SAN DIEGO, Feb. 28, 2025 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Rocket Lab USA, Inc. (NASDAQ: RKLB) securities between November 12, 2024 and February 25, 2025, inclusive (the "Class Period"), have until April 28, 2025 to seek appointment as lead plaintiff of the Rocket Lab class action lawsuit.  Captioned Bray v. Rocket Lab USA, Inc., No. 25-cv-01733 (C.D. Cal.), the Rocket Lab class action lawsuit charges Rocket Lab and certain of Rocket Lab's top executi ...

NEW YORK, Feb. 28, 2025 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of all persons or entities who purchased or otherwise acquired Rocket Lab USA, Inc. (“Rocket Lab” or the “Company”) (NASDAQ: RKLB) securities between November 12, 2024 and February 25, 2025, inclusive (the “Class Period”). The Complaint alleges that Defendants made false and/or misleading sta ...

Core Viewpoint - A class action lawsuit has been filed against Rocket Lab USA, Inc. for alleged misleading statements and undisclosed delays affecting the company's operations and prospects during the specified Class Period from November 12, 2024, to February 25, 2025 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Rocket Lab made false and misleading statements regarding the delays in their barge landing tests and a critical potable water issue that would not be resolved until January 2026, impacting the launch pad preparation [5]. - It is alleged that these issues pose a substantial risk to the launch of Rocket Lab's Neutron rocket, originally scheduled for mid-2025, and that the only contract for Neutron was made at a discount with an unreliable partner [5]. - The lawsuit asserts that the positive statements made by the defendants about Rocket Lab's business and prospects were materially misleading and lacked a reasonable basis, leading to investor damages when the true details became public [5]. Group 2: Participation Information - Investors who purchased Rocket Lab securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, interested parties can visit the provided link or contact the law firm directly for more information [3][6]. - A lead plaintiff must file a motion with the court by April 28, 2025, to represent other class members in the litigation [1][3]. Group 3: Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability and experience in handling such cases [4].

ATLANTA, Feb. 28, 2025 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Rocket Lab USA, Inc (“Rocket Lab” or the “Company”) (NASDAQ: RKLB). The lawsuit alleges that Defendants made materially false and/or misleading statements and/or failed to disclose material adverse facts about QCI’s business, operations, and prospects, including allegations that: (1) the Company’s plans for three barge landing tests were significantly delayed; (2) a critical potable water problem was not sch ...

ATLANTA, Feb. 28, 2025 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Rocket Lab USA, Inc (“Rocket Lab” or the “Company”) (NASDAQ: RKLB). The lawsuit alleges that Defendants made materially false and/or misleading statements and/or failed to disclose material adverse facts about QCI’s business, operations, and prospects, including allegations that: (1) the Company’s plans for three barge landing tests were significantly delayed; (2) a critical potable water problem was not sch ...

Rocket Lab USA has exceeded revenue expectations, while earnings per share matched forecasts.Space launch provider Rocket Lab USA (RKLB -6.68%) reported mixed fourth-quarter earnings on Thursday, Feb. 27. Revenue in Q4 was notably higher at $132.4 million, topping analysts' consensus projections of $130 million and rising 121% year over year. Adjusted EPS in Q4 was in line with estimates, presenting a loss of $0.10 per share. Overall, the quarter showed mixed results with strong revenue growth but enduring ...

