Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Selling, general, and administrative

Loss on impairment

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

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

Earnings data Q1 2024

Earnings data Q2 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.


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 it will host the Company's first quarter 2024 earnings conference call at 11:00 a.m. E.T. on May 14, 2024. Terran Orbital's Co-Founder, Chairman and Chief Executive Officer, Marc Bell, and Acting Chief Financial Officer and Corporate Controller, Mathieu Riffel, will dis.

Terran Orbital Schedules Conference Call to Discuss First Quarter 2024 Financial Results

Terran Orbital (NYSE:LLAP) announced it has released its inaugural Environmental, Social and Governance (ESG) Report. The satellite solutions provider said the report demonstrates its commitment to operating with environmental responsibility, social consciousness, and strong corporate governance practices throughout its business activities.

Terran Orbital releases inaugural ESG report

BOCA RATON, Fla.--(BUSINESS WIRE)--Today, Terran Orbital Corporation (NYSE: LLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, announced the release of its inaugural Environmental, Social, and Governance Report (“ESG Report”). This report demonstrates Terran Orbital's commitment to operating with environmental responsibility, social consciousness, and strong corporate governance practices throughout its.

Terran Orbital Releases Inaugural Environmental, Social, and Governance Report

Lockheed Martin

Lockheed Martin has withdrawn an offer to acquire satellite maker Terran Orbital for nearly $300 million.

Lockheed Martin drops $300 million buyout bid for Terran Orbital

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, confirms its ongoing strategic review to maximize shareholder value. The review allows us to explore all options. We value Lockheed Martin's partnership and look forward to continued collaboration under our Strategic Cooperation Agreement which runs through 2035. We remain committed to.

Terran Orbital Strategic Review is Ongoing

Terran Orbital (NYSE:LLAP)'s subsidiary Tyvak International announced the successful launch of the Fleet Space Technologies' Centauri-6 satellite, which was developed in collaboration with the company. It was launched on Sunday, April 7, from Launch Complex 39A at the Kennedy Space Center, Florida, on board the SpaceX Bandwagon-1 mission.

Terran Orbital subsidiary Tyvak International announces successful launch of Centauri-6 satellite

TURIN, Italy--(BUSINESS WIRE)--Tyvak International SRL (“Tyvak International”), a Torino, Italy-based subsidiary of Terran Orbital Corporation (NYSE: LLAP) and a leading European provider of nano and microsatellites, announced the successful launch of Fleet Space Technologies' Centauri-6 satellite, which was developed in collaboration with Tyvak International. The satellite was launched aboard the pioneering SpaceX Bandwagon-1 mission on Sunday, April 7th from Launch Complex 39A (LC-39A) at Ken.

Terran Orbital's Tyvak International Centauri-6 Satellite Successfully Deployed into Orbit

Terran Orbital (NYSE:LLAP) has unveiled its showcase program for the 2024 39th Space Symposium being held from April 8 to 11 in Colorado Springs, Colorado. The company said symposium attendees will be able to engage with its team of experts at booth 1072 and explore its suite of mission support services, including its suite of space vehicle platforms.

Terran Orbital to showcase offering at 2024 Space Symposium in Colorado

COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--Today, Terran Orbital Corporation (NYSE: LLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, announces its space-related technologies and programs for the 2024 39th Space Symposium (April 8-11, Broadmoor Hotel, Colorado Springs, CO). Visit us at Booth #1072 to meet our dedicated team of experts and explore our comprehensive suite of end-to-end mission support ser.

Terran Orbital Showcases Key Programs at 2024 Space Symposium

Terran Orbital (NYSE:LLAP) posted record revenue and gross profit for 2023 driven by the delivery of its satellite products to customers and new contract wins.   For the full year ended December 31, 2023, Terran generated revenue of $135.9 million, up 44% year-over-year.

Terran Orbital achieves record revenue and gross profit in 2023

TURIN, Italy--(BUSINESS WIRE)--Tyvak International SRL (“Tyvak International”), a Torino, Italy-based subsidiary of Terran Orbital Corporation (NYSE: LLAP) and a leading European provider of nano and microsatellites, today announced a secured service subcontract for the European Defense Agency's (EDA) Hub for EU Defense Innovation (HEDI) proof-of-concept prototype 2023. This groundbreaking project focuses on Very Low Earth Orbit (VLEO) satellite exploration, marking a significant leap forward i.

Terran Orbital's Tyvak International Secures European Defense Agency Contract for Pioneering VLEO Satellite Project

BOCA RATON, Fla.--(BUSINESS WIRE)--Terran Orbital Corporation (NYSE: LLAP) ("Terran Orbital" or the "Company"), a leading manufacturer of satellite products primarily serving the aerospace and defense industries, today announced that it received a notice from the New York Stock Exchange (the “NYSE”) on March 29, 2024 stating that the Company has regained compliance with the minimum stock price continued listing standard set forth in Section 802.01C and will be removed from the NYSE's noncomplia.

Terran Orbital Regains Compliance with NYSE Continued Listing Standards

BOCA RATON, Fla.--(BUSINESS WIRE)--Terran Orbital Corporation (NYSE: LLAP) ("Terran Orbital" or the "Company"), a leading manufacturer of satellite products primarily serving the aerospace and defense industries, today announced financial results and operational highlights for the three and twelve months ended December 31, 2023. Full Year 2023 Financial Highlights Generated record revenue of $135.9 million up 44% year-over-year Gross profit of $8.6 million compared to $17.3 million loss in 2022.

