Rocket Lab USA Inc

RKLB

Equity

ISIN US7731221062 / Valor 112870399

NASDAQ (2024-12-26)

USD 28.44+6.92%

Rocket Lab USA Inc
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About company

Rocket Lab USA Inc. is an aerospace manufacturer and small satellite launch service provider headquartered in Long Beach, California. The company specializes in the development of lightweight, cost-effective launch vehicles, satellites, and spacecraft components, aiming to facilitate easier and more affordable access to space. Rocket Lab's notable achievements include the development of the Electron rocket, recognized as the second most frequently launched U.S. rocket, and the initiation of the Neutron project, a larger launch vehicle designed for future constellation and large spacecraft missions. In addition to launch services, Rocket Lab offers comprehensive spacecraft solutions, manufacturing a wide range of satellite components and systems for commercial, civil, and defense applications. The company has successfully deployed over 170 satellites into orbit, serving a diverse clientele that includes NASA, the United States Space Force, and various commercial and academic sectors. Rocket Lab operates globally, with facilities and launch sites in the United States, Canada, and New Zealand, marking its presence as a significant player in the space industry.

Summarized from source with an LLMView SourceSector: Industrials

Revenue Growth

In the third quarter of 2024, Rocket Lab USA Inc. reported revenues of $104.8 million, marking a significant increase from the $67.7 million recorded in the same quarter of the previous year. This growth reflects the company's expanding operations and successful execution of contracts.

Gross Profit Improvement

Rocket Lab USA Inc. achieved a gross profit of $28.0 million in Q3 2024, compared to $15.0 million in Q3 2023. This improvement in gross profit is indicative of the company's enhanced operational efficiency and cost management strategies.

Operating Expenses

The company's total operating expenses for the third quarter of 2024 were $79.9 million, up from $53.8 million in the same period of 2023. This increase is primarily attributed to higher research and development costs, which rose to $47.7 million from $26.6 million year-over-year.

Operating Loss

Rocket Lab USA Inc. reported an operating loss of $51.9 million for Q3 2024, compared to a loss of $38.9 million in Q3 2023. The increased operating loss is largely due to the rise in operating expenses, particularly in research and development.

Fourth Quarter 2024 Outlook

For the fourth quarter of 2024, Rocket Lab USA Inc. anticipates revenue between $125 million and $135 million. The company expects GAAP gross margins to range from 26% to 28%, with non-GAAP gross margins between 32% and 34%. Operating expenses are projected to be between $84 million and $86 million on a GAAP basis.

Summarized from source with an LLMView Source

Key figures

404%1Y

137%3Y

%5Y

Performance

74.8%1Y

69.6%3Y

73.4%5Y

Volatility