The ocean water in Florida is over 90 degrees<--- Yup you heard that right. In my pool 90 is the spot where it fails to feel like a pool-- that's a bath. And coral and fish do not like water this hot!!!!
GBA Presents: House of Gummy-!
- Thread starter stonedinvestor
- Start date
What a performance! Dead eye----
MY WIFE-
How did last night go?// Well we were flying on Mushrooms and ended up at this house party in a huge mansion. Where they were playing the "Murder" game. You draw cards and the Ace of spades is the murderer and then you run around and if the murderer touches you are dead and a sound goes off and you scream...
So I imagine you just ran from everyone right, how did you get killed?
This really nice guy came over to show me where the bar was upstairs....
How did last night go?// Well we were flying on Mushrooms and ended up at this house party in a huge mansion. Where they were playing the "Murder" game. You draw cards and the Ace of spades is the murderer and then you run around and if the murderer touches you are dead and a sound goes off and you scream...
So I imagine you just ran from everyone right, how did you get killed?
This really nice guy came over to show me where the bar was upstairs....
ROIV Roivant Sciences Ltd.--Never fired but lets watch<-----
$11.670.07 (+0.60%)4:00 PM 07/14/23
NASDAQ | $USD | Post-Market: $11.90 +0.23 (+1.97%) 7:58 PM
Roivant reportedly could sell colitis drug to Roche for over $7B
Last edited:
UPGRADE KKR--$55.20 / New PT $63 from $61 Wells F. no big deal but with banks reporting i think the spotlight will shine on these alt lending firms.
watch this -> $60 already.
There was a miss communication with me and The HF not in!
watch this -> $60 already.
There was a miss communication with me and The HF not in!
This is unheard of-- 4 trading days left for one month exactly)))))))
Views:
43,960
Please give me your favorite SPACS.
I want to use RKLB for sure and MTTR // what are some other SPACS that are real co's and have made it... Two ways of looking at it--who is far and above $10.... DKNG <----
and who is on the comeback trail.... STEM.
Who You Got-?
I want to use RKLB for sure and MTTR // what are some other SPACS that are real co's and have made it... Two ways of looking at it--who is far and above $10.... DKNG <----
and who is on the comeback trail.... STEM.
Who You Got-?
Investors Buy Large Volume of Rocket Lab USA Call Options (NASDAQ:RKLB)<------!!!!!
Posted by Defense World Staff on Jul 12th, 2023
Rocket Lab USA, Inc. (NASDAQ:RKLB – Get Free Report) was the recipient of some unusual options trading on Tuesday. Investors bought 3,737 call options on the stock. This represents an increase of approximately 34% compared to the typical daily volume of 2,785 call options.
Rocket Lab USA Trading Up 3.5 %
NASDAQ:RKLB opened at $6.18 on Wednesday. The firm has a market cap of $2.96 billion, a P/E ratio of -18.73 and a beta of 0.96. The company has a current ratio of 3.22, a quick ratio of 2.72 and a debt-to-equity ratio of 0.18. The stock’s 50 day simple moving average is $5.06 and its 200-day simple moving average is $4.58. Rocket Lab USA has a 12-month low of $3.48 and a 12-month high of $7.29.
Insider Activity
In other Rocket Lab USA news, Director Michael D. Griffin sold 50,689 shares of Rocket Lab USA stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $4.40, for a total value of $223,031.60. Following the transaction, the director now owns 88,779 shares in the company, valued at $390,627.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Adam C. Spice sold 66,582 shares of Rocket Lab USA stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $4.50, for a total transaction of $299,619.00. Following the completion of the sale, the chief financial officer now owns 1,619,586 shares of the company’s stock, valued at $7,288,137. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael D. Griffin sold 50,689 shares of Rocket Lab USA stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $4.40, for a total value of $223,031.60. Following the sale, the director now directly owns 88,779 shares of the company’s stock, valued at approximately $390,627.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 190,388 shares of company stock worth $877,022. Company insiders own 15.00% of the company’s stock.
Institutional Trading of Rocket Lab USA
A number of institutional investors have recently modified their holdings of the business. Point72 Hong Kong Ltd purchased a new stake in Rocket Lab USA during the second quarter worth $27,000. Ieq Capital LLC purchased a new stake in Rocket Lab USA during the fourth quarter worth $38,000. International Assets Investment Management LLC purchased a new stake in Rocket Lab USA during the first quarter worth $38,000. HBK Sorce Advisory LLC boosted its position in Rocket Lab USA by 100.0% during the fourth quarter. HBK Sorce Advisory LLC now owns 50,000 shares of the rocket manufacturer’s stock worth $40,000 after purchasing an additional 25,000 shares in the last quarter. Finally, Capital Investment Counsel Inc purchased a new stake in Rocket Lab USA during the first quarter worth $40,000. 54.58% of the stock is currently owned by hedge funds and other institutional investors.
