## Filing Overview
**Filing Date**: 11-07-2024
**Type of Filing**: [[Filing Definitions#10-Q|10-Q]]
**Reporting Period**: Quarter ended September 30, 2024
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## Notes
- **Revenue**: Rocket Lab reported revenues of **$104.81 million** for Q3 2024, a **54.9% increase** compared to $67.66 million in Q3 2023, driven by robust growth in both space systems and launch services.
- **Net Loss**: The company incurred a net loss of **$51.94 million**, compared to **$40.57 million** in Q3 2023.
- **Cash Position**: Cash and cash equivalents rose to **$292.47 million**, reflecting strong liquidity backed by convertible senior notes issued earlier in 2024.
- **Backlog**: Total backlog as of September 30, 2024, was **$1.05 billion**, with approximately 50% expected to convert to revenue within 12 months.
### Operational Highlights
- Rocket Lab completed multiple launches and continued progress on the **Neutron Launch Vehicle** development for medium-class payloads.
- Investments in R&D remained substantial, focusing on new technologies for spacecraft components and mission assurance.
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## Filing
![[a0710a75-c964-47af-8aa7-0a2e584d5168.pdf]]