Rocket Lab Narrows Q2 Loss, Revenue Jumps 62%, Guides Above Street
RKLB has more than doubled off its 52-week low of $37.57.
Summary
Rocket Lab posted a narrower Q2 loss of $49.3M (8c/share) vs. $66.4M a year ago, with revenue surging 62% to $234.1M, beating the $231.6M consensus. Backlog hit a record $2.36B, up 137% YoY, and the company has already booked over $1B in new contracts this quarter. Q3 revenue guidance of $250M-$265M handily tops the $238.5M Street view. The company also announced a German subsidiary to expand European manufacturing, a Neutron launch deal with Kepler Communications, and a new containerized launch system called GHOST. Shares dipped 1.6% after hours despite the beat, possibly on the slight EPS miss (8c vs. 6c expected). This follows the June announcement of the $8B Iridium acquisition and the recent $266M Space Force contract, reinforcing Rocket Lab's rapid scale-up across launch, space systems, and applications.
At the time of this announcement, RKLB was trading at $78.22 on NASDAQ in the Technology sector, with a market capitalization of approximately $47.9B. The 52-week trading range was $37.57 to $151.00. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.