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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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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

Terran reports record revenue and strong partnerships, eyes future growth

Terran's Q1 2023 earnings call highlighted significant revenue growth, strong partnerships, and a positive outlook for 2023 sales. However, challenges in cash flow management and limited information on certain aspects pose areas of concern. The company is well-positioned to capitalize on opportunities beyond current contracts and expand its revenue potential.

Terran Orbital reports record revenue and secures $2.4B contract

Terran Orbital's Q2 performance reflects strong revenue growth and a significant contract win, but ongoing investment is impacting profitability. The company's focus on scaling operations and pursuing a substantial pipeline of opportunities positions it for future growth, despite operational and financial challenges.

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.

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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)---- $LLAP #TerranOrbital--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States and Allied aerospace and defense industries, today announced the company will participate in the Canaccord Genuity 42nd Annual Growth Conference being held at the InterContinental Hotel in Boston, MA. Terran Orbital will conduct one-on-one meetings on Thursday, August 11. Chief Financial Officer Gary Hobart will lead a group presentation at 9:30

Terran Orbital to Participate in the Canaccord Genuity 42nd Annual Growth Conference

BOCA RATON, Fla.--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States and Allied aerospace and defense industries, today announced the company will present at the Jefferies Industrials Conference at the InterContinental New York Barclay on Wednesday, August 10 at 1:00 p.m. ET. Terran Orbital Co-Founder, Chairman, and Chief Executive Officer Marc Bell will present alongside Terran Orbital Chief Financial Officer Ga

Terran Orbital to Present at Jefferies Industrials Conference

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 the three and six months ended June 30, 2022. Second Quarter 2022 Highlights Generated record revenue of $21.4 million, a 127% increase compared to the second quarter of 2021 Record backlog of $224.1 million as of J

Terran Orbital Reports Record Breaking Second Quarter 2022 Financial Results

BOCA RATON, Fla.--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States and Allied aerospace and defense industries, today announced the successful execution of CAPSTONE's TCM-2 burn. The burn occurred in two parts with final success declared on July 26 at 1:45 UTC. As with TCM 1-a and TCM 1-c, this burn confirms the NASA satellite will maintain the proper trajectory to continue charting a groundbreaking path to the

Terran Orbital Concludes TCM-2 for CAPSTONE

BOCA RATON, Fla.--(BUSINESS WIRE)--Terran Orbital Corporation (NYSE: LLAP) (“Terran Orbital” or the “Company”), a global leader in satellite solutions, primarily serving the United States and Allied aerospace and defense industries, today announced it will host the Company's second quarter 2022 results conference call on August 9, 2022 at 9:00 a.m. ET. Participating on the call will be Terran Orbital's Chief Executive Officer, Marc Bell, and Chief Financial Officer, Gary Hobart, who will discus

Terran Orbital Schedules Conference Call to Discuss Second Quarter 2022 Financial Results

BOCA RATON, Fla.--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States and Allied aerospace and defense industries, today announced the commissioning of the Fleet Space CENTAURI-5 payload. The payload provides Machine to Machine (M2M) and Internet of Things (IoT) connectivity to ground terminals and is an improved version of the payloads flown on CENTAURI-3 and CENTAURI-4. Fleet Space Technologies enlisted Tyvak In

Terran Orbital Commissions Fleet Space CENTAURI-5 Payload

BOCA RATON, Fla.--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States and Allied aerospace and defense industries, today announced the successful completion of CAPSTONE's second TCM burn. Much smaller than the first TCM burn, this second TCM burn demonstrates the spacecraft's ability to perform small and precise maneuvers, a capability that is critical to operations in a Near Rectilinear Halo Orbit (NRHO). The man

Terran Orbital Executes CAPSTONE's Second TCM Burn

BOCA RATON, Fla.--(BUSINESS WIRE)--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States and Allied aerospace and defense industries, today announced the appointment of Jonathan Siegmann as Senior Vice President of Corporate Development. Mr. Siegmann will lead Terran Orbital's investor relations, M&A, and venture efforts among other development initiatives. Marc Bell, Terran Orbital's Co-Founder, Chairman, and Chief Executive Of

