$Rocket Lab USA, Inc.(RKLB)$ Rocket Lab's quarter was genuinely mixed. Revenue hit $234.07 million, beating the $231.35 million consensus and up 62% year-over-year. They signed $437 million in new Electron, HASTE and Neutron launch contracts, and the backlog reached a record $2.36 billion with about $2.13 billion in cash on hand.
On the other side, they posted a Q2 loss of eight cents per share, just missing the estimate for a seven-cent loss. Guidance was strong regardless — they're guiding Q3 revenue to $250 million to $265 million against estimates of $238.53 million, with an expected adjusted EBITDA loss of $17 million to $23 million.
Comments