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Benzinga

Business

Akanksha Bakshi

Rocket Lab USA Shares Slide On Q1 Revenue Guidance Cut

Rocket Lab RKLB Electron Nasdaq NYSE

Rocket Lab USA Inc (NASDAQ:RKLB) announced the launch window for its next Electron mission, a dedicated mission for Blacksky Technology Inc (NYSE:BKSY) through global launch services provider Spaceflight Inc., begins April 1, 2022, UTC.
The delay in launch window opening is weather related and will result in this mission and its related revenue being recognized in Rocket Lab’s 2Q22.
To reflect the above, Rocket Lab updated its expected 1Q22 revenue outlook range to ~$40 million (versus a consensus of $45.28 million), from previously provided of $42 million to $47 million on February 28, 2022.
Price Action: RKLB shares are trading lower by 3.47% at $8.34 and BKSY higher by 0.56% at $1.81 during the post-market session on Thursday.

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