Rocket Lab GAAP EPS of -$0.08 beats by $0.02, revenue of $106.25M misses by $1.06M

For the third quarter of 2024, Rocket Lab expects:

• Revenue between $100 million and $105 million vs $110.54M consensus
• Space Systems revenue between $79 million and $84 million.
• Launch Services revenue of approximately $21 million.
• GAAP Gross Margins between 25% and 27%.
• Non-GAAP Gross Margins between 30% and 32%.
• GAAP Operating Expenses between $80 million and $82 million.
• Non-GAAP Operating Expenses between $69 million and $71 million.
• Expected Interest Expense (Income), net $1 million.
• Adjusted EBITDA loss of $31 million to $33 million.
• Basic Shares Outstanding of 498 million.