysts remain convinced that the incremental focus on technology execution and near-term productization is the right strategy, management was clear that revenue growth will be minimal over the next 1-2 years, or until the company successfully demonstrates narrow QA. As part of its revised outlook, the company also announced it will need to raise additional capital by the end of 2024 despite cost-cutting measures put in place at the beginning of the year.