Ekso Bionics: Q1 Earnings Snapshot
The San Rafael, California-based company said it had a loss of 12 cents per share.
The robotic exoskeleton company posted revenue of $3.4 million in the period.
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San Francisco Chronicle
16 minutes ago
- San Francisco Chronicle
Top amateur golfers compete in S.F. while reaping rewards of college sports' new world
Jackson Koivun sure looked like a professional golfer as he navigated the Olympic Club's Ocean Course on Monday. Koivun's crisp, white Auburn golf shirt included a Footjoy logo. His bag promoted Titleist, his equipment sponsor. He also wore an Old Republic logo on one sleeve and another touting Betterment, a New York-based digital investment platform. That designation carries a different meaning these days, of course, in the era of Name, Image and Likeness (NIL) deals and revenue sharing. The striking transformation of college sports stretches beyond football to reach top golfers such as Koivun, a 20-year-old who grew up in San Jose. So he and the world's other accomplished non-pros (technically) are openly displaying their corporate affiliations this week during the 125th U.S. Amateur in San Francisco – while they chase a prestigious title offering zero prize money. 'It's definitely a little weird,' Koivun said of that curious contrast, 'but it's the world we live in now.' This new world hinges on marketing and name recognition nearly as much as tournament titles. Estimates of Koivun's NIL valuation range from $1.4 million (according to Essentially Sports) to $1.55 million (Golf NIL), a byproduct of two terrific seasons at Auburn. He swept the sport's major awards last year as a freshman. Golf NIL's top 10 features largely the same standout college players who reside near the top of the world amateur ranking, including Michael La Sasso of Ole Miss and Virginia's Ben James. Also on the NIL list: Arkansas' John Daly II, son of the two-time major champion, and Florida's Luke Poulter, son of Ian Poulter, who won three events on the PGA Tour and 12 more on the European Tour. Daly II and the younger Poulter are solid college players who clearly benefit from their dads' fame (Daly II has 212,000 followers on Instagram). The same goes for Tiger Woods' son Charlie, who has an NIL valuation of $2.5 million as a rising high school junior. (Daly II and Poulter are in the field at Olympic, while Woods is not.) That's essentially a projection, though Koivun and James are among those directly benefiting now from the new landscape. 'NIL is great for us – it puts some money in our pocket, which is nice,' Koivun said. 'I'm just thankful I'm at a football school, because they bring in all the money.' Koivun lived in the Bay Area until age 17 and spent all but his senior year of high school at Mitty. Then his family moved to Chapel Hill, N.C., in part so he could be closer to Auburn. He's showing signs of becoming a PGA Tour star one day, in ways beyond his college success. Koivun has made six tour starts this year and finished in the top 11 three times, including a tie for sixth in one event and tie for fifth in another. Put another way: He's giving sponsors reason to bet on his future. James, who stands No. 2 in the world amateur ranking, played Monday's round dressed almost fully in Puma gear. (His caddie even wore a Puma golf hat.) Another key sponsor, Transcend Capital Advisors, has its logo prominently displayed on his bag. James, a senior, acknowledged how much the college golf scene has changed in his four years at Virginia. 'It's a lot different, for sure,' James said. 'I don't know whether it's good or bad. … But it's cool to see so many young college guys playing so well at the highest level.' Players such as James and Koivun hired agents in high school, a reality Koivun described as 'kind of crazy.' There's also this tangible effect of NIL: It probably plays a role in top golfers staying in school rather than bolt for the tour. (Just imagine what kind of NIL earning power Tiger Woods would have had at Stanford.) Koivun said the ability to earn money as a college golfer offers some incentive to stay. He will return to Auburn for his junior year. 'I'm just going to go (pro) whenever I'm ready,' he said. Poulter hired an agent only about two weeks ago, despite his surname and earning potential. His college career started slowly, in part because of a back injury, but he pocketed one victory and five top-10s last season at Florida, where he soon will begin his redshirt junior year. Poulter posted an even-par, opening-round 70 on the Ocean Course, putting himself in good position heading into Tuesday's play. 'I've kind of been trying to play my game and let all that happen,' Poulter said of landing NIL deals. 'So now, because I've been playing a little better, it's coming. … Sometimes, people can get too engrossed in it and their golf suffers.' Briefly: Koivun started strong, shooting 2-under 68 on the Ocean Course on Monday. … NHL referee Garrett Rank posted 2-over 72 on the Ocean. … The field will be cut from 312 players to 64 after Tuesday's round, with match play starting Wednesday on the Lake Course.
