Rocket Lab Q4 revenue $51.8M (+88% YoY); full-year $211M (+239%); Q1 guidance shows negative gross margins

Rocket Lab Corp

2022-FY EPS reported -$0.29 revenue$210,996,000

Q4 2022 revenue $51.8M, up 88% YoY; full-year 2022 revenue $211M, up 239%.
Record nine launches in 2022 with 100% mission success; CAPSTONE moon mission for NASA.
Q1 2023 guidance: revenue $51-54M, GAAP gross margin -5% to -3%, adjusted EBITDA loss $28-30M.
Director David Cowan resigns from board effective March 14, 2023; no dispute with company.
Neutron rocket development: engine test stand at NASA Stennis, production complex at Wallops under construction.

item 2.02 item 5.02 item 9.01

Executive movements

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Departed

David Cowan

Director

RKLB · Rocket Lab Corp

Effective: 2023-03-14
Filed: February 28, 2023, 6:59 PM ET

David Cowan notified the Company, of his resignation as a member of the Company’s board of directors (the “Board”) and the Nominating and Corporate Governance Committee of the Board, effective March 14, 2023.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Rocket Lab Corp reported the first quarter of 2023 results: revenue between $51 million and $54 million. Guidance initiated.

Period: the first quarter of 2023
Revenue: between $51 million and $54 million
Guidance: initiated
Result: guidance update

Exact text from the filing

First Quarter 2023 Guidance For the first quarter of 2023, Rocket Lab expects: • Revenue between $51 million and $54 million. • Launch Services revenue of approximately $19 million.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Rocket Lab Corp reported the fiscal year ended December 31, 2022 results: revenue $211 million.

Period: the fiscal year ended December 31, 2022
Revenue: $211 million
Result: reported results

Exact text from the filing

Fiscal 2022 Revenue of $211 million, representing full-year growth of 239%.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Rocket Lab Corp reported the fourth quarter ended December 31, 2022 results: revenue $51.8 million.

Period: the fourth quarter ended December 31, 2022
Revenue: $51.8 million
Result: reported results

Exact text from the filing

Q4 2022 revenue of $51.8 million, an increase of 88% year-over-year.

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Executive change SEC 8-K Item 5.02 confidence 0.95

David Cowan resigned as Director at Rocket Lab Corp.

Action: resigned
Role: Director

Exact text from the filing

David Cowan notified the Company, of his resignation as a member of the Company’s board of directors (the “Board”) and the Nominating and Corporate Governance Committee of the Board, effective March 14, 2023.

View on SEC.gov

50 earnings releases filed in the last 30 days. Browse all earnings releases →

Rocket Lab Corp filing history →

Source: SEC EDGAR

accession 0000950170-23-005103

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