very nice move in Rocket Lab

    Posted by matt on 9th of Sep 2021 at 03:12 pm

    RKLB - Chart Link- been in a small position in this one since July with plans to hold it longer term. Wish I had added to that position since that time but anyway it's been 'rocketing' higher here lately

    their financial report was very positive and is why it's been going up hard short term - obviously very extended now short term

    https://www.businesswire.com/news/home/20210908006048/en/Rocket-Lab-Provides-First-Half-2021-Financial-Results-Update 

    • 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.

    Nice! Congrats

    Posted by jj4376jc on 9th of Sep 2021 at 03:23 pm

    Nice! Congrats

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