Record revenue, added contract wins


An Electron rocket launches from the company’s New Zealand facility on Nov. 4, 2022.

Rocket Lab

Rocket Lab delivered quarterly results on Wednesday that boasted record revenue, with the space company tacking on additional contract wins across its business.

“The quarter ended strongly for Rocket Lab,” CEO Peter Beck said on the company’s conference call with investors.

The company reported third-quarter revenue of $63.1 million, up 14% from the second quarter, with an adjusted EBITDA loss of $6.9 million – which was 62% lower than the third quarter a year ago. It had $333.3 million in cash on hand at the quarter’s end.

Rocket Lab stock is down 61% this year as of Wednesday’s close of $4.74 a…

Source cnbc.com

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