Yahoo
30 minutes ago
- Yahoo
Dear Rigetti Computing Stock Fans, Mark Your Calendars for August 12
Rigetti Computing (RGTI) enthusiasts should circle August 12 on their calendars, as that's when the company is scheduled to release its Q2 2025 earnings after the market closes. With analysts anticipating a nearly 30% narrowing of losses, all eyes are on whether Rigetti can deliver on improving fundamentals. Investors will be watching closely for updates on its progress in scaling quantum systems, advancing partnerships, and moving toward commercial viability. In an industry defined by rapid innovation and high volatility, any new details on Rigetti's roadmap, revenue trajectory, or technological milestones could drive notable market moves. More News from Barchart This Hidden-Gem AI Stock Has a Major Catalyst Coming on August 11 Dear Plug Power Stock Fans, Mark Your Calendars for August 11 Inflation, Fed Leadership and Other Key Things to Watch this Week Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. About Rigetti Stock Rigetti Computing, founded in 2013 and headquartered in Berkeley, California, is a leading developer of full-stack quantum computing solutions. It designs, manufactures, and deploys superconducting quantum processors and supporting software platforms like Forest and Quantum Cloud Services. The company carries a market cap of nearly $5 billion, reflecting growing investor interest in its potential. Rigetti Computing's stock has experienced a notable rally recently, reflecting renewed investor optimism in quantum technology. Over the past month, its gain stands at 31.5%. A standout event contributing to this upward trend occurred in mid-July, when Rigetti's stock surged 30.2% in a single day of trading on July 16, following the announcement of a critical technical breakthrough, achieving 99.5% two-qubit gate fidelity. Meanwhile, analysts have become increasingly optimistic, which has helped shift investor sentiment considerably. In fact, the company has delivered an extraordinary 1,926% return over the year, vastly outperforming broader benchmarks such as the S&P 500 Index ($SPX), which has risen 19.4% in the same period. Rigetti Secured a String of High-Profile Awards in Q1 Rigetti Computing's Q1 2025 financial report, released on May 12, paints a picture of a company balancing operational challenges with strategic and technological advances. For the quarter ended March 31, revenues totaled just $1.5 million, down markedly from the prior-year quarter's $3.1 million, while operating expenses climbed to $22.1 million, resulting in an operating loss of $21.6 million. Despite this, a net income of $42.6 million was recorded, driven almost entirely by $62.1 million in non-cash gains stemming from derivative warrant and earn-out liability revaluations, a significant turnaround from the losses in the year-ago quarter. Rigetti reported EPS of $0.13, a notable improvement from the loss of $0.14 per share in Q1 2024. Rigetti simultaneously secured a string of high-profile awards and collaborations that underscore its commitment to advancing quantum computing. The company entered Stage A of DARPA's Quantum Benchmarking Initiative, a performance-based contract worth up to $1 million, centered on its utility-scale quantum computer concept developed with partner Riverlane. An additional award worth $5.48 million was granted to lead a consortium exploring the Alternating-Bias Assisted Annealing (ABAA) chip fabrication technique aimed at improving the microscopic quality of superconducting qubits. Across the pond, Rigetti won three Innovate UK Quantum Missions pilot awards, funding projects such as upgrading its NQCC-hosted QPU from 24 to 36 qubits, integrating chip-based controls with its 9-qubit Novera QPU in partnership with SEEQC, and developing a shared open-architecture quantum testbed with collaborators like TreQ, Qruise, Q-CTRL, and Oxford Ionics. In terms of capital strength, the company ended Q1 with $209.1 million in cash, cash equivalents and available-for-sale investments, which grew to $237.7 million by April 30 following the closing of the share purchase by Quanta Computer. Rigetti Fans, Mark Your Calendars for August 12 Leading into its Aug. 12 earnings release, analysts anticipate that Rigetti will report a narrower loss per share of $0.05, compared to a Q2 2024 loss of around $0.07 per share, which is a 28.6% improvement. On the revenue front, projections indicate a decline of 39.3% year-over-year (YoY), with expected revenue around $1.87 million. Meanwhile, analysts anticipate loss per share to improve 30.6% YoY to $0.25 in fiscal 2025, before improving by another 16% to reach $0.21 in fiscal 2026. Regarding the broader 2025 roadmap, Rigetti has laid out some forward-looking technical milestones. Management highlighted plans to scale its quantum systems, targeting a 36-qubit processor by mid-2025 and surpassing 100 qubits by year-end, along with achieving 99.5% to 99.7% two-qubit gate fidelity and gate speeds under 10 nanoseconds. What Do Analysts Expect for Rigetti Stock? Rigetti's stock has seen a wave of bullish upgrades in recent weeks. The most notable came on Aug. 4, when Needham analyst Quinn Bolton raised his price target from $15 to $18 and reaffirmed a 'Buy' rating, citing surging momentum in the quantum computing industry, boosted by initiatives like DARPA's Quantum Benchmark Initiative and Congressional progress on the Department of Energy Quantum Leadership Act of 2025. Just a couple of weeks earlier, on July 23, B. Riley also increased its price target, lifting it to $19 (from $15) while maintaining a 'Buy' stance. Wall Street is majorly bullish on RGTI. Overall, RGTI has a consensus 'Strong Buy' rating. Of the six analysts covering the stock, five advise a 'Strong Buy,' and one suggests a 'Moderate Buy.' The average analyst price target for RGTI is $16.33, marginal potential upside. B. Riley's Street-high target price of $19 suggests that the stock could rally as much as 19%. On the date of publication, Subhasree Kar did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
CBS News
an hour ago
- CBS News
Stanislaus County commission approves annexing 300 acres on southeast side of Oakdale
The California city of Oakdale could be seeing one of its biggest expansions in years with the addition of new homes, businesses and thousands of new residents. There is opposition to the plan, which aims to add 300 acres to the city's southwest side. However, the project, Sierra Pointe, just got the green light from the Stanislaus Local Agency Formation Commission. It would bring close to 900 homes, more than a million square feet of shops and offices and about 2,500 new residents. Councilman Jarod Pitassi cast the only "no" vote at City Hall, saying many people already living within that area keep livestock, which could come into conflict with city code. Patasi also says the city isn't ready for this much growth. "We already have a lot of traffic in town, especially peak hours of people dropping off kids, going to work," he said. Neighbors echoed similar concerns during the commission meeting. The developer's team says that won't happen and promises existing homes will keep their irrigation water. Pitassi said that for him, it's about slowing down and planning ahead. "Let's not put the cart before the horse, and if we want to grow, which is inevitable, we will and we shouldn't to an extent. But how are we doing it right? And how are we making sure that future generations aren't going to be impacted by the rush of building a ton of houses at one time?" he said. The annexation isn't final just yet. The local agency formation commission is in a 30-day reconsideration period. After those thirty days, they'll schedule a protest hearing where property owners can object to the annexation.
