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Terran Orbital Corp

Terran Orbital Corp. engages in the development and operation of small satellites and earth observation solutions. It provides small satellite solutions for military, the intelligence community, and civil and commercial customers. The company was founded by Marc H. Bell and Anthony Previte in 2013 and is headquartered in Boca Raton, FL.

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

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Earnings data Q3 2024

Terran Orbital Corp reports strong revenue growth amidst profitability challenges

Terran Orbital Corp's Q4 2022 performance showcased robust revenue growth but highlighted challenges with profitability and cost management. The company's strengths lie in its market credibility, in-house component manufacturing, and strategic partnerships. To capitalize on opportunities, Terran Orbital must convert its pipeline, control costs, and navigate cash flow fluctuations effectively.

Terran Orbital Corp reports record revenue and strong order backlog

Terran Orbital Corp's Q1 2023 performance reflects robust revenue growth and a strong order backlog, positioning the company for continued success.
While facing challenges in profitability and cost management, the company's strategic investments in manufacturing and diverse revenue drivers offer growth opportunities.
Anticipated sales exceeding $250 million in 2023, coupled with ongoing capacity expansions and technological advancements, signal a positive outlook for Terran Orbital Corp.
The company's focus on key clients like Rivada and the Space Development Agency, alongside plans for revenue diversification, underpin its resilience and potential for future expansion.

Terran Orbital Corp excels in Q2, poised for satellite market leadership

Terran Orbital Corp's Q2 performance reflects strong growth momentum and strategic positioning in the satellite industry.
The company's focus on operational efficiency, technological advancement, and customer relationships bodes well for future success.
With a solid backlog, new contracts, and expansion initiatives, Terran Orbital is poised for continued growth and market leadership.

Terran Orbital reports robust Q3 growth but faces cash challenges

Terran Orbital's Q3 2023 earnings call showcased strong revenue growth and business prospects, but challenges with negative adjusted EBITDA and cash on hand. The company's focus on commercial space demand and potential for cash flow positivity in 2024 indicate a resilient market position. Opportunities for growth lie in upcoming announcements and financial optimization strategies.

Terran Orbital Corp reports mixed Q1 performance but eyes growth

Terran Orbital Corp's Q1 2024 earnings call highlighted a mixed performance with revenue decrease and negative adjusted EBITDA, offset by a strong backlog and growth opportunities. The company's efficiency strategies and vertical integration are key strengths, while challenges include subcontractor issues and cash balance requirements. Terran is well-positioned for growth in the satellite industry.

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Terran Orbital Corp. engages in the manufacture of satellite products. It operates through the Satellite Solutions and Earth Observation Solutions segments. The Satellite Solutions segment designs, builds, and operates satellites. It also includes modern facilities and global ground station network to deliver end-to-end satellite solutions, including spacecraft design, development, launch services, and on-orbit operations for critical missions across a number of applications in a variety of orbits to governmental agencies and commercial businesses. The Earth Observation Solutions segment develops constellation of company-owned Earth observation satellites featuring synthetic aperture radar capabilities to provide Earth observation data and mission solutions. The company was founded by Marc H. Bell and Anthony L. Previte in 2013 and is headquartered in Boca Raton, FL.

Terran Orbital is a global provider of end-to-end satellite solutions, including engineering, manufacturing, launch planning, mission operations, and in-orbit support.

The specific applications for these solutions include defense and intelligence, communications, weather and climate, disaster recovery, and navigation.

Terran Orbital is expanding its solutions beyond small satellites through the development of NextGen Earth Observation constellations, which provide persistent, real-time earth imagery.

The company serves military, civil and commercial customers, and generated $55.5M in LTM (last twelve months) revenue as of Q2 2022. 65% of the revenue came from the U.S. government, 25% from commercial customers, and 9% from foreign governments. 

The company reported a $16 billion revenue pipeline and $224.1 million backlog as of June 2022, with 90% of the backlog expected to convert to revenue by the end of 2023.

These are the three key initiatives as outlined by Terran Orbital.

Terran describes its strategy within three main initiatives: becoming one of the largest vertically-integrated satellite manufacturing facilities, developing advanced satellites for real-time earth imagery, and building its strategic relationship with Lockheed Martin.

Terran’s strategic agreement with Lockheed was initiated in 2017 and recently extended into 2031, with expanding coverage of satellite sizes provided to the defense company. 

In 2022 the company announced plans to significantly expand manufacturing capabilities in Irvine, Calif., and proposed plans for a new facility in Florida, as well. 

