Rocket Lab Surprises with Q4 Sales but Stock Drops
Rocket Lab announced better-than-expected revenue in Q4 CY2024, with sales up 121% year on year to $132.4 million, but next quarter's revenue guidance fell short of analyst estimates. The company's GAAP loss of $0.10 per share was in line with analysts' consensus estimates. Rocket Lab's strong performance in launching small satellites and securing new contracts is expected to drive its growth.
- The surprise in Q4 sales may indicate that Rocket Lab has been able to optimize its launch cadence, leading to increased efficiency and competitiveness in the small satellite launch market.
- Will Rocket Lab be able to maintain this momentum by delivering on its ambitious plans for a constellation-class satellite platform and expanding into new markets?