Press Release: Rocket Lab Announces Third Quarter 2024 Financial Results, Posts 55% Year-on-Year Growth and Guides to Record Revenue in Q4

Dow Jones
13 Nov 2024
 costs                 (23)         (142)          (407)          (311) 
Performance 
 reserve escrow         --        (1,724)            --         (5,217) 
Change in fair 
 value of 
 contingent 
 consideration          --           462            218         (1,138) 
Employee 
 retention 
 credit                 --            --             --          1,711 
                   -------       -------       --------       -------- 
Non-GAAP 
 Operating 
 expenses         $ 68,743      $ 39,813      $ 183,696      $ 123,384 
                   =======       =======       ========       ======== 
 
GAAP Operating 
 loss             $(51,899)     $(38,859)     $(138,252)     $(130,035) 
Total non-GAAP 
 adjustments        15,944        18,981         49,340         56,101 
                   -------       -------       --------       -------- 
Non-GAAP 
 Operating loss   $(35,955)     $(19,878)     $ (88,912)     $ (73,934) 
                   =======       =======       ========       ======== 
 
GAAP Total other 
 income 
 (expense), net   $    904      $   (357)     $     511      $     600 
Loss on foreign 
 exchange              490           120            465             76 
(Gain) loss on 
 disposal of 
 assets             (1,164)          213         (2,356)           240 
Loss on 
extinguishment 
of debt                 --            --          1,330             -- 
                   -------       -------       --------       -------- 
Non-GAAP Total 
 other income 
 (expense), net   $    230      $    (24)     $     (50)     $     916 
                   =======       =======       ========       ======== 
 

View source version on businesswire.com: https://www.businesswire.com/news/home/20241112640424/en/

 
    CONTACT:    + Rocket Lab Investor Relations Contact 

Adam Spice

investors@rocketlabusa.com

+ Rocket Lab Media Contact

Murielle Baker

media@rocketlabusa.com

 
 

(END) Dow Jones Newswires

November 12, 2024 16:15 ET (21:15 GMT)

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