πŸš€πŸš€ ROCKET LAB πŸš€πŸš€ RKLB πŸš€πŸš€ Half year results DD - Officially going to Mars, literally πŸš€πŸš€

Alright Apes, this is following on from my DD a few days ago, RKLB price has grown about 40% since then. Results have just been announced and there's some real nice stuff in there, I've tried to condense it a bit below and highlight the best bits. Revenue is not that high and this is to be expected, they're a growing company furiously investing in their future. Still profitable though which can't be said of SPCE, ASTR and Blue Origin. Backlog has shot up (137%), lots of work to keep them busy and keep the money coming in. The most important thing is the amount of diversification. Their Space Systems business has grown significantly. They are quickly becoming a full service launch provider. You could argue they're more diverse than Space X in some regards. This is why I think they're such a safe long term bet. In the short term though, as more people are learning about them, the price is shooting up so there is money to be made. I'm personally targeting $30 a share short term and even that is conservative as that still values them well under SPCE at its' peak, and SPCE is nowhere near as valuable a stock as RKLB ​ Revenue of $29.5M, representing 237% Year-on-Year revenue growth, accompanied by an expansion in gross margins from negative 67% to a positive 13%. Increasing diversity in revenue, with Space Systems contributing 18% of total revenue in the period, compared to 3% in the prior year, accompanied with gross margins of 65%. Backlog grew 136% Year-on-Year to $141.4 million as of June 30, 2021 as compared to backlog of $59.9 million as of June 30, 2020. ​ Entered into a contract with Varda Space Industries to manufacture and operate three Photon spacecraft to enable in-space manufacturing. Entered into a contract with BlackSky Global for five Electron launches to support their constellation growth. Entered into a study contract for a Mars mission that will see Rocket Lab develop two Photon spacecraft in support of the University of California, Berkeley Space Sciences Laboratory for a NASA science mission. Successfully recovered an Electron booster for the second time, further advancing the program to make Electron a reusable launch vehicle to increase launch cadence and reduce cost per mission. ​ Since June 30, 2021 Rocket Lab also: Entered into a contract with KinΓ©is for five Electron launches to deploy their entire constellation of 25 satellites. Signed launch services agreements to deploy satellites for Alba Orbital and Aurora Propulsion Technologies. Began construction on a new high volume production line capable of producing up to 2,000 reaction wheels per year to support a growing number of contracts with constellation customers. ​ positions: 500 shares/average $10.50

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Original Post

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cheese_and_toasted

Sep 9, 2021

-14.14%

Change % Since Posting

18.11

Price When Posted

-2.56

Change Since Posting

RKLB

Rocket Lab USA Inc

15.55

-0.34
-2.14%
Current Price

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πŸš€πŸš€ ROCKET LAB πŸš€πŸš€ RKLB πŸš€πŸš€ Half year results DD - Officially going to Mars, literally πŸš€πŸš€

bullish

Alright Apes, this is following on from my DD a few days ago, RKLB price has grown about 40% since then. Results have just been announced and there's some real nice stuff in there, I've tried to condense it a bit below and highlight the best bits.

Revenue is not that high and this is to be expected, they're a growing company furiously investing in their future. Still profitable though which can't be said of SPCE, ASTR and Blue Origin. Backlog has shot up (137%), lots of work to keep them busy and keep the money coming in.

The most important thing is the amount of diversification. Their Space Systems business has grown significantly. They are quickly becoming a full service launch provider. You could argue they're more diverse than Space X in some regards. This is why I think they're such a safe long term bet. In the short term though, as more people are learning about them, the price is shooting up so there is money to be made. I'm personally targeting $30 a share short term and even that is conservative as that still values them well under SPCE at its' peak, and SPCE is nowhere near as valuable a stock as RKLB

​

Revenue of $29.5M, representing 237% Year-on-Year revenue growth, accompanied by an expansion in gross margins from negative 67% to a positive 13%.

Increasing diversity in revenue, with Space Systems contributing 18% of total revenue in the period, compared to 3% in the prior year, accompanied with gross margins of 65%.

Backlog grew 136% Year-on-Year to $141.4 million as of June 30, 2021 as compared to backlog of $59.9 million as of June 30, 2020.

​

  • Entered into a contract with Varda Space Industries to manufacture and operate three Photon spacecraft to enable in-space manufacturing.
  • Entered into a contract with BlackSky Global for five Electron launches to support their constellation growth.
  • Entered into a study contract for a Mars mission that will see Rocket Lab develop two Photon spacecraft in support of the University of California, Berkeley Space Sciences Laboratory for a NASA science mission.
  • Successfully recovered an Electron booster for the second time, further advancing the program to make Electron a reusable launch vehicle to increase launch cadence and reduce cost per mission.

​

Since June 30, 2021 Rocket Lab also:

  • Entered into a contract with Kinéis for five Electron launches to deploy their entire constellation of 25 satellites.
  • Signed launch services agreements to deploy satellites for Alba Orbital and Aurora Propulsion Technologies.
  • Began construction on a new high volume production line capable of producing up to 2,000 reaction wheels per year to support a growing number of contracts with constellation customers.

​

positions: 500 shares/average $10.50

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read-time
2 min

20.00

Target Price

6/ 10

Confidence

1-2 Months

Timeframe
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