Terran Orbital Appoints Jonathan Siegmann as Senior Vice President of Corporate Development

BOCA RATON, Fla.--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States and Allied aerospace and defense industries, today announced the successful completion of CAPSTONE's first TCM burn (TCM-1). As the first statistical maneuver of the mission, TCM-1 is designed to clean up expected dispersions from the launch vehicle injection – enabling CAPSTONE to continue its pathfinding lunar journey in support of NASA's Arte

Terran Orbital Successfully Completes CAPSTONE's First TCM Burn

BOCA RATON, Fla.--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States and Allied aerospace and defense industries, today announced the successful deployment of the CAPSTONE spacecraft from a Rocket Lab Lunar Photon into a Lunar Transfer Orbit. The Terran Orbital designed, built, and integrated Cislunar Autonomous Positioning System Technology Operations and Navigation Experiment, otherwise known as CAPSTONE, is fl

CAPSTONE Satellite, Designed and Built by Terran Orbital, Successfully Deploys from Rocket Lab Lunar Photon into Lunar Transfer Orbit

BOCA RATON, Fla.--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States aerospace and defense industry, today announced its Pathfinder Technology Demonstrator 3 (PTD-3) satellite has completed bus commissioning with all health and status checkouts nominal. Terran Orbital designed and built the PTD-3 satellite in support of NASA's PTD series of missions. The missions will test the operation of a variety of novel smal

Terran Orbital Completes NASA Pathfinder Technology Demonstrator 3 Bus Commissioning Less Than One Week After Launch

BOCA RATON, Fla.--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States and Allied aerospace and defense industries, hosted Lockheed Martin and the Space Development Agency (SDA) at Terran Orbital's newly expanded state-of-the-art Irvine, Calif. facilities. Lockheed Martin and SDA made the visit in celebration of Terran Orbital's successful delivery of the first of ten satellite buses to Lockheed Martin in support o

Lockheed Martin and Space Development Agency Tour Expanded State-of-the-Art Terran Orbital Facilities

BOCA RATON, Fla.--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States and Allied aerospace and defense industries, today announced the successful launch of the CAPSTONE satellite. The Terran Orbital designed and built Cislunar Autonomous Positioning System Technology Operations and Navigation Experiment, otherwise known as CAPSTONE, launched this morning at 9:55 UTC / 5:55 a.m. EDT / 2:55 a.m. PDT aboard Rocket La

Terran Orbital Developed CAPSTONE Heads to the Moon

BOCA RATON, Fla.--(BUSINESS WIRE)--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States and Allied aerospace and defense industries, today announced that it has been selected to be included in the Russell 3000® Index at the conclusion of the 2022 Russell indexes annual reconstitution, effective after the U.S. market opens today, Monday, June 27, 2022. Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of

Terran Orbital Set to Join Russell 3000® Index

Rocket Lab USA

Terran Orbital Corp (NYSE: LLAP) revealed the successful integration of the CAPSTONE spacecraft aboard the Rocket Lab USA, Inc (NASDAQ: RKLB) Rocket Lab Electron rocket. Terran Orbital designed and built satellite is flying a pathfinding mission to the moon in support of.

Terran Orbital Installs CAPSTONE Aboard Rocket Lab Electron Rocket

BOCA RATON, Fla.--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States and Allied aerospace and defense industries, today announced the successful integration of the CAPSTONE spacecraft aboard the Rocket Lab Electron rocket. The Terran Orbital designed and built satellite is flying a pathfinding mission to the moon in support of NASA's historic Artemis program. The Terran Orbital team produced CAPSTONE's hardware,

Terran Orbital Integrates CAPSTONE Aboard Rocket Lab Electron Rocket

TURIN, Italy--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the aerospace and defense industries, today announced its wholly-owned subsidiary, Tyvak International SRL, has together with its partners, achieved full Critical Design Review of the Milani spacecraft. A critical component of the Hera planetary defense mission, Milani will be the European Space Agency's (ESA) first deep-space nanosatellite. Milani will also be the f

