Vector Acquisition Corp Stock Research

Market Summary

USD3.96+0.04

Market Closed

1.02%

RKLB Alerts

1 major insider sales recently.
Big jump in Revenue (Y/Y)
Big fall in earnings (Y/Y)
Losses in recent quarter

RKLB Stock Price

RKLB RSI Chart

RKLB Valuation

Market Cap

1.9B

Price/Earnings (Trailing)

-13.85

Price/Sales (Trailing)

8.92

EV/EBITDA

-17.74

Price/Free Cashflow

-12.64

RKLB Price/Sales (Trailing)

RKLB Profitability

Operating Margin

9.00%

EBT Margin

-63.01%

Return on Equity

-20.19%

Return on Assets

-13.74%

Free Cashflow Yield

-7.91%

RKLB Fundamentals

RKLB Revenue

Revenue (TTM)

211.0M

Revenue Y/Y

88.38%

Revenue Q/Q

-17.91%

RKLB Earnings

Earnings (TTM)

-135.9M

Earnings Y/Y

-1.3K%

Earnings Q/Q

-7.51%

Price Action

52 Week Range

3.489.49

(Low)(High)

Last 7 days

-8.6%

Last 30 days

-16.8%

Last 90 days

-2.7%

Trailing 12 Months

-50.5%

RKLB Financial Health

Current Ratio

4.06

RKLB Investor Care

Shares Dilution (1Y)

5.59%

Diluted EPS (TTM)

-0.29

Financials for Vector Acquisition

Income Statement (Last 12 Months)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	13.0%	210,996,000	186,712,000	128,942,000	84,748,000	62,237,000
Gross Profit	-20.4%	18,990,000	23,845,000	2,927,000	432,000	-1,893,000
Operating Expenses	5.5%	154,194,000	146,157,000	145,532,000	123,012,000	100,160,000
S&GA Expenses	5.9%	89,026,000	84,039,000	86,733,000	74,849,000	58,395,000
R&D Expenses	4.9%	65,168,000	62,118,000	58,799,000	48,163,000	41,765,000
EBITDA	-45.6%	-92,250,000	-63,379,000	-126,306,000	-113,688,000	-109,998,000
EBITDA Margin	-28.8%	-0.44	-0.34	-0.98	-1.34	-1.77
Earnings Before Taxes	-35.6%	-132,946,000	-98,073,000	-154,809,000	-131,544,000	-124,840,000
EBT Margin	-20.0%	-0.63	-0.53	-1.20	-1.55	-2.01
Interest Expenses	11.2%	10,749,000	9,663,000	8,762,000	6,283,000	3,991,000
Net Income	-42.3%	-135,944,000	-95,540,000	-148,899,000	-128,147,000	-117,320,000
Net Income Margin	-25.9%	-0.64	-0.51	-1.15	-1.33	-1.89
Free Cahsflow	1.5%	-148,950,000	-151,177,000	-174,634,943	-125,584,550	-97,490,000

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-1.2%	989	1,001	1,005	1,057	981
Current Assets	-5.3%	662	699	706	746	775
Cash Equivalents	-26.2%	246	333	543	603	691
Inventory	7.1%	92.00	86.00	86.00	78.00	48.00
Net PPE	8.5%	102	94.00	97.00	100	65.00
Goodwill	18.5%	71.00	60.00	58.00	59.00	43.00
Liabilities	1.7%	316	311	291	325	282
Current Liabilities	1.0%	163	161	144	173	96.00
LT Debt, Current	0.7%	3.00	3.00	3.00	3.00	3.00
LT Debt, Non Current	0.7%	100	99.00	99.00	98.00	97.00
Shareholder's Equity	-2.6%	673	691	713	733	698
Retained Earnings	-9.2%	-440	-403	-369	-331	-305
Additional Paid-In Capital	1.3%	1,113	1,099	1,081	1,062	1,002
Accumulated Depreciation	9.4%	30.00	28.00	26.00	22.00	-
Shares Outstanding	5.6%	475	450	450	463	450

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	2.7%	-106	-109	-99.80	-82.65	-71.79
Share Based Compensation	7.6%	56.00	52.00	59.00	43.00	33.00
Cashflow From Investing	2.1%	-346	-353	-170	-159	-92.13
Cashflow From Financing	853.1%	2.00	-0.27	702	814	800
Buy Backs	-	30.00	-	-	-	-

Risks for RKLB

What is the probability of a big loss on RKLB?

