Rocket Lab Usa, Inc. ( (RKLB) ) has released its Q4 earnings. Here is a breakdown of the information Rocket Lab Usa, Inc. presented to its investors.
Rocket Lab USA, Inc., a prominent player in the aerospace industry, specializes in providing comprehensive launch services and space systems, with a focus on delivering reliable and cost-effective access to space. The company is known for its Electron small orbital launch vehicle and is developing the Neutron launch vehicle for larger missions.
Rocket Lab has reported its financial results for the fourth quarter and full year of 2024, showcasing a record revenue of $436.2 million for the year, marking a 78% annual growth. The fourth quarter alone saw a revenue of $132.4 million, representing a 121% year-on-year increase. The company has also secured over $450 million in new contracts and made significant progress in its Neutron program, setting the stage for its debut launch in the latter half of 2025.
Key highlights from the report include a record 16 Electron launches in 2024, a 60% increase from the previous year, and a robust launch manifest for 2025. Rocket Lab has also introduced a new satellite platform named Flatellite, designed for mass manufacture and aimed at national security, defense, and commercial markets. Additionally, the company has made strides in its space systems, with successful missions and advancements in U.S. national defense programs.
Looking ahead, Rocket Lab anticipates continued growth with projected revenues between $117 million and $123 million for the first quarter of 2025. The company remains focused on expanding its launch capabilities and advancing its strategic initiatives, including the development of the Neutron launch vehicle and the potential operation of its own satellite constellation.