Earnings

Rocket Lab (RKLB) Q4 2022 earnings

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Electron rockets undergo preparation for launch.

Rocket Lab

Rocket Lab said Tuesday it has doubled its order backlog — from about $241 million in contracts at the end of 2021 to $503.6 million at the end of 2022 — and made progress on the Neutron rocket it’s developing.

“2022 we are generally very, very happy with, and what’s important to me is that we did what we said we’re going to do,” Rocket Lab CEO Peter Beck told CNBC.

“We pride ourselves on executing and we’ll back ourselves to execute this year,” Beck added.

The space company also reported fourth-quarter revenue of $51.8 million, up 88% from a year prior, with an adjusted EBITDA loss of $14.5 million – which was 75% wider than…



Source cnbc.com

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