Rocket Lab Announces Fourth Quarter and Full Year 2021 Financial Results, Issues Guidance for the First Quarter 2022

  • $2.8 million net income for fourth quarter
  • $117.75 million net loss for the year
  • $27.5 million in revenues for fourth quarter
  • $62.2 million in revenues for the year

LONG BEACH, Calif. (Rocket Lab PR) — Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today announced financial results for its fiscal fourth quarter and full year ended December 31, 2021.

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CNES Hails Success of France’s 1st Industrial Nanosatellite

Illustration of the Angels nanosatellite. (Credits: © NES / ill. / DUCROS David, 2018)

PARIS (CNES PR) — 2 years in orbit: success for the 1st French industrial nanosatellite, ANGELS, designed by Hermia, Thales Alenia Space and Syrlinks with the support of CNES and extension of its operational life!

Triumph for ANGELS, the 1st French industrial nanosatellite designed by Hemeria in collaboration with CNES, which is celebrating its two years in orbit, thus marking the end of the initial contractual commitment signed between the two partners.

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FCC Approves Market Access for Kineis Low-Earth Orbit Satellites to Support Internet of Things

WASHINGTON, November 18, 2021—The Federal Communications Commission today granted a petition from French satellite company Kinéis to offer satellite services in the U.S. market. As detailed in the company’s application, the proposed constellation of 25 small, low-Earth orbit satellites would provide connectivity for Internet of Things devices, as well as enhancements to maritime domain awareness through monitoring of maritime communication.

Kinéis petitioned the Commission for access to the U.S. market using frequencies of the non-voice, non-geostationary (NVNG) mobile-satellite service (MSS) and earth exploration satellite service (EESS) through a constellation of satellites that will be authorized by France. Adoption of this Order and Declaratory Ruling will facilitate Kinéis’s efforts to develop a satellite system to provide connectivity for IoT devices. It grants Kinéis market access in the 399.9-400.05 MHz and 401-403 MHz uplink bands, and the 400.15 401 MHz downlink band, subject to certain conditions and other requirements including the outcome of future Commission proceedings such as the orbital debris proceeding. Five of Kinéis’s satellites will actively monitor certain signals in the 156.7625-162.0375 MHz band transmitted by stations in the maritime service.

The Kinéis system would also be part of implementing the next generation Argos data collection system, an existing worldwide network of data collection satellites cooperatively managed by France’s space agency, CNES, along with NASA and NOAA.

Action by the Commission November 18, 2021 by Order and Declaratory Ruling (FCC 21-18). Chairwoman Rosenworcel, Commissioners Carr, Starks, and Simington approving.

Rocket Lab Announces Third Quarter 2021 Financial Results, Issues Guidance for Fourth Quarter

Electron launches with OHB satellite. (Credit: Rocket Lab webcast)

Q3 2021 Financial Results Highlights

  • Revenue above high end of prior guidance range at $5.3 million
  • Backlog increased from $141 million at June 30, 2021 to $183 million as of September 30, 2021, and currently stands at $237 million as of November 15, 2021
  • Space Systems revenue in the third quarter 2021 grew 360% over the same quarterly period in 2020 to represent 27% of total revenue for the nine months ended September 30, 2021
  • Successfully completed the merger with Vector Acquisition Corporation resulting in ending cash balance at September 30, 2021 of $792.7 million

Q4 2021 Guidance

  • Revenue to range between $23 million to $25 million
  • GAAP and non-GAAP gross margins of 13 percent and 27 percent, respectively
  • GAAP and non-GAAP operating expenses between $24 million to $26 million, and $19 million to $21 million, respectively
  • GAAP Net Loss between $24 million and $26 million, and Adjusted EBITDA loss of $9 million to $11 million, which reflects adjustments for stock-based compensation, 3rd party fees associated with M&A activity, depreciation and amortization, FX gains and losses, interest expense, taxes and other recurring and non-recurring items
  • All of the above exclude any warrant expense impacts from the public and private warrants assumed from the Vector Acquisition Corporation merger that closed on August 25, 2021, and also excludes any impacts from the Advance Solutions Inc. acquisition and related purchase price accounting, and excludes any financial contributions and accounting impacts from the pending Planetary Systems Corporation acquisition announced today

LONG BEACH, Calif. (Rocket Lab PR) — Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems, today announced financial results for its fiscal third quarter ended September 30, 2021.

