NASDAQ$RKLB

Rocket Lab Corp · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Announced fourth quarter and full year 2022 financial results, and issued guidance for the first quarter 2023

Rocket Lab reported Q4 2022 revenue of $51.8 million, an 88% increase year-over-year, and FY 2022 revenue of $211 million, representing full-year growth of 239%. The company achieved a record of nine launches within the year and 100% mission success for Electron launches.

  • Q4 2022 revenue reached $51.8 million, reflecting an 88% increase year-over-year.
  • Fiscal 2022 revenue amounted to $211 million, demonstrating a full-year growth of 239%.
  • The company achieved a new record of nine launches within a calendar year.
  • Electron launches maintained a 100% mission success rate for the year.

Headline financials

Total Revenue

$51.8M

Previous: $27.5M+88.2%
EPS (adj)

-$0.08

Previous: $0.01-900.0%
Capital Expenditures

$15M

Previous: $14.3M+5.2%
Free Cash Flow

-$33.9M

Previous: -$36.2M+6.2%
Net Income

-$37.2M

Previous: $3.2M-1264.2%
Operating Income

-$37.2M

Previous: -$24.3M-53.0%
Gross Profit

$1.83M

Previous: $6.6M-72.3%
Cash & Equivalents

$243M

Previous: $691M-64.9%
Total Assets

$989M

Previous: $981M+0.8%
Stock-Based Comp

$12.3M

Previous: $8.38M+47.1%

Revenue & EPS history

Rocket Lab · Revenue · Quarterly

$51.8M

Q4 2022+88.2%vs Q4 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Rocket Lab · $65M total across 2 segments · Q3 2023

  • Space Systems (Product)
    $48.5M+42.6%
  • Launch Services (Service)
    $16.5M-2.9%

Forward guidance

For the first quarter of 2023, Rocket Lab expects revenue between $51 million and $54 million, Launch Services revenue of approximately $19 million, and Space Systems revenue of between $32 million to $35 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 Q4 2022

Historical avgQ4 2022

+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

Earnings price reactions
QuarterReport dateReaction (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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