Strong revenue growth, first Neutron deal [Video]
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Small Business Growth

Strong revenue growth, first Neutron deal [Video]

CEO Peter Beck stands in half a fairing (the rocket’s nosecone) of the company’s coming Neutron vehcile.

Rocket Lab

Rocket Lab shares surged in trading Wednesday after the company reported third-quarter results and announced its first customer for its coming Neutron vehicle.

Shares of Rocket Lab jumped as much as 53% in Wednesday trading before paring gains to close up 28%, at $18.83 a share. The stock briefly surpassed its all-time high, a previous highest close of $20.72 a share in September 2021 that came shortly after the company completed its SPAC merger.

The space infrastructure company on Tuesday reported third-quarter revenue increased to $104.8 million, up 55% from $67.6 million for the same period a year ago, and above Wall Street’s expectation of $102 million, according to analysts surveyed by LSEG.

Its net loss also increased year over year, to $51.9 million from $40.6 million, but its loss of 10 cents per share came in slightly below analyst expectations of a …

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IN THE NEWS: Chris Gardner on the Carole Taylor Show [Video]
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Small Business Growth

IN THE NEWS: Chris Gardner on the Carole Taylor Show [Video]

In a recent episode of Carole Taylor’s Journal on CHEK TV, Carole sat down with ICBA’s Chris Gardner to discuss the pressing economic challenges facing Canada, particularly in the construction and housing sectors. Chris shared his frustrations with current government policies and offered insights into how these policies are impacting business growth, labor availability, and […]

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