$RKLB (+4.82%) | Rocket Lab Q3 '24 Earnings Highlights:

Financial Highlights

🔹 EPS: -$0.10 (Est. -$0.11) 🟢

🔹 Revenue: $105M (Est. $102M) 🟢; UP +55% YoY

🔹 Net Loss: $51.9M (Prev. $40.6M YoY)

🔹 Adjusted EBITDA: -$30.9M (Prev. -$15.5M YoY)

🔹 Total Backlog: $1.05B

Launch Achievements

🔸 Record 12 Electron launches YTD

🔸 Secured $55M in new launch contracts during Q3

🔸 Increased launch price by 67% since debut

🔸 Electron is the third most frequently launched rocket globally and the second in the U.S.

Space Systems Progress

🔸 Delivered two spacecraft for NASA's ESCAPADE Mars mission

🔸 Selected for Mars sample return study contract

🔸 Built two spacecraft for Varda Space Industries

🔸 Executing $515M contract with the Space Development Agency

Neutron Development

🔸 Signed a multi-launch agreement with a confidential constellation customer, potentially deploying the entire constellation

🔸 Awarded a USAF research contract for the Archimedes engine

🔸 Doubled engine testing frequency

🔸 Completed assembly facility construction for Neutron

Q4 2024 Guidance

🔹 Revenue: $125M-$135M

🔹 Gross Margin: 26%-28% (GAAP); 32%-34% (Non-GAAP)

🔹 Operating Expenses: $84M-$86M (GAAP)

🔹 Adjusted EBITDA Loss: $27M-$29M

CEO Peter Beck's Commentary

🔸 "Q3 marks another milestone in our end-to-end space strategy, with 55% revenue growth and significant progress in launch capabilities and space systems. Our expanding backlog and strategic launches position Rocket Lab strongly for future demand."