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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

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.

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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.


Terran Orbital Corporation (NYSE:LLAP ) Q3 2022 Earnings Conference Call November 9, 2022 11:00 AM ET Company Participants Jonathan Siegmann - Senior Vice President, Corporate Development Marc Bell - Co-Founder, Chairman and Chief Executive Officer Gary Hobart - Chief Financial Officer Conference Call Participants Elizabeth Grenfell - Bank of America Austin Moeller - Canaccord Genuity Erik Rasmussen - Stifel, Nicolaus & Company Joshua Sullivan - The Benchmark Company Gregory Konrad - Jefferies Michael Crawford - B. Riley Securities Robert Spingarn - Melius Research Alex Owen - Fuel Venture Capital Operator Hello, and welcome to today's Terran Orbital 3Q 2022 Earnings Call.

Terran Orbital Corporation (LLAP) Q3 2022 Earnings Call Transcript

Terran Orbital went public via a merger with SPAC company Tailwind Two Acquisition, but was launched in 2013 and has had numerous private and public customers. The timing of the March 2022 IPO wasn't under ideal economic conditions, but demand for its services is growing, with a backlog of $198 million.

Terran Orbital: Market Not Pricing In Positive Catalysts

Terran Orbital Reports Third Quarter 2022 Financial Results Including Another Quarter of Record Revenue

Terran Orbital CEO Marc Bell and CFO Gary Hobart to Present at Deutsche Bank 2022 Virtual Global Space Summit

Terran Orbital's Gary Hobart to Present at 52nd Annual Baird Global Industrial Conference

The stock price of Terran Orbital (LLAP) increased by 5.34% in the most recent trading session. This is why.

Terran Orbital (LLAP) Stock Increased 5.34%: Details

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

Lockheed Martin

Aerospace giant Lockheed Martin is deepening its investment in satellite manufacturer Terran Orbital with a $100 million investment and a cooperation agreement for the development and sale of smallsats through 2035. Terran also announced that it will now build its massive, $300 million space vehicle manufacturing facility in Irvine, California, not Florida as originally planned.

Lockheed Martin increases its bet on satellite manufacturer Terran Orbital with $100 million investment

Terran Orbital (NYSE: LLAP ) stock surged as high as $3.41 this morning after receiving a massive $100 million investment from Lockheed Martin (NYSE: LMT ). After that high, LLAP stock closed the day at $2.62, up more than 2%.

Terran Orbital (LLAP) Stock Surges on $100 Million Investment From Lockheed Martin

Shares of spacecraft manufacturer Terran Orbital rose Monday after the company added $100 million via an investment from existing shareholder Lockheed Martin.

Terran Orbital stock rises after spacecraft builder raises $100 million from Lockheed Martin

Terran Orbital's future is now firmly hitched to Lockheed Martin.

Why Terran Orbital Stock Just Jumped 14%

Terran Orbital Receives $100 Million Investment from Lockheed Martin

Terran Orbital's Marc Bell to Present at ASCEND 2022 Alongside Lockheed Martin's Joe Rickers and the Space Development Agency's Dr. Frank Turner

Terran Orbital-Developed PropCube Finds New Home at Smithsonian's National Air and Space Museum

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 Co-Founder, Chairman, and Chief Executive Officer Marc Bell will present at the 2022 MilSat Symposium. The symposium takes place October 13-14 at the Computer History Museum in Mountain View, Calif. Bell will present on the Crafting Launch Services for DoD Requirements panel on October

Terran Orbital's Marc Bell to Present at 2022 MilSat Symposium

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 its participation in Satellite Innovation 2022. The conference comprises the first part of Silicon Valley Space Week and takes place October 11-12 at the Computer History Museum in Mountain View, Calif. Terran Orbital Chief Revenue Officer Marco Villa will present on the Market Analysi

Terran Orbital to Present at Satellite Innovation 2022

TURIN, Italy--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Tyvak International SRL, a leading European nano and microsatellite provider based in Torino, Italy, today announced its participation in the University of Padova's 800th Anniversary Celebration on Saturday, October 1 at 5:00 p.m. CEST. As part of the celebration, Tyvak International's Vice President of Programs and Program Manager for the Hera Milani satellite, Margherita Cardi, will present on the NASA and ESA Join Forces to Defend Earth from Asteroids: The DART

Tyvak International Vice President of Programs Margherita Cardi to Present at University of Padova 800th Anniversary Celebration

TURIN, Italy--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Tyvak International SRL, a leading European nano and microsatellite provider based in Torino, Italy, today announced it will participate in the NASA DART Impact Event on September 26 from 5:00 p.m. to 9:00 p.m. ET, located on campus at Johns Hopkins University. Tyvak International's Vice President of Programs and Program Manager for the Hera satellite, Margherita Cardi, will help operate ESA's Hera display at the event and will be available for media questions. DA

Tyvak International SRL to Participate in NASA DART Impact Event

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 Co-Founder, Chairman, and Chief Executive Officer Marc Bell will present at the 2022 Air, Space & Cyber Conference on September 21 at 1:50 p.m. ET. The conference will take place at the Gaylord National Convention Center in National Harbor, MD. Bell will present on the Space Innova

Marc Bell to Present at AFA Air, Space & Cyber 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 Co-Founder, Chairman, and Chief Executive Officer Marc Bell will present at the Benzinga All Access event on Friday, September 16. The event will feature in-depth one-on-one conversations with executives across a wide range of industries and asset classes. Bell's interview will be broa

Terran Orbital Co-Founder, Chairman, and Chief Executive Officer Marc Bell to Present on Benzinga All Access

TURIN, Italy--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Tyvak International SRL, a leading European nano and microsatellite provider based in Torino, Italy, today announced its participation in ESA's media briefing for NASA's DART Mission. The briefing will take place on Thursday, September 15 at 14:00 CET. Tyvak International's Vice President of Programs and Program Manager for the Hera Milani satellite, Margherita Cardi, will be on the call and available for media questions. Main presenters include: Ian Carnelli, Her

Tyvak International SRL to Participate in ESA Media Briefing for NASA's Dart Mission

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 its participation in the 25th Annual World Satellite Business Week. The conference will take place at The Westin Paris – Vendôme from September 12-16. Marco Villa, Chief Revenue Officer at Terran Orbital, will present during the Smallsat Manufacturing: Reaching New Development Stages p

Terran Orbital's Marco Villa to Present at 25th Annual World Satellite Business Week

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 its participation in the 28th Annual Gabelli Funds Aerospace & Defense Symposium. The symposium will take place at the Harvard Club of New York City on Thursday, September 8, and can be attended in person or virtually. Terran Orbital Co-Founder, Chairman, and Chief Executive Office

Terran Orbital Co-Founder, Chairman, and Chief Executive Officer Marc Bell to Present at 28th Annual Gabelli Funds Aerospace & Defense Symposium

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 CAPSTONE spacecraft successfully achieved its highest altitude – a point known as apogee – at 2:35 p.m. E.T. on August 26. Terran Orbital developed and co-operates the Cislunar Autonomous Positioning System Technology Operations and Navigation Experiment, otherwise known as CAPSTON

CAPSTONE Goes the Distance for NASA's Artemis Program

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, has concluded final launch preparations for LunIR. The groundbreaking lunar satellite will launch aboard NASA's Space Launch System (SLS) as part of the Artemis I mission. The rocket is set to launch from Kennedy Space Center on August 29 at 8:33 a.m. E.T. LunIR will take images of the lunar surface w

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