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Jun 30, 2022
Rocket Lab Q2 2022 Earnings Report
Rocket Lab's revenue increased significantly, driven by growth in the space systems business.
Key Takeaways
Rocket Lab announced record revenue of $55.5 million for the second quarter of 2022, representing a 36% sequential quarter-on-quarter growth and a 392% year-on-year quarterly revenue growth. The space systems business comprised 66% of the total revenue.
Launched three successful Electron missions in Q2 2022.
Successfully launched the CAPSTONE mission to the Moon for NASA.
Signed a multi-launch contract with HawkEye 360 to launch 15 satellites across three Electron missions between late 2022 and 2024.
Completed the first mid-air capture of an Electron booster with a helicopter, advancing the company’s rocket reusability program.
Revenue by Segment
Forward Guidance
Rocket Lab expects revenue between $60 million and $63 million for the third quarter of 2022.
Positive Outlook
- Revenue between $60 million and $63 million
- Launch Services revenue of approximately $23 million
- Space Systems revenue of between $37 million to $40 million
- GAAP Gross Margins between 12% to 15%
- Non-GAAP Gross Margins between 22% to 25%
Challenges Ahead
- GAAP Operating Expenses $41 million to $43 million
- Non-GAAP Operating Expenses $27 million to $29 million
- Expected Interest expenses (Income), net $2 million expense
- Adjusted EBITDA loss of $8 million to $12 million
- Basic Shares Outstanding 471 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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