Summary by Moomoo AI
Rocket Lab, an end-to-end space company, has reported a year-on-year revenue increase of approximately 16% for the fiscal year ended December 31, 2023, with revenues rising from $211.0 million in 2022 to $244.6 million in 2023. The growth was primarily attributed to a $22.7 million increase in space system products and services and an $11.2 million increase due to a higher launch cadence. The company launched ten vehicles in 2023 compared to nine in 2022. Despite the revenue growth, Rocket Lab experienced a net loss of $182.6 million in 2023, which was larger than the $135.9 million net loss in 2022. The company's backlog as of December 31, 2023, totaled $1,046.1 million, with $248.3 million related to Launch and $797.8 million to Space Systems.
Rocket Lab's business development has been robust, with the company...Show More