81.0%

Probability that Vector Acquisition stock will be more than 20% underwater in next one year

62.0%

Probability that Vector Acquisition stock will be more than 30% underwater in next one year.

52.1%

Probability that Vector Acquisition stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does RKLB drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Vector Acquisition was unfortunately bought at previous high price.

Drawdowns

Returns for RKLB

Cumulative Returns on RKLB

Which funds bought or sold RKLB recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-0.05	-8,641	106,359	-%
2023-03-06	Rockefeller Capital Management L.P.	added	4.62	-	17,000	-%
2023-02-28	Voya Investment Management LLC	added	13.53	185,769	3,801,770	-%
2023-02-24	NATIXIS	sold off	-100	-394,000	-	-%
2023-02-21	MACQUARIE GROUP LTD	sold off	-	-17,000	-	-%
2023-02-21	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	added	63.52	989	3,989	-%
2023-02-15	LAZARD ASSET MANAGEMENT LLC	new	-	141,000	141,000	-%
2023-02-15	Jasper Ridge Partners, L.P.	added	46.65	34,181	131,181	0.01%
2023-02-15	Metropolitan Life Insurance Co/NY	unchanged	-	-3,584	50,416	-%
2023-02-15	ALLIANCEBERNSTEIN L.P.	unchanged	-	-65,763	822,237	-%

Latest Funds Activity

Are funds buying RKLB calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own RKLB

No. of Funds

Vector Acquisition News

Schedule 13G FIlings of Vector Acquisition

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2023	future fund board of guardians	6.18%	29,260,021	SC 13G/A
Feb 09, 2023	vanguard group inc	5.12%	24,223,186	SC 13G
Nov 18, 2022	deer viii & co. ltd.	6.6%	31,134,838	SC 13D/A
Aug 25, 2022	deer viii & co. ltd.	7.6%	35,580,633	SC 13D/A
May 20, 2022	khosla ventures seed b, l.p.	7.5%	34,945,825	SC 13D/A
Mar 17, 2022	khosla ventures seed b, l.p.	10.8%	48,386,526	SC 13D/A
Mar 07, 2022	deer viii & co. ltd.	8.9%	40,026,429	SC 13D/A
Feb 15, 2022	glazer capital, llc	0.0%	0	SC 13G/A
Feb 14, 2022	integrated core strategies (us) llc	0.0%	62	SC 13G/A
Feb 11, 2022	future fund board of guardians	9.43%	42,364,939	SC 13G

RKLB Fair Value

Vector Acquisition fair value in different scenarios

The table shows the Fair Value estimates for Vector Acquisition for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	0.45 -88.64%	0.58 -85.35%	1.08 -72.73%	1.94 -51.01%	3.66 -7.58%
Current Inflation	0.44 -88.89%	0.55 -86.11%	0.99 -75.00%	1.73 -56.31%	3.18 -19.70%
Very High Inflation	0.43 -89.14%	0.52 -86.87%	0.89 -77.53%	1.48 -62.63%	2.64 -33.33%

Historical Vector Acquisition Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Vector Acquisition

View All Filings

Date Filed	Form Type	Document
Mar 13, 2023	4	Insider Trading
Mar 13, 2023	4	Insider Trading
Mar 10, 2023	8-K	Current Report
Mar 07, 2023	10-K	Annual Report
Mar 01, 2023	NT 10-K	NT 10-K
Feb 28, 2023	8-K	Current Report
Feb 13, 2023	SC 13G/A	Major Ownership Report
Feb 09, 2023	SC 13G	Major Ownership Report
Dec 13, 2022	4	Insider Trading
Dec 07, 2022	424B3	Prospectus Filed

Latest Insider Trading transactions for RKLB

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-09	Kampani Arjun	sold	-95,400	4.234	-22,532	see remarks
2023-03-09	Spice Adam C.	sold	-271,776	4.234	-64,189	chief financial officer
2022-12-12	GRIFFIN MICHAEL D	sold	-208,835	4.12	-50,688	-
2022-11-28	GRIFFIN MICHAEL D	sold	-	-	-50,688	-
2022-11-28	GRIFFIN MICHAEL D	acquired	-	-	50,688	-
2022-11-25	Spice Adam C.	sold	-192,681	4.22	-45,659	chief financial officer
2022-11-25	Kampani Arjun	sold	-58,278	4.22	-13,810	see remarks
2022-11-16	Bessemer Venture Partners VIII L.P.	sold	-	-	-8,142,480	-
2022-09-13	O'Donnell Shaun	sold	-1,126,000	5.63	-200,000	evp - global operations
2022-09-09	GRIFFIN MICHAEL D	sold	-	-	-456,190	-

