share_log

Rocket Lab | 8-K: Rocket Lab Announces Fourth Quarter and Full Year 2023 Financial Results, Issues Guidance for the First Quarter 2024 Including Sequential Revenue Growth Greater than 50 Percent

SEC announcement ·  Feb 27 16:12
Summary by Moomoo AI
On February 27, 2024, Rocket Lab USA, Inc. announced its financial results for the fourth quarter and full year ended December 31, 2023. The company reported a 16% year-on-year revenue growth and an expansion of GAAP and non-GAAP gross margins by 12.0 and 6.9 percentage points, respectively. Rocket Lab also highlighted its largest contract to date, a $515 million award from the Space Development Agency to build 18 satellites. The company achieved a new annual launch record with ten Electron missions in 2023 and signed 25 new contracts for Electron and HASTE missions. Additionally, Rocket Lab made significant progress in the development of the Neutron rocket and the Archimedes engine. For the first quarter of 2024, Rocket Lab expects revenue between $92 million and $98 million, with GAAP Gross Margins between 24% and 26%, and an Adjusted EBITDA loss of $28 million to $30 million. The company also successfully launched two Electron missions since December 31, 2023, and closed an upsized offering of $355 million in convertible senior notes.
On February 27, 2024, Rocket Lab USA, Inc. announced its financial results for the fourth quarter and full year ended December 31, 2023. The company reported a 16% year-on-year revenue growth and an expansion of GAAP and non-GAAP gross margins by 12.0 and 6.9 percentage points, respectively. Rocket Lab also highlighted its largest contract to date, a $515 million award from the Space Development Agency to build 18 satellites. The company achieved a new annual launch record with ten Electron missions in 2023 and signed 25 new contracts for Electron and HASTE missions. Additionally, Rocket Lab made significant progress in the development of the Neutron rocket and the Archimedes engine. For the first quarter of 2024, Rocket Lab expects revenue between $92 million and $98 million, with GAAP Gross Margins between 24% and 26%, and an Adjusted EBITDA loss of $28 million to $30 million. The company also successfully launched two Electron missions since December 31, 2023, and closed an upsized offering of $355 million in convertible senior notes.
Helpful
Not Helpful

This announcement is a separate document:

Doc 1

Doc 2

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more