Some thoughts on $RKLB Q3 Earnings:
- $268M revenue is a 73% year-over-year growth. The growth is ACCELERATING despite not having Neutron yet!
- $1.2 Billion ADDED to their backlog in 3 months! Brings their total backlog to over $3 Billion, which is an incredible pipeline to have and shows the 70%+ growth can continue for a LOOOONNNNG TIME!
- Only $515 Million of that $3B+ backlog is Neutron launch contracts. They've been purposely conservative from accepting these. Price of these are going for ~$70 Million, waaaay more than the ~$50M they were hoping to get just a year ago!
- Ended the quarter with $4.4B+ in CASH. Fully funded the Iridium buy-out. The combined company is going to have a lot of unique space assets.
Will have more when I listen to the call.