Rocket Lab stock has skyrocketed this year.In this video, I will cover Rocket Lab's (RKLB 49.59%) third-quarter earnings report. Watch the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Nov. 12, 2024. The video was published on Nov. 12, 2024. ...

Rocket Lab (RKLB 51.43%) stock lived up to its name this morning as shares were up 44% at 10:45 a.m. ET after an encouraging earnings report Tuesday evening.Heading into the Q3 report, analysts had forecast Rocket Lab would lose $0.11 per share on quarterly sales of $102.3 million. The company instead reported sales of $104.8 million, and a loss of $0.10 per share. Rocket Lab Q3 earningsRocket Lab revenue rose 55%. Granted, losses also rose, up 25% from $0.08 per share one year ago. Still, if you pull back ...

Rocket Lab USA Inc. NASDAQ: RKLB stock is up more than 40% the day after reporting a record number of launches for its Electron rockets in the prior quarter. The Electron rocket provides launch services that allows commercial and government customers to deploy satellites and other payloads into space.   For the quarter ending October 31, 2024, the company conducted 12 launches, which helped fuel its total revenue of $104.8 million, which beat analysts’ expectations of $102.7 million.  Get Rocket Lab USA ale ...

Michael Wiggins De Oliveira is an inflection investor. This means buying into cheap companies at the moment when their narrative is changing and the business is on a path toward becoming significantly more profitable over the next year.With a focus on tech and “the Great Energy Transition (including uranium)”, Michael runs a concentrated portfolio with approximately 15 to 20 stocks and an average holding period of 18 months. Through his 10+ years analyzing countless companies, Michael has accumulated outsta ...

Financial Data and Key Metrics Changes - The third quarter revenue reached $105 million, a 55% year-on-year increase, and only $1 million shy of the record revenue from the previous quarter [10][46] - The total backlog grew 80% year-on-year to $1.05 billion, driven by significant contract awards [10][48] - GAAP gross margin for Q3 was 26.7%, while non-GAAP gross margin was 31.3%, both within prior guidance ranges [47] - Cash consumed from operations was $30.9 million, an increase from $13 million in the previous quarter, primarily due to increased spending on Neutron and Space Systems programs [54][56] Business Line Data and Key Metrics Changes - The launch services segment generated $21 million in revenue, while the space systems segment delivered $83.9 million, reflecting strong performance in both areas [46][47] - The average sales price for Electron launches increased by 60% since its inception, indicating strong demand for dedicated small launch services [12] Market Data and Key Metrics Changes - Rocket Lab successfully launched multiple Electron missions in Q3, setting a new annual launch record with 12 missions [11] - The company signed $55 million in new Electron launch contracts, highlighting the growing demand for small satellite launches [8][12] Company Strategy and Development Direction - Rocket Lab aims to establish itself as an end-to-end space company, providing both launch services and spacecraft development [6][10] - The company is focusing on building and launching its own constellations to offer in-demand services in space [7][9] - Neutron's development is seen as critical for unlocking future opportunities, with plans for multiple launches starting in mid-2025 [19][84] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the demand for Neutron, citing a robust market for incremental capacity and a strategic approach to customer partnerships [78] - The company anticipates a revenue range of $125 million to $135 million for Q4 2024, reflecting increased activity in both business segments [57] Other Important Information - The company announced personnel changes, including the appointment of a new Chief Operations Officer and a new board member with extensive aerospace experience [42][44] - Rocket Lab was selected by NASA for a Mars Sample Return Contract Study, showcasing its capabilities in space systems [9][32] Q&A Session Summary Question: Clarification on Neutron launch timeline and contract announcement - Management confirmed that the first Neutron launch is still targeted for mid-2025, with the multi-launch agreement starting in mid-2026, emphasizing the importance of customer readiness [62][63] Question: Outstanding catalysts for Neutron development - Management outlined three key pillars to track: launch infrastructure, structural components, and engine testing, indicating progress in all areas [68][69] Question: Context on Neutron customer relationships - Management indicated that the customer for the Neutron contract is known and strategic, with a focus on non-competitive partnerships [75][76] Question: Long-term production scaling with new COO - Management highlighted that the new COO's experience will help scale production across various spacecraft and rocket components, leveraging best practices from the automotive industry [79][80] Question: Timing for space services and Neutron production cadence - Management stated that Neutron's high cadence is essential for deploying constellations, indicating that further developments hinge on Neutron's operational success [84]