Tyvak International, a Terran Orbital Company, Completes Critical Design Review of Deep Space Bound Milani Satellite

BOCA RATON, Fla.--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States and Allied aerospace and defense industries, today announced bus commissioning for the CENTAURI-5 satellite has concluded with nominal health and status checkouts. Tyvak International SRL, Terran Orbital's wholly-owned international subsidiary, designed and built the Low Earth Orbit (LEO) satellite for Fleet Space Technologies. CENTAURI-5 adds c

Terran Orbital Concludes Fleet Space CENTAURI-5 Bus Commissioning

BOCA RATON, Fla.--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States aerospace and defense industry, today announced that it will present at the Stifel 2022 Cross Sector Insight Conference. The conference will take place June 7-9 in Boston. Terran Orbital Chief Financial Officer Gary Hobart will present at 3:35 p.m. ET on June 9. In addition to the group presentation, one-on-one meetings are being held. To schedu

Terran Orbital to Present at Stifel 2022 Cross Sector Insight Conference

BOCA RATON, Fla.--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States aerospace and defense industry, today announced all six Terran Orbital designed and built satellites that launched on the SpaceX Falcon 9 rocket as part of the Transporter-5 mission have successfully deployed on their journey to Low Earth Orbit (LEO). The Terran Orbital satellites include two NASA CubeSat Proximity Operations Demonstration (CPOD

All Six Terran Orbital Designed and Built Satellites Successfully Deploy From SpaceX Transporter-5

BOCA RATON, Fla.--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Terran Orbital Corporation (NYSE: LLAP), a global leader in small satellite solutions, primarily serving the United States aerospace and defense industry, today announced that its subsidiary, PredaSAR Corporation, received a contract award from the Defense Advanced Research Projects Agency (DARPA) under an Other Transaction Authority for Prototype Agreement. Specific terms of the Agreement were not disclosed. This Agreement aims to research synthetic aperture

Terran Orbital Announces Defense Advanced Research Projects Agency Contract Award

BOCA RATON, Fla.--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States aerospace and defense industry, today announced it delivered its CubeSat Proximity Operations Demonstration (CPOD) satellite to the Cape Canaveral Space Force Station in Florida for integration into the SpaceX Transporter-5 launch vehicle. The CPOD project is being led by Terran Orbital with funding from NASA's Small Spacecraft Technology progra

Terran Orbital Delivers NASA's CubeSat Proximity Operations Demonstration to SpaceX Transporter-5 for Launch

Terran Orbital Corporation (NYSE:LLAP ) Q1 2022 Earnings Conference Call May 13, 2022 8:30 AM ET Company Participants Marc Bell – Co-Founder, Chairman & Chief Executive Officer Gary Hobart – Chief Financial Officer, Executive Vice President Conference Call Participants Greg Konrad – Jefferies Robert Spingarn – Melius Research Josh Sullivan – The Benchmark Company Austin Moeller – Canaccord Genuity Suji Desilva – ROTH Capital Partners Eric Bippen – Stifel Financial Corp. Ruben Roy – WestPark Capital Operator Hello everyone, and welcome to the Terran Orbital First Quarter 2022 Earnings Call. My name is Victoria and I will be coordinating your call today.

Terran Orbital Corporation (LLAP) CEO Marc Bell on Q1 2022 Results - Earnings Call Transcript

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 qua

Terran Orbital Reports First Quarter 2022 Financial Results

BOCA RATON, Fla.--(BUSINESS WIRE)---- $LLAP #TerranOrbital--A multimedia asset accompanying this release has been removed. The release reads: TERRAN ORBITAL SHIPS FLEET SPACE CENTAURI-5 SATELLITE TO CAPE CANAVERAL FOR SPACEX TRANSPORTER-5 LAUNCH Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States aerospace and defense industry, today announced it shipped its CENTAURI-5 satellite to Cape Canaveral in preparation for the SpaceX Transporter-5 launch. The CEN

News for Terran Orbital Corp Stock (LLAP)