Rocket Lab USA, Inc. (RKLB) experienced a significant 10.04% plunge in after-hours trading on Thursday, following the release of its weaker-than-expected fourth-quarter 2024 results and soft guidance for the first quarter of 2025.
The space launch company reported Q4 2024 revenue of $132.39 million, narrowly missing the analyst consensus estimate of $130.58 million. While Rocket Lab met the earnings per share (EPS) estimate of -$0.10, its net loss remained substantial at -$52.3 million, highlighting ongoing financial challenges.
Furthermore, the company's guidance for Q1 2025 fell short of expectations, with projected revenue between $117 million and $123 million, below the consensus estimate of $135.67 million. This weaker outlook, coupled with the company's disappointing Q4 performance, weighed heavily on investor sentiment.