Rocket Lab posts US$32.5m net loss despite revenue increase

The loss was despite an annual revenue increase of 237%. (Image: Rocket Lab)

Thu, 09 Sep 2021

Rocket Lab's first result after listing on the Nadaq showed a hefty loss despite a massive jump in revenue.The New Zealand founded, US-based space company said the net loss for the six months ended June 30 was US$32.5 million despite a 237% increase in revenue versus the same period a year earlier. The loss figure was up 39% from US$23.8m in the same period in 2020. The company’s revenue of US$29.5 million compared to US$8.8m in the same period a year earlier. It is the first time the business has reported financial res...

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