Terran Orbital Reports Record 2023 Financial Results

Terran Orbital delayed its fourth-quarter and full-year update until next week, spurring speculation that an improved acquisition offer could be on the way from suitor Lockheed Martin. The satellite solutions company previously adopted a poison pill and launched a strategic review after Lockheed offered to acquire it for $1 per share.

Why Terran Orbital Stock Soared 20% This Week

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 it will be filing its Annual Report on Form 10-K with the Securities and Exchange Commission on April 1, 2024 and that it has rescheduled its fourth quarter and full year 2023 earnings call. The earnings call will be held on April 2, 2024 at 11:00 a.m. E.T. Call Details.

Terran Orbital Reschedules Fourth Quarter and Full-Year 2023 Earnings Call

Terran Orbital (NYSE:LLAP) subsidiary Tyvak International has completed the delivery of the Hera Milani satellite to the European Space Agency (ESA), it was announced on Tuesday.  A ceremony was held at Tyvak International's premises in Torino, Italy to mark the milestone which was attended by Hera's project manager for the ESA Ian Carnelli, the Italian Space Agency, the Milani development team, and several local and international dignitaries.

Terran Orbital subsidiary Tyvak International delivers satellite to European Space Agency

BOCA RATON, Fla.--(BUSINESS WIRE)--Tyvak International SRL (“Tyvak International”), a wholly-owned subsidiary of Terran Orbital Corporation (NYSE: LLAP) and a leading European nano and microsatellite manufacturer based in Torino, Italy, today announced that they have completed the formal delivery of the Hera Milani satellite to the European Space Agency. For this historical event, a ceremony was held on March 14th at Tyvak International's premises in Torino, Italy. Ian Carnelli, Hera's Project.

Terran Orbital's Milani Satellite Delivered to the European Space Agency for Hera Mission

BOCA RATON, Fla.--(BUSINESS WIRE)--Visit Terran Orbital at Booth #2251 or set an appointment to meet our dedicated team of experts and explore our suite of standard space vehicle platforms, designed to deliver speed, affordability, performance, and unmatched configurability for a wide range of mission profiles. Interview Opportunity: Schedule an interview with Marc Bell, Terran Orbital's Co-Founder, Chairman, and CEO, to gain firsthand perspectives on critical industry trends. Discuss Terran Or.

Terran Orbital to Showcase Next-Generation Technology at Satellite 2024

Terran Orbital (NYSE:LLAP) announced that it is entering the small satellite geosynchronous orbit (GEO) market with its SmallSat GEO solution for satellites more than 500kg. The company said the SmallSat GEO is targeting the communications market, able to operate in geosynchronous orbit and provide higher power and performance than may have been needed in low earth orbit (LEO).

Terran Orbital targeting new market with SmallSat GEO solution

BOCA RATON, Fla.,--(BUSINESS WIRE)--Today, Terran Orbital Corporation (NYSE: LLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, announced their entrance into the small satellite geosynchronous orbit (GEO) market with their SmallSat GEO™ solution for satellites above 500kg. This will be unveiled at the SATELLITE 2024 trade show, happening March 18-21 at the Walter E. Washington Convention Center in Washi.

Terran Orbital Unveils Next-Generation SmallSat GEO™ Solution

Satellite manufacturer Terran Orbital is "looking at everything" regarding the company's future, CEO Marc Bell told CNBC.

Spacecraft maker Terran Orbital 'looking at everything,' CEO says after Lockheed Martin takeover bid

Space startup Terran Orbital has received an buyout offer from partner and minority shareholder Lockheed Martin. The company has enacted a poison pill provision, and its share price is currently well above the offer price.

Why Terran Orbital Rocketed Higher This Week

BOCA RATON, Fla.--(BUSINESS WIRE)-- #NASA--Please replace the release dated March 6, 2024 with the following corrected version due to multiple revisions. The updated release reads: TERRAN ORBITAL SELECTED AS ONE OF THE COMPANIES AWARDED UP TO $45 MILLION IDIQ BY NASA TO SUPPORT SPACE TECHNOLOGY ADVANCEMENT Today, Terran Orbital Corporation (NYSE: LLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, announced it i.

CORRECTING and REPLACING Terran Orbital Selected as One of the Companies Awarded Up To $45 Million IDIQ by NASA to Support Space Technology Advancement

Terran Orbital (NYSE:LLAP) announced it has been awarded an Indefinite-Delivery/Indefinite Quantity contract valued at up to $45 million with NASA's Space Technology Mission Directorate, which is made up of the agency's Flight Opportunities program and Small Spacecraft Technology program. The company said the five-year agreement enables it to provide space vehicles and payload integration services for a variety of missions.

Terran Orbital wins up to $45M NASA contract

BOCA RATON, Fla.--(BUSINESS WIRE)-- #NASA--Today, Terran Orbital Corporation (NYSE: LLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, announced being awarded an Indefinite-Delivery/Indefinite-Quantity (IDIQ) contract with a $45 million ceiling value with NASA's Space Technology Mission Directorate. The Directorate is comprised of NASA's Flight Opportunities program and the Small Spacecraft Technology program.

News for Terran Orbital Corp Stock (LLAP)