secwatch.observer — SEC 8-K summary
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Issuer:     Terran Orbital Corp (—)
CIK:        0001835512
Form:       8-K
Filed at:   2024-04-01T23:59:59+00:00
Accession:  0000950170-24-039400
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Terran Orbital 2023 revenue $135.9M (+44% YoY); net loss narrows to $151.8M; backlog $2.7B
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- Revenue $135.9M (+44% YoY); gross profit $8.6M improved from $(17.3)M in 2022.
- Net loss $151.8M vs $164.0M in 2022; adjusted EBITDA $(77.4)M.
- Backlog surged to $2.7B from $170.8M, with $2.4B from Rivada Space Networks.
- Cash $71.7M; gross debt $313.8M; manufacturing 78 satellites for Lockheed Martin SDA.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1835512/000095017024039400/0000950170-24-039400-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1835512/000095017024039400/llap-20240401.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-039400

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer