Rocket Lab Cuts Q3 Guidance On Satellite Launch Mission's Premature Termination
Portfolio Pulse from Lekha Gupta
Rocket Lab USA Inc (RKLB) has reduced its Q3 FY23 financial outlook following a premature termination of its 41st mission launch. The company has lowered its Q3 revenue outlook to $66 million-$68 million, down from the previous $73 million-$77 million. The company also cut its adjusted gross margin expectations to 26%-28% from 28%-30%. The outlook reflects the postponement of a scheduled Electron mission launch as the company investigates the in-flight anomaly.
September 27, 2023 | 12:18 pm
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Rocket Lab USA Inc (RKLB) has reduced its Q3 FY23 financial outlook due to a premature termination of its 41st mission launch. This has led to a reduction in the company's revenue outlook and adjusted gross margin expectations.
The premature termination of Rocket Lab's 41st mission launch has led to a reduction in the company's Q3 FY23 financial outlook. This includes a reduction in the company's revenue outlook and adjusted gross margin expectations. This news is likely to negatively impact the company's stock price in the short term.
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