Posted by Defense World Staff on Jul 12th, 2023
Rocket Lab USA Trading Up 3.5 %
NASDAQ:RKLB opened at $6.18 on Wednesday. The firm has a market cap of $2.96 billion, a P/E ratio of -18.73 and a beta of 0.96. The company has a current ratio of 3.22, a quick ratio of 2.72 and a debt-to-equity ratio of 0.18. The stock’s 50 day simple moving average is $5.06 and its 200-day simple moving average is $4.58. Rocket Lab USA has a 12-month low of $3.48 and a 12-month high of $7.29.
Insider Activity
In other Rocket Lab USA news, Director Michael D. Griffin sold 50,689 shares of Rocket Lab USA stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $4.40, for a total value of $223,031.60. Following the transaction, the director now owns 88,779 shares in the company, valued at $390,627.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Adam C. Spice sold 66,582 shares of Rocket Lab USA stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $4.50, for a total transaction of $299,619.00. Following the completion of the sale, the chief financial officer now owns 1,619,586 shares of the company’s stock, valued at $7,288,137. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael D. Griffin sold 50,689 shares of Rocket Lab USA stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $4.40, for a total value of $223,031.60. Following the sale, the director now directly owns 88,779 shares of the company’s stock, valued at approximately $390,627.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 190,388 shares of company stock worth $877,022. Company insiders own 15.00% of the company’s stock.
Institutional Trading of Rocket Lab USA
A number of institutional investors have recently modified their holdings of the business. Point72 Hong Kong Ltd purchased a new stake in Rocket Lab USA during the second quarter worth $27,000. Ieq Capital LLC purchased a new stake in Rocket Lab USA during the fourth quarter worth $38,000. International Assets Investment Management LLC purchased a new stake in Rocket Lab USA during the first quarter worth $38,000. HBK Sorce Advisory LLC boosted its position in Rocket Lab USA by 100.0% during the fourth quarter. HBK Sorce Advisory LLC now owns 50,000 shares of the rocket manufacturer’s stock worth $40,000 after purchasing an additional 25,000 shares in the last quarter. Finally, Capital Investment Counsel Inc purchased a new stake in Rocket Lab USA during the first quarter worth $40,000. 54.58% of the stock is currently owned by hedge funds and other institutional investors.
“2022 was a foundational year for BlackSky, we won up to $1.3 billion in multi-year contracts, nearly doubled revenues to $65.4 million, and demonstrated significant margin performance; this high level of execution has put us on a path to achieving positive adjusted EBITDA in Q4 of 2023,” said Brian E. O’Toole, BlackSky CEO. “Increased customer demand worldwide for BlackSky’s dynamic monitoring and analytic solutions drove record revenues in the fourth quarter growing 69% year-over-year to $19.4 million. In addition, we’ve successfully scaled our operations and are now delivering thousands of high-resolution images reliably each day with AI-driven analytics to customers around the world. I want to thank our team for all their hard work and dedication that enabled us to achieve all these milestones. We look forward to another strong year of execution and carrying this strong momentum into 2023.”
Recent Highlights
The Company is announcing the award of a $150+ million, multi-year subscription contract with a major international ministry of defense. BlackSky will provide this customer with next generation space-based tactical geospatial intelligence services to support their country’s most critical intelligence needs. Further details can be found in a separate press release. BlackSky is proud to support this international government customer to provide them with a tactical advantage to support their mission operations. With this contract, the Company’s multi-year backlog increases to over $250 million.
In addition, the Company announced a private placement of approximately $29.5 million from a syndicate of new and existing institutional investors, further strengthening the balance sheet. BlackSky intends to use the net proceeds from the transaction for general corporate purposes and investments in its space and software platforms.
Financial Results
Revenues(1)
Total revenue for the fourth quarter of 2022 was $19.4 million, up $7.9 million, or 69%, from the fourth quarter of 2021. Imagery and software analytical services revenue was $16.2 million, up 196% over the prior year period primarily driven by increased demand from new and existing U.S. and international government customers. Professional and engineering services revenue contributed $3.3 million in the fourth quarter of 2022.
