Rocket Lab reports preliminary Q4 2023 revenue $59-61M; net loss widens to $49-52.5M

Rocket Lab Corp

2023-FY EPS reported -$0.38 revenue$244,592,000

Preliminary Q4 2023 revenue $59-61M (up from $51.8M YoY); net loss $49-52.5M vs $37.2M.
Space Systems revenue $50.5-52.5M (+27% YoY); Launch Services revenue fell to $8.5M from $12M.
Adjusted EBITDA loss expected $28-30M, roughly double the prior year's $14.5M loss.
Record backlog and $515M Space Development Agency Tranche 2 Beta contract noted; Neutron development progressing.
One Electron launch postponed from Q4, no impact on future results; full earnings due Feb 27, 2024.

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 0.95

Rocket Lab Corp reported the fourth quarter ended December 31, 2023 results: revenue $59.0 $61.0.

Period: the fourth quarter ended December 31, 2023
Revenue: $59.0 $61.0
Result: preliminary results

Exact text from the filing

appear below may not sum due to rounding. (figures in millions) Three Months Ended December 31, 2022 2023 Estimated Preliminary Unaudited Results Actual Low High Revenue $ 51.8 $ 59.0 $ 61.0 Space Systems revenue $ 39.7 $ 50.5 $ 52.5 Launch Services revenue $ 12.0 $ 8.5 $ 8.5 GAAP Gross margin 3.5 % 24.8 % 26.8 % Non-GAAP Gross margin 14.5 % 31.4 % 33.2 % GAAP

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Source: SEC EDGAR

accession 0000950170-24-009142

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