Terran Orbital records higher revenues as strategic review continues

WASHINGTON — Terran Orbital reported higher revenues but a significant loss in 2023 as it continues to evaluate options after a takeover bid from Lockheed Martin.
The smallsat manufacturer released its 2023 financial results April 1, reporting revenue for the year of $135.9 million, an increase of 44% over the $94.2 million in revenue the company reported in 2022.
Despite the increase in revenue, Terran Orbital still reported a net loss of $151.8 million for the year, down only slightly from the $164 million net loss the company had in 2022. It has an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) loss of $77.4 million in 2023, slightly worse than the $69.5 million adjusted EBITDA loss in 2022. The company ended 2023 with $71.7 million of cash and equivalents on hand, compared to $93.6 million at the end of 2022.
The company credited the increase in revenue to “continued and increased level of progress made in satisfying our cust

Read More


Learn more about the Magnus Release for Umbra S.S.A.