Rocket Lab unveils the flat stone: ‘low-cost, quality achievable satellites for guidance against weak Q1-Rocket Lab (NASDAQ: RKLB), Fidelity Nasdaq Composite Index ETF (NASDAQ: NASDAQ: ONEQ), targeting large constellations.

Rocket Labs USA RKLB The announced “Flatellite” in its revenue call, in weaker guidance and fourth-quarter earnings reports, meets analyst expectations.

what happened: Rocket Lab founder and CEO during a fourth-quarter revenue call Peter Bakerconsistent with its vertical integration strategy, introduced Flatellite.

Flatellite is a low-cost, achievable satellite developed by the company for large constellations. A satellite constellation is a group of satellites that jointly perform a specific mission in orbit, such as communication or Earth observation.

“Flatellite is a scalable, resilient, high-power satellite that enables secure low latency, high-speed connectivity and remote sensing capabilities to national security, defense and commercial markets,” Baker said.

He further explained how the company maximizes the number of flat speculation launched per mission, thus ensuring integration with the Neutron (a medium-free, reusable launch vehicle). Neutron currently plans to be released for the first time in the second half of 2025.

Rocket Lab also obtained multiple issuance agreements with the institute for the Q-Shu Space Institute and revealed details about its “ROI” marine platform for reusable neutron rockets.

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Why it matters: Despite introducing its new low-cost satellite, Rocket Lab reported weaker guidance in the first quarter, causing stocks to fall after get off work.

Although it exceeded revenue estimates of $133.9 million, compared with an estimated $130.58 million. It reported a loss of 10 cents per share, consistent with analysts’ forecasts. Cash reserves rose to $271 million compared to $162.5 million in the previous year.

Management forecast revenue in the first quarter between $117 million and $123 million, down from an estimated $135.67 million. They also forecast adjusted EBITDA losses of $33 million to $35 million this quarter.

Price action: Rocket Labs fell 6.68% on Thursday and fell 12.64% after get off work, which is more than 2.66% Fidelity Nasdaq Composite Index ETF Oneqtrack the Nasdaq comprehensive index.

The stock’s years fell by 20.55%, but it grew by 332.03% over the year.

Benzinga tracks 17 analysts with an average price target of $16.43 to reflect the “hold” rating. Estimates range from $3 to $35. KeyBanc, Citigroup and Goldman Sachs have an average of $26.83, indicating a potential 54.90% upside.

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