Terran views itself as a pioneer of the exponentially growing “new space revolution” and believes that the space industry is at an inflection point with the proliferation of small satellites–which they are well positioned to serve.

LLAP Investor Relations (https://investors.terranorbital.com/)

*This content is for educational purposes and is not investment advice.


Terran will also build 12 additional satellites that will serve as "spares", rounding out the contract at a total of 300 satellites.

Terran Orbital Stock Soars 71% On Rivada Deal - May Be One Of The Largest Deals In Smallsat History

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Calling this a blockbuster deal may be an understatement.

Why Shares of Terran Orbital Are Soaring Higher Today

Terran Orbital shares surged after the company announced a $2.4 billion contract to build communications satellites for Rivada.

Terran Orbital stock surges after winning $2.4 billion contract to build satellites for Rivada

Shares of Terran Orbital Corp. LLAP, -5.00% rocketed 71.4% on heavy volume, to pace all premarket gainers, after the satellite products maker announced contract valued at $2.4 billion to produce a total of 300 satellites. Trading volume ballooned to more than 23.6 million shares ahead of the open, compared with the full-day average volume of about 590,200 shares.

Terran Orbital stock rockets on heavy volume after being awarded $2.4 billion contract to build satellites

Terran Orbital (NYSE:LLAP) Corporation said its wholly-owned subsidiary Tyvak Nano-Satellite Systems Inc has been awarded a $2.4 billion contract to design, build, and deploy 288 low-earth orbit satellites for Rivada Space Networks.  As part of the contract, Terran Orbital (NYSE:LLAP) will also develop 12 ‘spare' satellites to produce a total of 300 spacecraft.

Terran Orbital wins $2.4B contract to build 300 satellites for Rivada Space Networks

Terran Orbital (NYSE: LLAP ) stock is taking off on Wednesday after the company signed a massive satellite agreement with Rivada Space Networks. That agreement has Terran Orbital agreeing to design, build, and deploy 288 low-earth orbit satellites for Rivada Space Networks.

Why Is Terran Orbital (LLAP) Stock Up 99% Today?

BOCA RATON, Fla.--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Terran Orbital Corporation (NYSE: LLAP), (“Terran Orbital” or “the Company”), a global leader in satellite-based solutions, today announced its wholly-owned subsidiary, Tyvak Nano-Satellite Systems, Inc. (“Tyvak”), has been awarded a $2.4 billion contract to design, build, and deploy 288 low-earth orbit satellites for Rivada Space Networks. As part of the contract, Terran Orbital will also develop 12 “spare” satellites to produce a total of 300 spacecraft.

Terran Orbital Wins $2.4 Billion Contract to Build 300 Satellites for Rivada Space Networks

SAN DIEGO--(BUSINESS WIRE)---- $LLAP #LLAP--Terran Orbital, Inc.

Shareholder Alert: Robbins LLP Informs Investors of Class Action Against Terran Orbital Inc. (LLAP)

BOCA RATON, Fla.--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced Vice President of RF Systems Matthew DeLaquil will present at SpaceCom 2023 as part of the 49th Space Congress. The congress will convene in Orlando at the Orange County Convention Center.

Terran Orbital's Matthew DeLaquil to Present at SpaceCom

NEW YORK , Feb. 17, 2023 /PRNewswire/ -- Squitieri & Fearon LLP and Moore Kuehn PLLC today announced that it filed a class action seeking to represent stockholders of Terran Orbital Inc., ("Terran") (NYSE: LLAP) who purchased their stock before March 28, 2022 (the "Class Period"). This action was filed in the Southern District of New York and is captioned Jeffrey Mullen, Individually and on Behalf of All Others Similarly Situated v.

Squitieri & Fearon LLP and Moore Kuehn PLLC File Class Action Suit Against Terran Orbital Inc., et al.

BOCA RATON, Fla.--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced Co-Founder, Chairman, and Chief Executive Officer Marc Bell will present at Citi's 2023 Global Industrial Tech and Mobility Conference. The conference will take place in Miami at the Ritz Carlton South Beach.

Terran Orbital's Marc Bell to Present at Citi's 2023 Global Industrial Tech and Mobility Conference

BOCA RATON, Fla.--( BUSINESS WIRE )--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced Vice President of Strategic Solutions Michael Pavloff will present at SmallSat Symposium 2023. The symposium will take place February 7-9 at the Computer History Museum in Mountain View, CA.

Terran Orbital's Michael Pavloff to Present at SmallSat Symposium 2023

BOCA RATON, Fla.--( BUSINESS WIRE )--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced Co-Founder, Chairman, and Chief Executive Officer Marc Bell and Chief Financial Officer Gary Hobart will present at the all-virtual Emerging Growth Conference.