About Vector Acquisition

Peter Beck

www.vectorcapital.com

1180

Rocket Lab USA, Inc., a space company, provides launch services and space systems solutions for the space and defense industries. The company provides launch services, spacecraft engineering and design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions; and constellation management services, as well as designs and manufactures small and medium-class rockets. It also designs, manufactures, and sells Electron small orbital launch vehicles and the Photon satellite platforms, as well as developing the Neutron 8-ton payload class launch vehicle; conducts remote launch activities; and designs and manufactures a range of components and subsystems for the Photon family of spacecraft and broader merchant spacecraft components. The company serves commercial, aerospace prime contractors, and government customers. The company was founded in 2006 and is headquartered in Long Beach, California.

RKLB Income Statement

2022-12-31

Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Revenues	$ 210,996	$ 62,237	$ 35,160
Cost of revenues	192,006	64,130	46,977
Gross loss	18,990	(1,893)	(11,817)
Operating expenses:
Research and development, net	65,168	41,765	19,142
Selling, general and administrative	89,026	58,395	23,993
Total operating expenses	154,194	100,160	43,135
Operating loss	(135,204)	(102,053)	(54,952)
Other income (expense):
Interest expense, net	(7,799)	(6,128)	224
Gain (loss) on foreign exchange	(4,435)	(567)	2,420
Change in fair value of liability classified warrants	13,482	(15,294)	(2,417)
Other income (expense), net	1,010	(798)	187
Total other income (expense), net	2,258	(22,787)	414
Loss before income taxes	(132,946)	(124,840)	(54,538)
Benefit (provision) for income taxes	(2,998)	7,520	(467)
Net loss	(135,944)	(117,320)	(55,005)
Other comprehensive income (loss), net of tax:
Foreign currency translation income	600	253	1,134
Unrealized loss on available-for-sale marketable securities	(772)	0	0
Comprehensive loss	$ (136,116)	$ (117,067)	$ (53,871)
Net loss per share attributable to Rocket Lab USA, Inc.:
Earnings Per Share, Basic	$ (0.29)	$ (0.56)	$ (0.73)
Earnings Per Share, Diluted	$ (0.29)	$ (0.56)	$ (0.73)
Weighted-average common shares outstanding:
Weighted Average Number of Shares Outstanding, Basic	466,214,095	209,895,135	75,414,888
Weighted Average Number of Shares Outstanding, Diluted	466,214,095	209,895,135	75,414,888

RKLB Balance Sheet

2022-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 242,515	$ 690,959
Marketable securities, current	229,276	0
Accounts receivable, net	36,572	13,957
Contract assets	9,451	2,490
Inventories	92,279	47,904
Prepaids and other current assets	52,201	19,454
Total current assets	662,294	774,764
Non-current assets:
Property, plant and equipment, net	101,514	65,339
Intangible assets, net	79,692	57,487
Goodwill	71,020	43,308
Right-of-use assets - operating leases	35,239	28,424
Right-of-use assets - finance leases	15,614	0
Marketable securities, non-current	9,193	0
Restricted cash	3,356	1,116
Deferred income tax assets, net	3,898	5,859
Other non-current assets	7,303	4,550
Total assets	989,123	980,847
Current liabilities:
Trade payables	12,084	3,489
Accrued expenses	8,723	10,977
Employee benefits payable	8,634	8,266
Contract liabilities	108,344	59,749
Current Installments Of Long Term Borrowings	2,906	2,827
Other current liabilities	22,249	10,999
Total current liabilities	162,940	96,307
Non-current liabilities:
Long-term borrowings, excluding current installments	100,043	97,297
Non-current lease liabilities	34,266	28,302
Non-current finance lease liabilities	15,568	0
Deferred tax liabilities	95	466
Public and private warrant liabilities	0	58,227
Other non-current liabilities	3,005	1,800
Total liabilities	315,917	282,399
COMMITMENTS AND CONTINGENCIES (Note 16)
Stockholders’ equity (deficit):
Common stock, value	48	45
Additional paid-in capital	1,112,977	1,002,106
Accumulated deficit	(440,955)	(305,011)
Accumulated other comprehensive income	1,136	1,308
Total stockholders’ equity (deficit)	673,206	698,448
Total liabilities, redeemable convertible preferred stock and stockholders’ equity (deficit)	$ 989,123	$ 980,847