Rocket Lab Sees Q3 Revenue $100M-$105M vs $108.41M Est.; Sees Q3 Adjusted EBITDA Loss $31M-$33M
Portfolio Pulse from Benzinga Newsdesk
Rocket Lab has provided its Q3 revenue guidance, expecting $100M-$105M, which is below the estimated $108.41M. The company also anticipates an adjusted EBITDA loss of $31M-$33M.
August 08, 2024 | 9:18 pm
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Rocket Lab's Q3 revenue guidance of $100M-$105M falls short of the $108.41M estimate, and the company expects an adjusted EBITDA loss of $31M-$33M.
The lower-than-expected revenue guidance and anticipated EBITDA loss are likely to negatively impact investor sentiment and the stock price in the short term.
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