Rocket Lab USA, Inc. (RKLB) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to loss of $0.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.09%. A quarter ago, it was expected that this company would post a loss of $0.10 per share when it actually produced a loss of $0.08, delivering a surprise of 20%.Over the last four quarters, the company has surpass ...

Q3 2024 Highlights - Rocket Lab achieved $105 million in third quarter revenue, a 55% year-over-year increase[10] - The company's backlog as of Q3 2024 reached $1048 billion, representing 80% year-over-year growth[10] - Rocket Lab anticipates revenue between $125 million and $135 million for Q4 2024[10] Electron Launch Vehicle - Electron's average sale price has increased by 67% since its debut in 2017, from $5 million to $84 million[11] - Rocket Lab signed $55 million in new launch contracts in Q3 2024[7, 12] - Electron is the world's third most frequently launched rocket globally in 2024[11, 13] Neutron Launch Vehicle - Rocket Lab has signed a launch agreement with a commercial constellation operator for Neutron launches from Launch Complex 3 in Virginia[16] - Two dedicated Neutron launches are booked for 2026 and 2027[17] - The Space Force's NSSL Lane 1 program is projected at $56 billion over five years[19] Space Systems - Rocket Lab was selected by NASA to conduct a study into retrieving samples from Mars[9, 32] - The company has over $720 million in spacecraft programs in production and development[40] - Rocket Lab has a $515 million prime contract with the SDA to build 18 spacecraft[43] Financial Outlook - Q3 2024 GAAP gross margin was 267% and Non-GAAP gross margin was 313%[48] - The company expects GAAP gross margin to range between 26% and 28% for Q4 2024[59] - Rocket Lab anticipates GAAP operating expenses of $84 million to $86 million and Non-GAAP operating expenses of $75 million to $77 million for Q4 2024[59, 60] - The adjusted EBITDA loss is expected to be $27 million to $29 million for Q4 2024[61]

Now you can get access to the latest and highest-quality analysis of recent Wall Street buying and selling ideas with just one subscription to Beyond the Wall Investing ! There is a free trial and a special discount of 10% for you. Join us today!Rocket Lab USA, Inc. (NASDAQ: RKLB ) with its headquarters in Long Beach, California, is an end-to-end space company providing reliable launch services and spacecraft solutions. According to its latest 10-Q, the firm also owns one ofDaniel Sereda is chief investment ...

In the latest trading session, Rocket Lab USA, Inc. (RKLB) closed at $11.25, marking a -1.49% move from the previous day. This change lagged the S&P 500's daily loss of 0.28%. Elsewhere, the Dow saw a downswing of 0.61%, while the tech-heavy Nasdaq depreciated by 0.33%.The company's stock has climbed by 16.53% in the past month, exceeding the Aerospace sector's loss of 7.9% and the S&P 500's gain of 0.41%.Market participants will be closely following the financial results of Rocket Lab USA, Inc. in its upco ...

This company is aiming for SpaceX's crown.The age of private space flight is upon us. Catalyzed by SpaceX's large reusable rockets, commercial customers are now able to easily and reliably launch stuff (mostly satellites) into space. Analysts estimate the entire space economy to be worth $630 billion in 2023 and expect it to boom to $1.8 trillion by 2035 due to the huge growth in private space offerings, which is a lot of spending for suppliers to go after. Given this booming demand, there are many companie ...