Here's Why 69% Growth Wasn't Good Enough for Rocket Lab Stock
Rocket Lab USA(RKLB) fool.com·2024-05-30 04:03
Rocket Lab isn't profitable yet, but it's on the right path. Small rocket-maker Rocket Lab (RKLB -5.01%) is performing impressively -- accelerating rocket launches faster than SpaceX, growing its revenue 69% year over year, and inching ever closer to profitability. And yet investors may be curious: Why is Rocket Lab stock down more than 50% since its 2021 IPO? Rocket Lab Q1 earnings report Rocket Lab reported earnings on Monday, May 6. The company reported 69% sales growth to $92.8 million, with losses slim ...