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 ...

The company will be updating investors with its important financial statements soon.Building rockets is hard. Building rockets and launching them reliably into space is even harder. Only one private company has managed to do this at scale, SpaceX, with its huge reusable rockets and landing pads. That is until Rocket Lab (RKLB 6.73%) joined the party. Nipping at SpaceX's heels, Rocket Lab has built a successful niche in the space economy and is now the second private space flight company to consistently and ...

Group 1 - Rocket Lab's business model is distinct from traditional aerospace companies, focusing on small satellite launches and cost efficiency [1] - The management quality of Rocket Lab is highlighted as a key differentiator, with experienced leadership driving innovation and operational excellence [1] - Financial standing indicates a robust growth trajectory, with stock prices reflecting market confidence as of September 11, 2024 [1]

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Space stocks have had plenty of reasons to soar this fall. Non-public Elon Musk venture SpaceX completed a significant flight test of its Starship in October, while NASA's Europa Clipper departed for Jupiter's moon. Meanwhile, AST SpaceMobile Inc. NASDAQ: ASTS has skyrocketed by nearly 800% in the last year as it has launched satellites key to the delivery of its space-based cellular broadband service. While it has not reached quite the same heights as AST, Rocket Lab USA Inc. NASDAQ: RKLB has nonetheless o ...

Group 1 - Rocket Lab's stock price increased by 5% following KeyBanc's positive outlook, which identified Rocket Lab as a notable exception amidst general skepticism towards aerospace stocks [1] - KeyBanc downgraded shares of ATI Inc. and Howmet Aerospace due to slowing order rates and inventory accumulation, while raising Rocket Lab's price target to $12 per share [1] - Rocket Lab is set to achieve a record of 12 launches in a single year, surpassing its previous record of 10 launches in 2023, indicating a strong operational performance [2] Group 2 - The company's revenue growth of 70% year-to-date is primarily driven by its space systems business, which is more profitable than its launch services [3] - While the increase in launch rates is noteworthy, the real potential for Rocket Lab lies in the space systems manufacturing sector, which includes building rocket payloads and spacecraft parts [3]