Rocket Lab earnings fall after launch 'anomaly'

Rocket Lab’s next launch, scheduled before the end of the third quarter, has been postponed. (Image: Rocket Lab))

Wed, 27 Sep 2023

Rocket Lab has cut its third-quarter revenue from between US$73 million (NZ$122.7m) to US$77m to a US$66m-$68m range following its failed flight on Sept 19.The Nasdaq-listed firm also reduced its gross margin guidance from 21-23% to 18-20%.The company said it did not expect any material incremental expenses to be recognised in Q3 2023 as a result of the “anomaly”– the “anomaly” being the New Zealand-American company’s term for the fault that caused the failure of the Sept 19 “We Will Never Desert Y...

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