Rocket Lab Announces Third Quarter 2024 Financial Results, Posts 55% Year-on-Year Growth and Guides to Record Revenue in Q4
Posted: Nov 12, 2024
- Rocket Lab posted a 55% year-on-year revenue growth to $105 million in the third quarter of 2024
- Electron rockets achieved a new annual launch record of 12 launches and signed new contracts worth $55 million
- Neutron signed a launch service agreement for multiple launches and made significant progress in infrastructure and engine testing
- Space Systems completed spacecraft production and delivery for various missions, including a study contract with NASA for a Mars sample return mission.
- Rocket Lab (NASDAQ: RKLB) shared financial results for Q3 2024
- Revenue grew 55% year-on-year to $105 million, backlog at $1.05 billion
- Achieved a new annual launch record of 12 Electron launches
- Signed new Electron launch contracts worth $55 million
- Neutron signed launch service agreement with commercial satellite operator and a federal defense contract
- Completed production and delivery of spacecraft for NASA's Mars mission
- Expecting record revenue of $125-$135 million in Q4 2024
- Conference call scheduled for investors to discuss financial results and outlook
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