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

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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.

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

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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

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Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

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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.


BOCA RATON, Fla.--(BUSINESS WIRE)-- #aerospace--Terran Orbital Corporation (NYSE: LLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions serving the aerospace, defense, intelligence, and commercial industries, today announced key appointments to its executive team aimed at accelerating the Company's path to driving revenue growth and becoming free cash flow positive. The Company welcomes Peter Krauss as its new Chief Operating Officer (COO), Adarsh Parekh as its new Chief Fi.

Terran Orbital Expands Leadership Team with Focus on Growth and Profitability

Terran Orbital is a tiny, unprofitable, debt-laden satellite maker. Nevertheless, Lockheed Martin offered to buy it earlier this year.

Has Terran Orbital Missed Its Chance to Sell Out to Lockheed Martin?

Terran Orbital Corporation (NYSE:LLAP ) Q1 2024 Earnings Conference Call May 14, 2024 11:00 AM ET Company Participants Jon Siegmann – Senior Vice President-Corporate Development Marc Bell – Co-Founder, Chairman and Chief Executive Officer Matt Riffel – Acting Chief Financial Officer and Corporate Controller Conference Call Participants Erik Rasmussen – Stifel Scott Buck – H.C. Wainwright Josh Sullivan – Benchmark Robert Spingarn – Melius Research Tassos Recachinas – Sophis Investments LLC Operator Welcome to the Terran Orbital Q1 2024 Earnings Call.

Terran Orbital Corporation (LLAP) Q1 2024 Earnings Call Transcript

Terran Orbital (NYSE:LLAP) announced it has joined the Mobile Satellite Services Association (MSSA), an industry group dedicated to advancing the development direct-to-device (D2D) and IoT connectivity through Non-Terrestrial Network providers to extend mobile coverage globally. MSSA aims to develop a global ecosystem utilizing L- and S-band spectrum already allocated and licensed for mobile satellite services, Terran Orbital (NYSE:LLAP) said.

Terran Orbital joins industry group expanding mobile satellite services

BOCA RATON, Fla.--(BUSINESS WIRE)---- $LLAP #MSSA--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 its membership in the Mobile Satellite Services Association (MSSA). An industry effort to advance the development of direct-to-device (D2D) and IoT connectivity through an ecosystem of Non-Terrestrial Network (NTN) providers that are committed to seamlessly extending m.

Terran Orbital Joins the Mobile Satellite Services Association (MSSA)

Terran Orbital (NYSE:LLAP) Corporation has hailed expectation-surpassing results from the GEOStare SV2 satellite imagery mission on its third anniversary. Over 60,000 Earth and 94,000 deep space images have been captured from the satellite since its launch from NASA's Kennedy Space Center in May 2021, Terran said on Wednesday.

Terran Orbital praises expectation-beating GEOStare SV2 mission on anniversary

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, celebrates the 3rd anniversary of its successful GEOStare SV2 mission. Launched on May 15, 2021, from NASA's Kennedy Space Center in Florida, GEOStare SV2 has surpassed expectations, delivering exceptional results for commercial satellite imagery. Pioneering Technology for Compa.

Terran Orbital's GEOStare SV2 Captures 3 Years of Success in High-Resolution Imaging

Lockheed Martin

Terran Orbital (NYSE:LLAP) has won a subcontract to support Lockheed Martin Corp (NYSE:LMT)'s recent award from the Space Development Agency (SDA). This will see Terran provide 18 satellite buses to be incorporated with Lockheed's missile warning and tracking systems as part of the SDA's T2 Tracking Layer contract.

Terran Orbital wins contract with Lockheed Martin

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 months ended March 31, 2024. Marc Bell, Co-Founder, Chairman, and Chief Executive Officer of Terran Orbital prefaced the release by saying, “Our team was selected by Lockheed Martin to build 18 space vehicles fo.

Terran Orbital Reports First Quarter 2024 Financial Results

BOCA RATON, Fla.--(BUSINESS WIRE)---- $LLAP #LLAP--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 selected by Lockheed Martin to produce 18 satellite buses for their recent Space Development Agency (SDA) Tranche 2 (T2) Tracking Layer contract. Lockheed Martin will provide the SDA with 16 wide field-of-view missile warning/missile tracking space vehicles with.

Terran Orbital is Awarded Subcontract by Lockheed Martin for SDA's Tranche 2 Tracking Layer

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Many investors agree that it's wise to “sell in May and go away.” This age-old Wall Street adage stems from the observation that stock market returns tend to be weaker during the summer months (May through October) compared to the winter months (November through April).

Sell in May and Go Away: 7 Stocks to Sell Before They Plunge

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 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.

News for Terran Orbital Corp Stock (LLAP)