For the full year 2022, total revenue was $65.4 million, up $31.3 million, or 92% from 2021. Imagery and software analytical services revenue was $47.4 million, up $32.1 million, or 209% over the prior year period primarily driven by several new government and international contract awards.
Cost of Sales(1)(2)
Cost of sales as a percent of revenue was 40% for the fourth quarter of 2022, compared to 89% in the fourth quarter of 2021. Imagery and software analytical services cost of sales as a percent of revenue was 24% in the fourth quarter of 2022, compared to 70% in the fourth quarter of 2021. The year-over-year improvement was primarily driven by greater volumes of imagery and analytical services revenue that inherently have a low fixed-cost structure as a percent of revenue and a decrease in stock-based compensation expense. Cost of sales excludes depreciation and amortization expense.
For the full year 2022, cost of sales as a percent of revenue was 55%, compared to 102% in 2021, with sequential improvements reported each quarter throughout 2022.
Operating Expenses
Operating expenses for the fourth quarter of 2022 were $30.0 million, which included $3.3 million of non-cash stock-based compensation expense, compared to operating expenses of $33.2 million in the fourth quarter of 2021, which included $12.1 million in non-cash stock-based compensation expense. Excluding stock-based compensation expense from both years, operating expenses increased to $26.7 million in the fourth quarter of 2022 from $21.1 million in the prior year quarter. Of the $5.6 million year-over-year increase, $5.0 million was due to higher depreciation expense.
For the full year 2022, operating expenses were $116.1 million, which included $18.1 million of non-cash stock-based compensation expense. For the full year 2021, operating expenses were $119.5 million, which included $38.5 million in non-cash stock-based compensation expense and $18.4 million in satellite impairment charges. Excluding the stock-based compensation expense from both years and the satellite impairment loss in 2021, operating expenses in 2022 were $97.9 million compared to $62.6 million in the prior year. Of the $35.3 million year-over-year increase, $21.4 million was due to higher depreciation expense, with the remaining increase due primarily to investments in sales, software, and artificial intelligence and a full year of public company operating costs.
Operating Loss
Operating loss for the fourth quarter of 2022 was $18.3 million, compared to an operating loss of $31.9 million in the fourth quarter of 2021. The year-over-year improvement was primarily a result of higher gross profit driven by increased imagery and software analytical services revenue, as well as a decrease in stock-based compensation expense, partially offset by higher depreciation expense.
For the full year 2022, operating loss was $86.5 million, compared to an operating loss of $120.1 million in 2021. The year-over-year improvement was primarily driven by higher gross profit, a one-time satellite impairment charge in 2021, and a decrease in stock-based compensation expense, partially offset by higher depreciation expense.
Adjusted EBITDA(3)
Adjusted EBITDA loss for the fourth quarter of 2022 was $4.6 million, compared to an adjusted EBITDA loss of $14.4 million in the prior year quarter. The $9.8 million year-over-year improvement was primarily a result of strong operating leverage achieved by increased revenue growth that significantly exceeded incremental costs.
For the full year 2022, Adjusted EBITDA loss was $29.5 million, compared to an Adjusted EBITDA loss of $44.4 million in 2021. The year-over-year improvement was primarily driven by strong operating leverage achieved by increased revenue growth that significantly exceeded incremental costs.
Balance Sheet & Capital Expenditures
As of December 31, 2022, cash and cash equivalents, restricted cash, and short-term investments totaled $75.0 million. Capital expenditures for the fourth quarter of 2022 were $9.7 million and for the full year 2022 totaled $44.1 million.
2023 Outlook
BlackSky expects full year 2023 revenue to be between $90 million and $96 million, a 42% increase over 2022 revenue at the mid-point of this range. With strong revenue growth, high incremental contribution margins, and prudent cost management, the Company anticipates achieving positive Adjusted EBITDA in the fourth quarter of 2023. In addition, the Company expects capital expenditures for the full year 2023 to be between $40 million and $45 million.
Recent Highlights
The Company is announcing the award of a $150+ million, multi-year subscription contract with a major international ministry of defense. BlackSky will provide this customer with next generation space-based tactical geospatial intelligence services to support their country’s most critical intelligence needs. Further details can be found in a separate press release. BlackSky is proud to support this international government customer to provide them with a tactical advantage to support their mission operations. With this contract, the Company’s multi-year backlog increases to over $250 million.