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Rocket Lab Lands Multi-Launch Deal to Deploy Entire IoT Satellite Constellation for Kinéis

Kineis satellite constellation (Credit: CLS)

The multi-launch contract will see Rocket Lab deploy 25 Internet-of-Things (IoT) satellites across five dedicated missions on the Electron launch vehicle

Long Beach, California. September 08, 2021 (Rocket Lab PR) – Rocket Lab USA, Inc (“Rocket Lab” or the “Company”) (Nasdaq: RKLB), a leading launch provider and space systems company, today announced it has been awarded a contract to deploy an entire satellite constellation across five dedicated Electron missions for Kinéis, a global Internet-of-Things (IoT) connectivity provider. 

Scheduled for launch beginning in the second quarter of 2023, the constellation will enable Kinéis, a company backed by private and public investors including the French government’s space agency CNES (Centre National d’Études Spatiales) and CLS (Collecte Localisation Satellites) an international space-based solutions provider, to improve its global IoT connectivity. The multi-launch contract with Kinéis, which is subject to standard termination and launch rescheduling provisions, follows a similar bulk buy of launches earlier this year to deploy nine satellites across five dedicated Electron missions as part of a constellation for BlackSky, a provider of real-time geospatial intelligence and global monitoring services.

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Demonstrator Satellite for KINEIS IoT Constellation is Operational

Translated from French by Google Translate

PARIS (CNES PR) — ANGELS, put into orbit on December 18, 2019 and equipped with new flight software, has kept its promises: the ANGELS platform now fully performs the missions for which it was designed by HEMERIA in collaboration with CNES.

In-flight testing of the ARGOS-Néo payload developed by Thales and Syrlinks is continuing nominally and will allow the operational use of this new mission on board ANGELS to be declared, which will thus complete the ARGOS system.

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Kinéis Raises 100 Million Euros, Finances Nanosat Internet of Things Constellation

SAINT-AGNES, France (Kineis PR) — Kinéis has reached its capital-raising target of 100 million euros [$110.6 million]. CLS, CNES, Bpifrance via the fund for Industrial Project Companies (SPI), financed by the ‘Investments for the Future’ Programme and the European Investment Bank, Ifremer, Thales, CELAD, BNP Paribas Développement, HEMERIA and other industrial and financial partners are investing in and supporting Kinéis’ ambition to provide universal satellite connectivity.

25 nanosatellites will be added to complement the service which has been provided by the Argos system to scientific and environmental communities for more than 40 years. Kinéis will also develop its activity in the new markets opened up by the IoT.

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Kinéis Announces IoT Strategic Partnerships, Industrial Program

RAMONVILLE SAINT AGNE, France (Kineis PR) — Kinéis, a CLS Group spinoff, a subsidiary of CNES, is proud to announce the signing of two strategic partnerships, one with Objenious, a public IoT operator part of Bouygues Telecom, and another with the Wize Alliance (SUEZ, GRDF, Sagemcom,etc.). These alliances reinforce Kinéis’ position as a strategic player in the Internet of Things.

At the same time, Kinéis, supported by CNES, is reinforcing its technological strategy as supervising manager for the industrial space project to manufacture 25 nanosatellites and place them in orbit. Kinéis relies on Thales Alenia Space to define the system architecture, build ground stations and payloads, and on Hemeria (ex-Nexeya) to build platforms and integrate satellites. Technical specifications have been finalised and satellite production will start on 21 June.

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CLS, CNES Plans Internet of Things Satellite Constellation

Kineis satellite constellation (Credit: CLS)

PARIS (CLS PR) — With the support of CNES, CLS (Collecte Localisation Satellites) is proud to announce the creating of a new subsidiary: Kineis.

By 2030, Kineis plans to connect several million objects around the globe, becoming a leader in the new space race. New Space companies and the general public alike will have access to a global satellite location and connectivity service that is both easy to use and very affordable. This connectivity is being offered by an unprecedented constellation of nanosatellites developed with: Thales Alenia Space, Nexeya and Syrlinks. The constellation will be in orbit by 2021.

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