XML 13 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
3 Months Ended 5 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2021
Dec. 31, 2020
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
Dec. 31, 2019
Revenues     $ 29,472,000 $ 8,753,000 $ 35,160,000 $ 48,399,000
Formation and operation costs $ 1,145,290 $ 357,463 3,075,696      
Cost of revenues     25,598,000 14,632,000 46,977,000 49,475,000
Gross profit     3,874,000 (5,879,000) (11,817,000) (1,076,000)
Operating Expenses:            
Loss from operations (1,145,290) (357,463) (3,075,696)      
Other income (expense):            
Interest earned on investment held in Trust Account 4,863 4,846 9,673      
Change in fair value of warrant liabilities 81,333 11,989,334 (21,553,334)      
Total other income (loss) 86,196   (21,543,661)      
Net loss $ (1,059,094) $ (12,341,951) $ (24,619,357)      
Class A redeemable ordinary shares [Member]            
Net loss per share attributable to common stockholders:            
Basic and diluted net income per share (in Dollars per share) $ 0.00 $ 0.00 $ 0.00      
Weighted-average common shares outstanding            
Weighted average shares outstanding (in Shares) 32,000,000 31,553,191 32,000,000      
Class B non-redeemable ordinary shares [Member]            
Net loss per share attributable to common stockholders:            
Basic and diluted net income per share (in Dollars per share) $ (0.13) $ (1.60) $ (3.08)      
Weighted-average common shares outstanding            
Weighted average shares outstanding (in Shares) 8,000,000 7,732,484 8,000,000      
Rocket Lab USA, Inc.            
Revenues     $ 29,472,000 8,753,000 35,160,000 48,399,000
Operating Expenses:            
Research and development, net     15,607,000 6,106,000 19,142,000 12,727,000
Selling, general and administrative     13,692,000 11,320,000 23,993,000 19,090,000
Total operating expenses     29,299,000 17,426,000 43,135,000 31,817,000
Loss from operations     (25,425,000) (23,305,000) (54,952,000) (32,893,000)
Other income (expense):            
Interest income     (402,000) 243,000 224,000 2,792,000
Gain (loss) on foreign exchange     (405,000) (435,000) 2,420,000 (523,000)
Other (expense) income, net     (5,611,000) 793,000 (2,230,000) 618,000
Total other income (loss)     (6,418,000) 601,000 414,000 2,887,000
Loss before income taxes     (31,843,000) (22,704,000) (54,538,000) (30,006,000)
Provision for income taxes     (704,000) (749,000) (467,000) (354,000)
Net loss     (32,547,000) (23,453,000) (55,005,000) (30,360,000)
Other comprehensive income (loss), net of tax:            
Foreign currency translation gain     1,074,000 (367,000) 1,134,000 257,000
Comprehensive loss     $ (31,473,000) $ (23,820,000) $ (53,871,000) $ (30,103,000)
Net loss per share attributable to common stockholders:            
Basic and diluted net income per share (in Dollars per share)     $ (3.74) $ (2.87) $ (6.61) $ (3.79)
Weighted-average common shares outstanding            
Weighted average shares outstanding (in Shares)     8,708,271 8,178,946 8,324,252 8,016,507