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Rocket Lab | 8-K: Rocket Lab Announces Preliminary Fourth Quarter 2023 Financial Results After Successful Launch for Spire and NorthStar

SEC announcement ·  Jan 31 20:06
Summary by Futu AI
On January 31, 2024, Rocket Lab USA, Inc. announced its estimated preliminary unaudited financial results for the fourth quarter of 2023, following a successful launch for Spire and NorthStar. The report, which is not yet audited, shows a revenue range between $59.0 million and $61.0 million, with Space Systems revenue contributing between $50.5 million and $52.5 million, and Launch Services revenue at $8.5 million. The company reported a GAAP gross margin between 24.8% and 26.8%, and a non-GAAP gross margin between 31.4% and 33.2%. Operating expenses were estimated between $62.5 million and $64.5 million on a GAAP basis, and between $52.5 million and $54.5 million on a non-GAAP basis. The net loss for the quarter is projected to be between $49.0 million and $52.5 million, with an Adjusted EBITDA loss between $28.0 million and $30.0 million. These preliminary...Show More
On January 31, 2024, Rocket Lab USA, Inc. announced its estimated preliminary unaudited financial results for the fourth quarter of 2023, following a successful launch for Spire and NorthStar. The report, which is not yet audited, shows a revenue range between $59.0 million and $61.0 million, with Space Systems revenue contributing between $50.5 million and $52.5 million, and Launch Services revenue at $8.5 million. The company reported a GAAP gross margin between 24.8% and 26.8%, and a non-GAAP gross margin between 31.4% and 33.2%. Operating expenses were estimated between $62.5 million and $64.5 million on a GAAP basis, and between $52.5 million and $54.5 million on a non-GAAP basis. The net loss for the quarter is projected to be between $49.0 million and $52.5 million, with an Adjusted EBITDA loss between $28.0 million and $30.0 million. These preliminary results are subject to change upon completion of the company's financial closing procedures and other developments that may arise before the final report is released on February 27, 2024. Rocket Lab's CEO, Peter Beck, highlighted the quarter's achievements, including Electron's return to service, a significant contract award, and progress in the Neutron development. The company anticipates more launches in 2024 than in any previous year and has a record backlog.

This announcement is a separate document:

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