Rocket Lab (RKLB) Q1 2023 results


Electron rockets undergo preparation for launch.

Rocket Lab

Rocket Lab’s revenue increased slightly in the first quarter, but losses grew as well, as the spacecraft and launch company added a NASA contract and continued to invest in its future Neutron vehicle.

The company reported a net loss of $45.6 million, or 10 cents per share, wider than the net loss of $26.7 million, or 6 cents per share, that it reported a year earlier. On an adjusted EBITDA basis, the company lost $26.2 million, compared with loss of $8 million in the same period a year ago.

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Rocket Lab said an increase in R&D spending for its Neutron rocket and Photon spacecraft drove a rise in…

Source cnbc.com

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