Terran Orbital Higher after Reporting Record Annual Revenues

(24/7 MARKET NEWS) – Terran Orbital Corporation (NYSE:LLAP) provided, this morning, a business update, financial results, and operational highlights for the quarter and twelve months ended December 31, 2022.

Terran Orbital’s Full Year 2022 Financial and Operational Highlights include;

• Generated a record $94.2 million of revenue in 2022, an increase of 130% year-over-year

• Delivered a record 19 satellites, including 10 satellites for the Transport Layer of the Space Development Agency (SDA)

• Received $100 million investment in October 2022 from Lockheed Martin and extended Strategic Cooperation Agreement to 2035

• Backlog of $170.8 million at year end, an increase of 131% year-over-year, not including the $2.4 billion Rivada order

• Full year 2022 net loss of $164.0 million compared to net loss of $139.0 million in 2021

Terran Orbital is trading at $1.93, up $0.19 (+10.98), on 820 thousand premarket shares.

Its 52-week trading range is $1.29 to $12.69. Its next key resistance level is $2.

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