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Rocket Lab USA Inc (NASDAQ:RKLB) reported fourth-quarter financial results after the market close on Thursday. Here’s a look at the key metrics from the quarter.
Q4 Earnings: Rocket Lab reported fourth-quarter revenue of $132.39 million, beating the consensus estimate of $130.58 million. The end-to-end space company reported a fourth-quarter loss of 10 cents per share, in line with analyst estimates, according to Benzinga Pro.
Total revenue was up 121% on a year-over-year basis. The company said it achieved a record 16 Electron launches in 2024, up 60% year-over-year.
Rocket Lab ended the quarter with approximately $271 million in cash and cash equivalents, up from $162.5 million in the prior year’s quarter.
“2024 was a record-setting …
