LLAP - Terran Orbital GAAP EPS of -$0.23 in-line revenue of $21.36M beats by $0.79M
- Terran Orbital press release ( NYSE: LLAP ): Q2 GAAP EPS of -$0.23 in-line.
- Revenue of $21.36M (+127.0% Y/Y) beats by $0.79M .
- Record backlog of $224.1M as of June 30, 2022, up 200% since December 31, 2021.
- Adjusted EBITDA was -$14.8M compared to -$2.5M in the same period in the prior year.
- The company reiterates its expectation to deliver all ten buses in 2022 to Lockheed Martin in support of the SDA Transport Layer Tranche 0 and has commenced work on the next forty-two satellites for Tranche 1, which we expect to begin delivering in 2023.
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Terran Orbital GAAP EPS of -$0.23 in-line, revenue of $21.36M beats by $0.79M