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]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________ FORM 10-K ______________________________________________________ (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-39560 ...

MEDIA RELEASE Exhibit 99.1 Business Highlights for the Full Year & Fourth Quarter 2024, plus updates since December 31, 2024. Launch: Rocket Lab Announces Full Year & Fourth Quarter 2024 Financial Results, Posts Record Revenue Representing 26% Sequential Growth, 78% Annual Growth and 121% Year-on-Year Quarterly Growth rocketlabusa.com | media@rocketlabusa.com Long Beach, California. February 27, 2025 – Rocket Lab USA, Inc. (Nasdaq: RKLB) ("Rocket Lab", "the Company", "we," "us," or "our"), a global leader i ...

Core Viewpoint - Pomerantz LLP is investigating claims of potential securities fraud and unlawful business practices by Rocket Lab USA, Inc, following allegations from Bleeker Street Research regarding misleading information about the company's Neutron rocket launch timeline [1][2]. Group 1: Investigation and Allegations - Pomerantz LLP is representing investors in Rocket Lab and is looking into claims of securities fraud or other unlawful practices by the company and its officers [1]. - Bleeker Street Research published a report alleging that Rocket Lab has misled investors about the launch timeline of its Neutron rocket, suggesting a delay of one to two years compared to the company's claims [2]. - The report also criticized the sole announced launch contract with E-Space, describing it as a questionable partnership with a potentially unstable customer [2]. Group 2: Market Reaction - Following the release of the Bleeker Street report, Rocket Lab's stock price dropped by $2.21, or 9.83%, closing at $20.28 per share on February 25, 2025 [2].

Core Insights - Rocket Lab (NASDAQ: RKLB) is positioned as more than just its Electron rocket, which has successfully launched over 170 satellites into orbit, indicating a strong operational track record [1] Group 1: Company Overview - The majority of Rocket Lab's revenue is derived from sources beyond the Electron rocket, suggesting a diversified business model [1] Group 2: Analyst Background - The analyst has extensive experience in private banking, corporate finance, and strategic advisory across multiple continents, including managing cross-border M&A transactions in emerging markets [1]

Core Viewpoint - Rocket Lab USA, Inc. is expected to report its fourth-quarter 2024 results on February 27, 2025, with significant revenue growth anticipated but challenges in profitability due to high operating expenses [1][19]. Revenue Estimates - The Zacks Consensus Estimate for Rocket Lab's revenues is $129.9 million, reflecting a 116.6% increase from the same quarter last year [2]. - The Launch Services segment is projected to generate revenues of $37.5 million, indicating a substantial 343.3% increase year-over-year [9]. - The Space Systems segment is expected to report revenues of $92.37 million, representing a 79.3% growth compared to the previous year [10]. Earnings Projections - The consensus estimate for the bottom line is a loss of 10 cents per share, unchanged from the prior-year quarter [2]. - Rocket Lab has a history of earnings surprises, beating estimates in three of the last four quarters with an average surprise of 9.04% [3]. Operating Expenses and Profitability - Higher operating expenses, driven by increased staff costs and IT infrastructure spending, may negatively impact operating margins and overall earnings [11]. - The company anticipates continued increases in operating expenses, which could hinder profitability if revenue growth does not keep pace [18]. Stock Performance and Valuation - Rocket Lab's stock has increased by 330.5% over the past year, outperforming the aerospace-defense industry, which declined by 5.9% [12]. - The forward 12-month price-to-sales (P/S) ratio for Rocket Lab is 16.31X, significantly higher than the industry average of 1.58X, indicating a premium valuation [13]. Industry Outlook - The global space economy is projected to reach $1.8 trillion by 2035, presenting growth opportunities for Rocket Lab, particularly with its Electron rocket being the second most frequently launched orbital rocket among U.S. companies [16].