Rocket Lab guides Q4 rev $65-69M, Q1 rev $95-105M; Electron return Nov 28 after anomaly fix

Rocket Lab Corp

2023-Q3 EPS reported -$0.28 revenue$184,601,000

Q4 2023 guidance: revenue $65-69M, Space Systems $48.5-52.5M, Launch Services ~$16.5M, adjusted EBITDA loss $23-27M.
Q1 2024 revenue guidance raised to $95-105M, driven by Space Systems growth ($65-68M) and launch ($30-37M).
Anomaly cause determined: electrical arc under Paschen's Law conditions from rare interaction of AC ripple, helium/nitrogen, and insulation fault.
Corrective actions: enhanced high-voltage testing and pressurizing battery frame to prevent arcs; FAA authorization received.
Electron return to flight scheduled during window opening Nov 28, 2023, for iQPS mission.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Rocket Lab Corp reported third quarter ended September 30, 2023 results: revenue $65 million and $69 million. Guidance reaffirmed.

Period: third quarter ended September 30, 2023
Revenue: $65 million and $69 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

on October 13, 2023. rocketlabusa.com | media@rocketlabusa.com MEDIA RELEASE Fourth Quarter 2023 Guidance For the Fourth quarter of 2023, Rocket Lab expects: • Revenue between $65 million and $69 million. • Space Systems revenue between $48.5 million to $52.5 million. • Launch Services revenue of approximately $16.5 million. • GAAP Gross Margins between 24% to

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Source: SEC EDGAR

accession 0000950170-23-061155

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