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Jun 30, 2024
Rocket Lab Q2 2024 Earnings Report
Rocket Lab achieved record revenue with substantial year-on-year growth and made significant progress in Neutron development.
Key Takeaways
Rocket Lab reported a record revenue of $106 million for Q2 2024, a 71% increase year-on-year, driven by strong demand for launch services and space systems. The company also achieved a critical milestone in Neutron development with the first hot fire of the Archimedes engine.
Achieved record revenue of $106 million, a 71% year-on-year increase.
Successfully launched the 50th Electron mission, faster than any commercially developed rocket in history.
Signed 17 new launch contracts year-to-date, including multi-launch deals and contracts with the Department of Defense.
Completed production of two spacecraft for NASA’s ESCAPADE mission to Mars.
Revenue by Segment
Forward Guidance
For the third quarter of 2024, Rocket Lab expects revenue between $100 million and $105 million, with Space Systems revenue between $79 million and $84 million, and Launch Services revenue of approximately $21 million.
Positive Outlook
- Revenue between $100 million and $105 million.
- Space Systems revenue between $79 million and $84 million.
- Launch Services revenue of approximately $21 million.
- GAAP Gross Margins between 25% and 27%.
- Non-GAAP Gross Margins between 30% and 32%.
Challenges Ahead
- GAAP Operating Expenses between $80 million and $82 million.
- Non-GAAP Operating Expenses between $69 million and $71 million.
- Expected Interest Expense (Income), net $1 million.
- Adjusted EBITDA loss of $31 million to $33 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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