Terran Orbital Corporation (LLAP) Tops Q3 EPS by 5c, Misses on Revenue; Offers Weak FY23 Revenue Guidance

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Go back to Terran Orbital Corporation (LLAP) Tops Q3 EPS by 5c, Misses on Revenue; Offers Weak FY23 Revenue Guidance

Terran Orbital Reports Record Third Quarter 2023 Financial Results

November 14, 2023 6:30 AM EST

New Bus Designs and Rapid Response Pave the Way for the Future

Record revenue of $43.9 million in 3Q23, up 58% year-over-year $136.2 million LTM revenue, up 87% versus prior 12-month period Gross profit of $9.7 million compared to $37 thousand in 3Q22 Gross margin improved to 22.1% in 3Q23 from 0.1% in 3Q22 Announced over $160 million in new awards since June 30, 2023 Consolidated cash balance in excess of $70 million as of October 31, 2023 Introduced seven new standard bus designs, spanning multiple classes of small... More