Financial Data and Key Metrics Changes - In 2024, the company achieved its highest annual revenue of $436 million, representing a 78% increase year-over-year, with Q4 revenue of $132 million reflecting a 121% year-over-year growth [8][61] - The launch services segment generated $125.4 million in revenue for the full year, a 74% increase year-over-year, while the Space Systems segment delivered $310.8 million, an 80% increase year-over-year [62][63] - GAAP gross margin for Q4 was 27.8%, and non-GAAP gross margin was 34%, both at the high end of prior guidance ranges [64][65] Business Line Data and Key Metrics Changes - The launch services segment contributed $42.4 million in Q4, while the Space Systems segment delivered $90 million, with the latter showing a sequential growth of over 7% [61][63] - The company completed 16 launches in 2024, maintaining its position as the leading small launch provider globally [10][11] - The backlog at the end of Q4 was $1.07 billion, with $386 million in launch backlog and $681 million in space systems backlog [66] Market Data and Key Metrics Changes - The company signed over $450 million in new contracts in 2024, strengthening its backlog [11] - The market for hypersonic technology is expanding, with a 46% increase in the Pentagon's budget request for hypersonic research to $6.9 billion [22] Company Strategy and Development Direction - The company aims to build a fully integrated end-to-end space company, focusing on launch, space systems, and eventually space applications [15][59] - Neutron is positioned as a critical vehicle to unlock the medium launch market, with plans for over 20 missions in 2025 [17][26] - The introduction of Flatellite aims to enhance the company's capabilities in satellite manufacturing and constellation deployment [56][59] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in launching Neutron in 2025, with no major concerns affecting the timeline [91] - The company anticipates continued growth in both launch and space systems segments, with a potential shift in revenue mix towards launch services as Neutron becomes operational [92][94] Other Important Information - The company expects cash consumption to increase in Q1 2025 due to Neutron-related investments and a lack of significant contractual milestone payments [81] - The ending cash balance was $484 million, providing a strong position for future investments [77] Q&A Session Summary Question: Timing of Neutron launch - Management indicated that the timeline for Neutron has been adjusted to the second half of 2025, allowing for more preparation time [85] Question: Definition of mission success for Neutron - Success for the first Neutron flight is defined as reaching orbit, which is a challenging goal [87] Question: Confidence in launching Neutron this year and revenue mix in 2026 - Management is confident in launching Neutron this year and expects a shift in revenue mix towards launch services as Neutron begins operations [91][94] Question: Cost expectations for Neutron - The first Neutron launch will be an R&D launch with no revenue, but future costs will benefit from reusability [103][106] Question: Advantages of Flatellite in the market - Flatellite is designed for rapid production and cost efficiency, leveraging the company's vertical integration [110][113]

Rocket Lab USA (RKLB) Q4 2024 Earnings Call February 28, 2025 12:36 PM ET Company Participants Murielle Baker - Senior Communications ManagerSir Peter Beck - Founder, President, CEO and Chair of the BoardAdam Spice - CFO, Secretary & TreasurerTrevor Walsh - Director - Equity ResearchMichael Leshock - Vice PresidentJason Gursky - Managing DirectorErik Rasmussen - Vice PresidentAndre Madrid - VP - Equity Research Conference Call Participants Edison Yu - AnalystAndres Sheppard - AnalystSuji Desilva - MD & Seni ...

Q4 2024 & full year Investor UPDATE February 27, 2025 Sir Peter Beck, CEO & Adam Spice, CFO FORWARD LOOKING STATEMENTS Forward Looking Statements This presentation may contain certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, contained in this presentation, including ...

Core Viewpoint - Rocket Lab USA, Inc. reported a quarterly loss of $0.10 per share, slightly worse than the Zacks Consensus Estimate of a loss of $0.09, indicating an earnings surprise of -11.11% [1] Financial Performance - The company posted revenues of $132.39 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 1.90% and significantly up from $59.99 million in the same quarter last year [2] - Over the last four quarters, Rocket Lab has surpassed consensus EPS estimates three times and topped revenue estimates two times [2] Stock Performance - Rocket Lab shares have declined approximately 16.6% since the beginning of the year, contrasting with the S&P 500's gain of 1.3% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.11 on revenues of $132.89 million, and for the current fiscal year, it is -$0.28 on revenues of $578.96 million [7] Industry Outlook - The Aerospace - Defense industry, to which Rocket Lab belongs, is currently ranked in the top 34% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]