The drop makes zero sense? Hehehe
$Terran Orbital(LLAP.US$ Terran Orbital Corp (LLAP) Reports Record 2023 Revenue, Aligns with Analyst Projections
Mon, 1 April 2024 at 5:52 PM GMT-4
• Revenue: Record $135.9 million, a 44% year-over-year increase, aligning with analyst estimates.
• Gross Profit: $8.6 million, a significant improvement from the previous year's loss of $17.3 million.
• Net Loss: Reduced to $151.8 million from the prior year's $164 million, showcasing a narrowing loss.
• Cash Balance: Ended the year with a healthy cash balance of $71.7 million.
• Backlog: Substantial backlog of $2.7 billion, indicating strong future revenue potential.
• Capital Expenditures: Increased slightly to $23.1 million in 2023 from $22.5 million in 2022.
• New Contracts: Secured over $2.7 billion in new awards, representing more than 360 satellites.
Mon, 1 April 2024 at 5:52 PM GMT-4
• Revenue: Record $135.9 million, a 44% year-over-year increase, aligning with analyst estimates.
• Gross Profit: $8.6 million, a significant improvement from the previous year's loss of $17.3 million.
• Net Loss: Reduced to $151.8 million from the prior year's $164 million, showcasing a narrowing loss.
• Cash Balance: Ended the year with a healthy cash balance of $71.7 million.
• Backlog: Substantial backlog of $2.7 billion, indicating strong future revenue potential.
• Capital Expenditures: Increased slightly to $23.1 million in 2023 from $22.5 million in 2022.
• New Contracts: Secured over $2.7 billion in new awards, representing more than 360 satellites.
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Jaguar8 : Wow this is a very positive financial report
TrytosaveabitOP Jaguar8: I know right
Jaguar8 : Doesn’t make sense why it dropped
Jaguar8 : Don’t they understand a financial statement