Rocket Lab Postted Record Second-Quarter Revenue of $ 144– $ 144.5 Million, Up 36% Year Over Year, Driven by Robust Performance in Its Space Systems Unit and Steady Launch Cadence, While Gass Gross Margin Exponed 650 Basis Points To 32.1% On Improved Mix and Higher Electron Electron Pricing.
Non-GAGAP GROSS MARGIN REACHED 36.9%, Topping Guidance, Underscoring Operating Leverage As Component Sales and Spacecraft Program Took a Larger Share of Revenue.
The Quarter Highlightd The Company’s Evolution Beyond Pure Launch Services: Space Systems Generated Roughly $ 97.9 Million of the Total, With Launch Services Contribution The Balance, AIDED by Fy Five Electron Missions and Continued Demand From Government and Commercial Customers.
MANAGEMENT ENDED THE PERIOD WITH ABOUT $ 1.0 BILLION IN TOTAL BACKLOG AND SIGNALED Q3 REVENUE GUIDANCE OF $ 145– $ 155 MILLION ALONGSIDE GAAP GROSS MARGINS OF 35%–37%, Positioning The Business For Sequential Margin Gains.
Strategically, Rocket Lab Advanced its Defense Footprint with An 18-Satellite, $ 515 Million Space Development Agency Program Now in Production and Moved To Acquire Geost To Build An Optical Systems Unit Focused on Eo/Go PayLoads For Missile Warning, Tracking, and Space Domain Domain Awareness – Inhancing Competitiveness for Larger Department of Defense Initiatives. The Neutron Program Progresod, With Us Launch Infrastructure Nearing Readiness and Engine Testing Continuing, Setting The Stage for The Next Leg of Growth in Medium-Lift Launch.
LEAVE THE TOP-LINE AND MARGIN GAINS, THE COMPANY REPORTED TO NET LOSS OF ABOUT $ 66.4 MILLION AS IT INVESTS IN CAPACITY, M & A, AND NEUTRON DEVELOPMENT; LIQUIDITY REMAINED STRONG WITH ROUCHLY $ 749 MILLION IN CASH AND SECURITIS FOLLOWING EQUITY FINANCING. With Record Revenue, Expanding Margins, and A Deepening National Security Pipeline, Rocket Lab Reaffirmed Its Trageectory Toward Higher-Qualy Growth Through 2025.
