Rocket Lab reports 392% YoY revenue jump

Backlog decreased 2.7% from Q1

Launch provider Rocket Lab (NASDAQ: RKLB) on Thursday reported second-quarter revenue of $55.5 million, up 392% year over year. With the recognized record revenue, the company’s backlog fell to $531.4 million, a $14.5 million (2.7%) decrease from the previous quarter. Space systems comprised 66% of Long Beach, Calif.-based Rocket Lab’s revenue, largely thanks to its […]

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