Rocket Lab Doubles Loss, but Revenue Surges

125
Comment
Favorite

Rocket Lab Doubles Loss, but Revenue Surges

NZ Herald2022-08-12

Rocket Lab reported a net loss of US$37.4 million for the three months to June 30, more than double the US$16.7m it lost for the same period last year.But the Kiwi-American firm also reported revenue ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

125

Report

Comment

a1g2r
·2022-08-15
Nice
Reply
Like
Report
ppp00
·2022-08-14
Please help to like
Reply
1
Report
Abundance Thankful
·2022-08-12
Wow
Reply
1
Report
Mich77
·2022-08-12
read
Reply
2
Report
asr68
·2022-08-12
Tks
Reply
2
Report
Worpeng2002
·2022-08-12
Ok
Reply
2
Report
alod
·2022-08-12
Ok
Reply
3
Report
BlueDragon
·2022-08-12
Ok
Reply
5
Report
Williamw
·2022-08-12
Ok
Reply
4
Report
TanGK
·2022-08-12
Liked
Reply
3
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2258754955?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-08-12 07:44","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2258754955","market":"us","top_or_hot":-1,"title":"Rocket Lab Doubles Loss, but Revenue Surges","media":"NZ Herald","content":"<div>\n<p>Rocket Lab reported a net loss of US$37.4 million for the three months to June 30, more than double the US$16.7m it lost for the same period last year.But the Kiwi-American firm also reported revenue ...</p>\n\n<a href=\"https://www.nzherald.co.nz/business/rocket-lab-doubles-loss-but-revenue-surges/75SKQALY4LGJQVEDYT6HWKWRZE/\">Source Link</a>\n\n</div>\n","source":"lsy1660261372864","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rocket Lab Doubles Loss, but Revenue Surges</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRocket Lab Doubles Loss, but Revenue Surges\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-12 07:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.nzherald.co.nz/business/rocket-lab-doubles-loss-but-revenue-surges/75SKQALY4LGJQVEDYT6HWKWRZE/><strong>NZ Herald</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Rocket Lab reported a net loss of US$37.4 million for the three months to June 30, more than double the US$16.7m it lost for the same period last year.But the Kiwi-American firm also reported revenue ...</p>\n\n<a href=\"https://www.nzherald.co.nz/business/rocket-lab-doubles-loss-but-revenue-surges/75SKQALY4LGJQVEDYT6HWKWRZE/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RKLB","symbol_name":"Rocket Lab USA, Inc.","start_time":0,"source_url":"https://www.nzherald.co.nz/business/rocket-lab-doubles-loss-but-revenue-surges/75SKQALY4LGJQVEDYT6HWKWRZE/","article_id":"2258754955","we_media_id":null,"thumbnails":[],"rights":{"source":"lsy1660261372864","url":"https://www.nzherald.co.nz/business/rocket-lab-doubles-loss-but-revenue-surges/75SKQALY4LGJQVEDYT6HWKWRZE/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2258754955","pubTimestamp":1660261459,"sourceInfo":{"source_id":"lsy1660261372864","name":"NZ Herald"},"weMediaInfo":null,"summary":"Won't be a long, long time til new satellite-making facility opens Beck says.","collect":0,"end_time":0,"defaultTopTitle":"nzherald.co.nz","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"RKLB":"Rocket Lab USA, Inc."},"translate_title":"火箭实验室亏损翻倍，但收入激增","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RKLB":0.9},"content_text":"Rocket Lab reported a net loss of US$37.4 million for the three months to June 30, more than double the US$16.7m it lost for the same period last year.But the Kiwi-American firm also reported revenue that surged to US$55.5m, or five times the amount of its Covid-hit second quarter in 2021, and a third above its first quarter of this year.It forecast third-quarter revenue would grow to between US$60m and US$63m, and said its adjusted earnings loss would be between US$8m and US$12m (from US$8.5m in the second quarter).Rocket Lab finished the quarter with US$543m cash from the year-ago US$691m.\"We are encouraged by broad-based momentum that continued across our space systems business which comprised 66 per cent of our revenue in the second quarter,\" founder and CEO Peter Beck said.Shares closed up 1.21 per cent to US$5.86 in regular Nasdaq trading, for a market cap of US$4.72 billion and a 14 per cent gain on the week.The stock rose 0.3 per cent in after-hours trading after posting its result.The June quarter saw Rocket Lab launch its first Capstone moon mission for Nasa, and begin construction on its Neutron production complex in the US state of Virginia.Beck said his firm was also close to completing a new satellite constellation production facility in Long Beach, California.The new complex would be used to make satellites for a range of customers, including \"17 500kg spacecraft buses for [satellite phone and broadband operator] Globalstar as part of a US$143m subcontract awarded to Rocket Lab in the first quarter of this year\".Beck emphasised earlier this month that Rocket Lab has also expanded its operations in Auckland and Mahia, and is on a recruiting drive to add another 110 staff to its local operation (which currently numbers 600; including its North American staff, Rocket Lab now employs 1400).Its current quarter has seen Rocket Lab launch back-to-back missions for US military intelligence agency the National Reconnaissance Office, and land a contract to supply components for an upgrade to the US military's missile defence system.Rocket Lab reverse-listed at US$10.00 per share last August, and surged as high as US$18.69 before getting caught in the tech wreck downdraft.The firm got a shot in the arm earlier this week with a positive write-up in the Wall Street Journal's influential \"Heard on the Street\" column.The paper praised Rocket Lab's logistical and financial performance and said it should benefit further from a rise in US defence and aerospace spending with Russia's Soyuz off the table (Rocket Lab is now weighing the possibility of building three Neutron rockets in 2024 rather than one).It said Rocket Lab revenue rose 124 per cent to US$41m in the first-quarter (with a pipeline of US$550m of orders) and says its \"responsive launch\" capability was genuine.