Terran Orbital Corporation (LLAP) Reports Q1 Loss of $0.85

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Go back to Terran Orbital Corporation (LLAP) Reports Q1 Loss of $0.85

Terran Orbital Reports First Quarter 2022 Financial Results

May 13, 2022 6:00 AM EDT

BOCA RATON, Fla.--(BUSINESS WIRE)-- Terran Orbital Corporation (NYSE: LLAP) ("Terran Orbital" or the "Company"), a leading small satellite manufacturer primarily serving the United States aerospace and defense industry, today announced financial results and operational highlights for its first fiscal quarter ending March 31, 2022.

First Quarter 2022 Highlights

Generated $13.1 million of revenues, a 25% increase from first quarter of 2021 Signed record $162 million of new contracts during the quarter Record backlog of $222 million as of March 31, 2022, up 200% since December 31, 2021 Awarded 42 satellites for US Space Development Agencys (SDA)... More