NASDAQ$RKLB
Rocket Lab Corp · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Rocket Lab's Q3 2024 financial results were announced, revealing a 55% year-on-year revenue growth and providing guidance for record revenue in Q4.
Rocket Lab reported a strong Q3 2024 with revenue growing 55% year-over-year to $105 million. The company's backlog stands at $1.05 billion, driven by successes across small and medium launch, as well as space systems. They anticipate a strong finish to the year, projecting record revenue for Q4.
- Revenue grew 55% year-on-year to $105 million.
- Backlog reached $1.05 billion, indicating strong demand.
- Signed a launch service agreement for multiple Neutron launches with a confidential commercial satellite constellation customer.
- Achieved a new annual launch record of 12 Electron launches to date.
Headline financials
Revenue & EPS history
Rocket Lab · Revenue · Quarterly
$105M
Revenue by segment
Rocket Lab · $65M total across 2 segments · Q3 2023
- Space Systems (Product)$48.5M+42.6%74.6%
- Launch Services (Service)$16.5M-2.9%25.4%
Forward guidance
Rocket Lab anticipates revenue between $125 million and $135 million for the fourth quarter of 2024.
Tailwinds
- Revenue between $125 million and $135 million.
- GAAP Gross Margins between 26% and 28%.
- Non-GAAP Gross Margins between 32% and 34%.
- GAAP Operating Expenses between $84 million and $86 million.
- Non-GAAP Operating Expenses between $75 million and $77 million.
Headwinds
- Adjusted EBITDA loss of $27 million and $29 million.
- Stock-based compensation is currently expected to range from $12 million to $14 million in Q4 2024.
- Expected Interest Expense (Income), net $1.5 million.
- Without unreasonable efforts, we are unable to predict with reasonable certainty the amount and timing of adjustments that are used to calculate these non-GAAP financial measures, particularly related to stock-based compensation and its related tax effects.
- Basic Shares Outstanding of 501 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2024
+1.8%
Avg return
Earnings day
+2.6%
Avg return
5 days after
+3.2%
Avg return
30 days after
50%
11 / 22 earnings
Positive
+27.4%
Q3 2024
Best reaction
-11.2%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -7.2% | +38.6% | +30.0% | |
| Q4 2025 | +1.3% | -1.0% | -16.1% | |
| Q3 2025 | -6.8% | -12.3% | +22.4% | |
| Q2 2025 | +1.1% | -2.7% | +3.7% | |
| Q1 2025 | -11.2% | +4.5% | +25.2% | |
| Q4 2024 | +3.3% | +2.9% | -6.1% | |
| Q3 2024 | +27.4% | +28.6% | +52.8% | |
| Q2 2024 | +17.2% | +14.2% | +26.9% | |
| Q1 2024 | -0.7% | +2.8% | +11.0% | |
| Q4 2023 | +0.4% | -0.7% | -10.1% | |
| Q3 2023 | -4.9% | -3.8% | +6.7% | |
| Q2 2023 | -2.1% | -4.1% | -4.1% | |
| Q1 2023 | +7.0% | +7.0% | +37.1% | |
| Q4 2022 | -4.1% | -0.4% | -13.9% | |
| Q3 2022 | +3.9% | +1.0% | -21.7% | |
| Q2 2022 | +22.6% | +14.2% | -3.5% | |
| Q1 2022 | -3.4% | -19.3% | -26.1% | |
| Q2 2021 | -9.1% | -5.4% | -12.0% | |
| Q4 2021 | -3.7% | -11.1% | -14.3% | |
| Q3 2021 | +7.7% | +7.9% | -12.1% | |
| Q1 2021 | -1.0% | -0.2% | +3.1% | |
| Q4 2020 | +0.7% | -3.2% | -8.2% | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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