Earnings

Annual revenue nears $100 million

0


Terran Orbital, a specialist in manufacturing small satellites, reported fourth-quarter results on Tuesday, with annual revenue nearing $100 million as it continued to build its order backlog.

For the full year of 2022, Terran Orbital brought in $94.2 million in revenue – more than double its 2021 total.

The Irvine, California-based company reported that revenue grew to $31.9 million in the fourth quarter, up from $27.8 million in the third quarter. Terran Orbital’s adjusted EBITDA loss doubled, however, both on a quarter-over-quarter and year-over-year basis, to $26.1 million, which the company attributed to an increase in expenses such as payroll, sales and marketing.

Shares of Terran…



Source cnbc.com

0 0 votes
Article Rating

What the Fed’s 25 basis point interest rate hike means for you

Previous article

Darden Restaurants (DRI) Q3 2023 earnings

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Earnings