\"Shortly after Ukraine war, satellite-intelligence firm BlackSky asked Rocket Lab for an orbit change just days before it was due to launch, in order to place its satellites more directly over the conflict zone. While changing such missions has traditionally taken months, Rocket Lab pulled it off in 45 days,\" the Journal says.So why have Rocket Lab's shares been languishing? Today the stock closed flat at US$5.44 for a US$2.5b market cap. It listed in August last year at US$10.00.The Journal said people looked down their noses at firms that went public via a special purpose acquisition corporation (a vehicle for reverse-listing).It saw the Kiwi-American firm being unfairly lumped in with other aerospace companies that went public through SPACs, most of which were essentially pre-revenue.\"When investors finally come around to discriminating between former SPACs, they may realise that Rocket Lab has long achieved escape velocity.\"","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[{"id":9999885226,"gmtCreate":1660519674468,"gmtModify":1676533482408,"author":{"id":"4100826296170720","authorId":"4100826296170720","name":"a1g2r","avatar":"https://community-static.tradeup.com/news/f59a9110e7f894cf1b74d669b579c9eb","vip":1,"crmLevel":5,"crmLevelSwitch":1},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9999885226","repostId":2258754955,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9999396962,"gmtCreate":1660459656258,"gmtModify":1676533475485,"author":{"id":"3584224743159029","authorId":"3584224743159029","name":"ppp00","avatar":"https://static.tigerbbs.com/da2244bab9d4a7395c345d07997e6f44","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":6,"crmLevelSwitch":1},"htmlText":"Please help to like&nbsp;","listText":"Please help to like&nbsp;","text":"Please help to like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9999396962","repostId":2258754955,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9990066535,"gmtCreate":1660264727730,"gmtModify":1676532518660,"author":{"id":"3572176137415007","authorId":"3572176137415007","name":"Abundance Thankful","avatar":"https://community-static.tradeup.com/news/2a9973f43d868ce14c84b9145e60a586","vip":1,"crmLevel":3,"crmLevelSwitch":1},"htmlText":"Wow&nbsp;","listText":"Wow&nbsp;","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9990066535","repostId":2258754955,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9990086801,"gmtCreate":1660264211305,"gmtModify":1676532476610,"author":{"id":"3581849551321020","authorId":"3581849551321020","name":"Mich77","avatar":"https://static.tigerbbs.com/e68e0beedd6e067e59c605653c639699","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"read","listText":"read","text":"read","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9990086801","repostId":2258754955,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9990089604,"gmtCreate":1660264020110,"gmtModify":1676532467577,"author":{"id":"4093062418763840","authorId":"4093062418763840","name":"asr68","avatar":"https://static.tigerbbs.com/a0e56f102b3b45e4640046df52637852","vip":1,"crmLevel":2,"crmLevelSwitch":1},"htmlText":"Tks","listText":"Tks","text":"Tks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9990089604","repostId":2258754955,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9990010752,"gmtCreate":1660263484987,"gmtModify":1676532436298,"author":{"id":"3582000520700468","authorId":"3582000520700468","name":"Worpeng2002","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9990010752","repostId":2258754955,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9990031897,"gmtCreate":1660263175422,"gmtModify":1676532425710,"author":{"id":"3581595172436790","authorId":"3581595172436790","name":"alod","avatar":"https://static.tigerbbs.com/dfd3f29585ed00df555c839652af67bf","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":6,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9990031897","repostId":2258754955,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9990098838,"gmtCreate":1660262770227,"gmtModify":1676532412225,"author":{"id":"4087932884013320","authorId":"4087932884013320","name":"BlueDragon","avatar":"https://static.tigerbbs.com/431c326e19a16844e147d10866565f27","vip":1,"crmLevel":2,"crmLevelSwitch":1},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9990098838","repostId":2258754955,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9990007259,"gmtCreate":1660262570574,"gmtModify":1676532403955,"author":{"id":"3572240910775763","authorId":"3572240910775763","name":"Williamw","avatar":"https://static.tigerbbs.com/ecafced5a6c16b176940098e09cf69b6","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9990007259","repostId":2258754955,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9990000262,"gmtCreate":1660262081358,"gmtModify":1676532373006,"author":{"id":"3584181364237610","authorId":"3584181364237610","name":"TanGK","avatar":"https://static.tigerbbs.com/7657dc9aedb1d8e2aedc1a6d39a912cb","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Liked","listText":"Liked","text":"Liked","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9990000262","repostId":2258754955,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":125,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}