Overview
- Revenue came in at $155.05 million versus $151.75 million expected, with a loss of $0.03 per share beating the projected $0.11 loss and a record GAAP gross margin of 37%.
- The company projected fourth-quarter revenue of $170 million to $180 million and an adjusted EBITDA loss of $23 million to $29 million.
- Rocket Lab secured 17 Electron launch contracts in the quarter and expects to finish the year with more than 20 launches, topping its prior annual record.
- The medium-lift reusable Neutron rocket is slated to arrive at Launch Complex 3 in the first quarter of 2026, with its first launch targeted thereafter.
- Cash and cash equivalents totaled about $807.88 million at quarter end, and shares rose roughly 8% in after-hours trading, according to Benzinga.