In addition, the Company announced a private placement of approximately $29.5 million from a syndicate of new and existing institutional investors, further strengthening the balance sheet. BlackSky intends to use the net proceeds from the transaction for general corporate purposes and investments in its space and software platforms.
Financial Results
Revenues(1)
Total revenue for the fourth quarter of 2022 was $19.4 million, up $7.9 million, or 69%, from the fourth quarter of 2021. Imagery and software analytical services revenue was $16.2 million, up 196% over the prior year period primarily driven by increased demand from new and existing U.S. and international government customers. Professional and engineering services revenue contributed $3.3 million in the fourth quarter of 2022.
For the full year 2022, total revenue was $65.4 million, up $31.3 million, or 92% from 2021. Imagery and software analytical services revenue was $47.4 million, up $32.1 million, or 209% over the prior year period primarily driven by several new government and international contract awards.
Cost of Sales(1)(2)
Cost of sales as a percent of revenue was 40% for the fourth quarter of 2022, compared to 89% in the fourth quarter of 2021. Imagery and software analytical services cost of sales as a percent of revenue was 24% in the fourth quarter of 2022, compared to 70% in the fourth quarter of 2021. The year-over-year improvement was primarily driven by greater volumes of imagery and analytical services revenue that inherently have a low fixed-cost structure as a percent of revenue and a decrease in stock-based compensation expense. Cost of sales excludes depreciation and amortization expense.
For the full year 2022, cost of sales as a percent of revenue was 55%, compared to 102% in 2021, with sequential improvements reported each quarter throughout 2022.
Operating Expenses
Operating expenses for the fourth quarter of 2022 were $30.0 million, which included $3.3 million of non-cash stock-based compensation expense, compared to operating expenses of $33.2 million in the fourth quarter of 2021, which included $12.1 million in non-cash stock-based compensation expense. Excluding stock-based compensation expense from both years, operating expenses increased to $26.7 million in the fourth quarter of 2022 from $21.1 million in the prior year quarter. Of the $5.6 million year-over-year increase, $5.0 million was due to higher depreciation expense.
For the full year 2022, operating expenses were $116.1 million, which included $18.1 million of non-cash stock-based compensation expense. For the full year 2021, operating expenses were $119.5 million, which included $38.5 million in non-cash stock-based compensation expense and $18.4 million in satellite impairment charges. Excluding the stock-based compensation expense from both years and the satellite impairment loss in 2021, operating expenses in 2022 were $97.9 million compared to $62.6 million in the prior year. Of the $35.3 million year-over-year increase, $21.4 million was due to higher depreciation expense, with the remaining increase due primarily to investments in sales, software, and artificial intelligence and a full year of public company operating costs.
Operating Loss
Operating loss for the fourth quarter of 2022 was $18.3 million, compared to an operating loss of $31.9 million in the fourth quarter of 2021. The year-over-year improvement was primarily a result of higher gross profit driven by increased imagery and software analytical services revenue, as well as a decrease in stock-based compensation expense, partially offset by higher depreciation expense.
For the full year 2022, operating loss was $86.5 million, compared to an operating loss of $120.1 million in 2021. The year-over-year improvement was primarily driven by higher gross profit, a one-time satellite impairment charge in 2021, and a decrease in stock-based compensation expense, partially offset by higher depreciation expense.
Adjusted EBITDA(3)
Adjusted EBITDA loss for the fourth quarter of 2022 was $4.6 million, compared to an adjusted EBITDA loss of $14.4 million in the prior year quarter. The $9.8 million year-over-year improvement was primarily a result of strong operating leverage achieved by increased revenue growth that significantly exceeded incremental costs.
For the full year 2022, Adjusted EBITDA loss was $29.5 million, compared to an Adjusted EBITDA loss of $44.4 million in 2021. The year-over-year improvement was primarily driven by strong operating leverage achieved by increased revenue growth that significantly exceeded incremental costs.
Balance Sheet & Capital Expenditures
As of December 31, 2022, cash and cash equivalents, restricted cash, and short-term investments totaled $75.0 million. Capital expenditures for the fourth quarter of 2022 were $9.7 million and for the full year 2022 totaled $44.1 million.
2023 Outlook
BlackSky expects full year 2023 revenue to be between $90 million and $96 million, a 42% increase over 2022 revenue at the mid-point of this range. With strong revenue growth, high incremental contribution margins, and prudent cost management, the Company anticipates achieving positive Adjusted EBITDA in the fourth quarter of 2023. In addition, the Company expects capital expenditures for the full year 2023 to be between $40 million and $45 million.