Terran Orbital to Present at Emerging Growth Conference

BOCA RATON, Fla.--( BUSINESS WIRE )--Terran Orbital Corporation (NYSE: LLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced the Company will host its year-end 2022 results conference call on March 21, 2023 at 11:00 a.m. E.T. The call will discuss Q4 and full-year 2022 results.

Terran Orbital Schedules Conference Call to Discuss Q4 and Full-Year 2022 Financial Results

BOCA RATON, Fla.--( BUSINESS WIRE )--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced its GEOStare SV2 spacecraft completed a commercial data services imagery contract for Lockheed Martin.

Terran Orbital's GEOStare SV2 Spacecraft Completes Commercial Imaging Contract for Lockheed Martin

BOCA RATON, Fla.--( BUSINESS WIRE )--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced the delivery of the final of ten satellite buses to prime contractor Lockheed Martin in support of the Space Development Agency's (SDA) Tranche 0 Transport Layer.

Terran Orbital Completes Order for SDA's Tranche 0 Transport Layer

BOCA RATON, Fla.--( BUSINESS WIRE )--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced the appointment of James Black as Senior Vice President and General Counsel.

Terran Orbital Appoints James Black as Senior Vice President and General Counsel

BOCA RATON, Fla.--( BUSINESS WIRE )--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced the formation of a new Optical Solutions Group (OSG) focused on electro-optical (EO) satellite imaging products. The new group will concentrate on development and innovation of new EO products while offering a wide variety of custom-made and off-the-shelf solutions.

Terran Orbital Creates New Optical Solutions Group

BOCA RATON, Fla.--( BUSINESS WIRE )--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced the promotion of Santina Michel to Senior Vice President and Chief Human Resources Officer. Ms. Michel previously served as the company's Senior Vice President of Operations.

Terran Orbital Promotes Santina Michel to Senior Vice President and Chief Human Resources Officer

BOCA RATON, Fla.--( BUSINESS WIRE )--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced the company will participate in the Credit Suisse 10th Annual Global Industrials Conference at the Eau Palm Beach Resort in Manalapan, Fla.

Terran Orbital to Participate in Credit Suisse 10th Annual Global Industrials Conference

BOCA RATON, Fla.--( BUSINESS WIRE )--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced the successful launch of LunIR. The Moon-mapping satellite is the second Terran Orbital-developed lunar satellite to launch this year – the first being CAPSTONE. Launched on June 28, CAPSTONE became the first satellite to enter a Near-Rectilinear Halo Orbit around the Moon with a successful insertion maneuver performed on November 13. Both satellites support NASA's Artemis program.

LunIR Joins CAPSTONE as Second Terran Orbital-Developed Lunar Satellite to Launch this Year

BOCA RATON, Fla.--( BUSINESS WIRE )--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced the Terran Orbital-developed CAPSTONE spacecraft successfully arrived in a Near-Rectilinear Halo Orbit (NRHO) around the Moon on Nov. 13. Following an initial orbit insertion maneuver on Sunday, CAPSTONE will perform clean-up maneuvers over the next several days to complete insertion into its target orbit. The spacecraft's arrival in this unique elongated orbit marks the next phase of its pathfinding lunar mission.

Making History: Terran Orbital-Developed CAPSTONE Enters NRHO Around the Moon

Terran Orbital Corporation (NYSE:LLAP ) Q3 2022 Earnings Conference Call November 9, 2022 11:00 AM ET Company Participants Jonathan Siegmann - Senior Vice President, Corporate Development Marc Bell - Co-Founder, Chairman and Chief Executive Officer Gary Hobart - Chief Financial Officer Conference Call Participants Elizabeth Grenfell - Bank of America Austin Moeller - Canaccord Genuity Erik Rasmussen - Stifel, Nicolaus & Company Joshua Sullivan - The Benchmark Company Gregory Konrad - Jefferies Michael Crawford - B. Riley Securities Robert Spingarn - Melius Research Alex Owen - Fuel Venture Capital Operator Hello, and welcome to today's Terran Orbital 3Q 2022 Earnings Call.

Terran Orbital Corporation (LLAP) Q3 2022 Earnings Call Transcript

Terran Orbital went public via a merger with SPAC company Tailwind Two Acquisition, but was launched in 2013 and has had numerous private and public customers. The timing of the March 2022 IPO wasn't under ideal economic conditions, but demand for its services is growing, with a backlog of $198 million.

News for Terran Orbital Corp Stock (LLAP)