Rocket Lab reports Q2 EPS (10c), consensus (9c)

Reports Q2 revenue $62.05M, consensus $61.79M. Rocket Lab founder and CEO, Peter Beck, said: “The second quarter saw strong performance across Rocket Lab’s launch and space systems businesses with three successful Electron launches, more than 17 spacecraft featuring Rocket Lab satellite components deployed to orbit, and multiple new launch contracts signed with new and returning customers. We were able to deploy two successful missions from Launch Complex 1 in New Zealand for NASA, then follow it up days later with a successful first launch of our new HASTE suborbital hypersonic testbed rocket from Launch Complex 2 in Virginia, which is testament to the experienced team and infrastructure we’ve put in place to enable rapid, reliable and repeatable launch. Over the same period, our team delivered near record numbers of satellite components to commercial and government customers and is successfully operating the first of four Rocket Lab-designed and built spacecraft on orbit to enable in-space pharmaceutical manufacturing. We also achieved some major development milestones for Neutron in the second quarter, including completion of the second stage qualification tank. Earthworks are also underway for Neutron’s launch pad, with construction scheduled to commence in the third quarter, marking an exciting new era in Neutron’s path to first launch next year.”