Rocket Lab has reported a bigger half-year loss despite a lift in revenue, and is warning that New Zealand's lockdowns will dent its second half earnings.
Company founder and chief executive Peter Beck. Photo: Supplied / Rocket Lab
The company's net loss for the six months ended June was $US32.5 million compared with a $US23.5m loss the year before.
Company founder and chief executive Peter Beck accentuated the positive.
"In the first half of 2021, we continued our track record of consistent execution across launch and space systems, further establishing Rocket Lab as a new breed of end-to-end space company."
Revenue more than trebled to $US29.5m, but the company said it expected the second half of the year to be softer.
"Despite our manifest supporting up to five launches and $US40m in revenue, we are forecasting Q4 revenue to be $US17 million to $US20m assuming New Zealand Covid-19 restrictions ease prior to the end of September, " the company said in a presentation.
Full-year revenue was forecast at between $US50m and $US54m.
It said it expected the latest New Zealand lockdowns would cost the company between $US10m to $US15m. Its Auckland control centre is shut preventing launches from its Mahia site.
Rocketlab shares, which listed in late August on the US Nasdaq exchange, have gained in the past week climbing comfortably above its listing price of $US11.50.