Rocket Lab issues Q2 2023 guidance with revenue $60-63M, highlights launch cadence and new contracts

Rocket Lab Corp

2023-Q1 EPS reported -$0.10 revenue$54,895,000

Q1 results exceeded prior guidance high end for revenue and gross margin; three successful Electron launches.
Q2 2023 guidance: revenue $60-63M, GAAP gross margin 14-16%, adjusted EBITDA loss $22-24M.
Post-quarter: two satellites deployed for NASA TROPICS; secured NASA Starling mission on expedited timeline.
Rocket Lab plans to fly a pre-flown 3D-printed Rutherford engine in Q3 2023, a reusability milestone.
Introduced HASTE suborbital vehicle; signed multiple new contracts from a displaced competitor's manifest.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Rocket Lab Corp updated its first quarter ended March 31, 2023 guidance (raised).

Period: first quarter ended March 31, 2023
Guidance: raised
Result: reported results

Exact text from the filing

On May 9, 2023, Rocket Lab USA, Inc. (the “Company”) issued a press release announcing its financial results for the first quarter ended March 31, 2023.

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Source: SEC EDGAR

accession 0000950170-23-019699

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