Rocket Lab USA(RKLB)
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Rocket Lab USA(RKLB) - 2023 Q2 - Quarterly Report
2023-08-07 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ 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 ROCKET LAB USA, INC. (Exact Name of Registrant as Specified in its Charter) (State or other jurisdiction o ...
Rocket Lab USA(RKLB) - 2023 Q1 - Earnings Call Transcript
2023-05-10 04:35
Rocket Lab USA, Inc. (NASDAQ:RKLB) Q1 2023 Earnings Conference Call May 9, 2023 4:30 PM ET Company Participants Colin Canfield - Manager, Investor Relations Peter Beck - Founder & Chief Executive Officer Adam Spice - Chief Financial Officer Conference Call Participants Erik Rasmussen - Stifel Suji Desilva - ROTH Jason Gursky - Citi Edison Yu - Deutsche Bank Operator Hello and thank you for standing by. My name is Jessica and I'll be your conference operator today. At this time, I would like to welcome every ...
Rocket Lab USA(RKLB) - 2023 Q1 - Earnings Call Presentation
2023-05-09 20:44
Rocket Lab USA, Inc. May 9, 2023 FORWARD LOOK ING 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 statements regarding our expectations of financial results for the second quarter of ...
Rocket Lab USA(RKLB) - 2023 Q1 - Quarterly Report
2023-05-08 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) OR ☐ 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 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 Registrant's telephone number, including area code: (714) 465-5737 Securities registered or to be registe ...
Rocket Lab USA(RKLB) - 2022 Q4 - Annual Report
2023-03-06 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 3881 McGowen Street For the fiscal year ended December 31, 2022 OR ☐ 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 ROCKET LAB USA, INC. (Exact name of Registrant as specified in its Charter) Delaware 98-1 ...
Rocket Lab USA(RKLB) - 2022 Q4 - Earnings Call Transcript
2023-03-01 03:52
Rocket Lab USA, Inc. (NASDAQ:RKLB) Q4 2022 Earnings Conference Call February 28, 2023 4:30 PM ET Company Participants Colin Canfield - Head of Investor Relations Peter Beck - Founder & Chief Executive Officer Adam Spice - Chief Financial Officer Conference Call Participants Kristy Liwag - Morgan Stanley Erik Rasmussen - Stifel Scott Deuschle - Credit Suisse Suji Desilva - ROTH MKM Eric Yan - Wells Fargo Andre Madrid - Bank of America Edison Yu - Deutsche Bank Austin Moeller - Canaccord Operator Good afterno ...
Rocket Lab USA(RKLB) - 2022 Q4 - Earnings Call Presentation
2023-02-28 21:51
Key Accomplishments 2022 BACKLOG end Q4'21, to: Key 2 Successful Electron missions for General Atomics and Swedish National Space Agency. Selects Rocket Lab to launch two dedicated Electron missions to deliver TROPICS constellation to orbit. LC-2 Archimedes engine hardware in testing at NASA Stennis Space Center and first composite flight structures in production for Neutron rocket. Completed construction of a new satellite production line and cleanroom to support constellation-class spacecraft manufacturin ...
Rocket Lab USA(RKLB) - 2022 Q3 - Earnings Call Transcript
2022-11-11 03:40
Financial Data and Key Metrics Changes - Q3 2022 revenue was $63.1 million, exceeding guidance of $60 million to $63 million, representing a 14% sequential growth over the prior quarter [54] - GAAP gross margin for Q3 was 13%, up from negative 230% in Q3 2021, while non-GAAP gross margin was 24%, up from negative 84% in the same period [62] - Total production headcount increased to 797, up 16 from June 30, 2022, focusing on production efficiencies [58] Business Line Data and Key Metrics Changes - Launch Services contributed $23 million, delivering 20% quarter-on-quarter growth, representing 36% of total revenue [54] - Space Systems contributed $40.1 million, delivering 10% quarter-on-quarter growth, representing 64% of total revenue [54] - GAAP gross margin for Launch Services improved to negative 4% from negative 12% in Q2, while Space Systems saw an increase to 23% from 20% [56][57] Market Data and Key Metrics Changes - The backlog declined by $10.8 million to $520.6 million as record revenue recognition outpaced new bookings [59] - Year-on-year revenue growth exceeded 1,000%, with acquisitions contributing approximately $31 million in Q3 2022 [60] Company Strategy and Development Direction - The company is focused on vertical integration to mitigate supply chain constraints and enhance operational efficiency [50] - Investments in Neutron and Photon development are expected to drive future growth, with a strong emphasis on R&D [68] - The company aims to maintain a high launch cadence and expand its market presence through strategic partnerships and contracts [80] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the robust pipeline of opportunities and the ability to build backlog in the coming months [59] - The company anticipates revenue in Q4 2022 to range between $51 million and $54 million, reflecting contributions from both Space Systems and Launch Services [72] - Management highlighted the importance of customer readiness in maintaining launch cadence, indicating a positive outlook for demand [81] Other Important Information - The company achieved significant technical milestones in rocket reusability, which are expected to enhance cost efficiency in future launches [87] - The Neutron rocket program is progressing well, with key engineering milestones achieved and a focus on using advanced materials for construction [24][26] Q&A Session Summary Question: Will Rocket Lab see partnerships similar to those of major corporations with Space Systems providers? - Management confirmed existing partnerships with Globalstar, indicating ongoing collaboration with major corporations [77] Question: When will the company reach profitability? - Management indicated that profitability will depend on the completion of R&D spending for Neutron and the performance of the overall business [78] Question: Are there any more potential acquisitions Rocket Lab is considering? - Management stated that while there are no advanced discussions currently, they continue to see strategic inorganic growth opportunities [79] Question: Does Rocket Lab foresee any large military contracts in the near or distant future? - Management acknowledged ongoing engagement with defense contracts, indicating potential for future opportunities [80] Question: What impacts Electron's launch cadence? - Management noted that customer readiness is the primary factor affecting launch cadence, rather than demand [81] Question: What is the progress towards Electron recoverability and how does it inform Neutron's design? - Management provided updates on Electron's recoverability efforts and emphasized the importance of lessons learned for Neutron's development [84][88]
Rocket Lab USA(RKLB) - 2022 Q2 - Earnings Call Transcript
2022-08-12 01:30
Rocket Lab USA, Inc. (NASDAQ:RKLB) Q2 2022 Earnings Conference Call August 11, 2022 4:30 PM ET Company Participants Arjun Kampani - Senior Vice President, General Counsel and Corporate Secretary Peter Beck - Founder and Chief Executive Officer Adam Spice - Chief Financial Officer Conference Call Participants Suji Desilva - ROTH Capital Erik Rasmussen - Stifel Ronald Epstein - Bank of America Matt Akers - Wells Fargo Edison Yu - Deutsche Bank Austin Muller - Canaccord Cai von Rumohr - Cowen Operator Hello a ...
Rocket Lab USA(RKLB) - 2022 Q2 - Earnings Call Presentation
2022-08-12 00:40
1 Rocket Lab USA, Inc. August 11, 2022 rocketlabusa.com Q2 2022 investor update DISCLAIMER AND FORWARD LOOK ING 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, inclu ...