Terran Orbital's Financial Juggling: Rivada Agreement, Cash Balance, And Covenant Compliance [Seeking Alpha]
Terran Orbital Corporation (LLAP)
Company Research
Source: Seeking Alpha
Lockheed has made an offer to purchase LLAP for $500 million, but management's refusal to participate in an earnings call raises concerns. LLAP's reliance on the Rivada contract, its high share-based compensation, and its high debt burden pose significant challenges for the company's future. Introduction This will be a continuation of my coverage from August of last year. Terran Orbital Corporation ( NYSE: LLAP ) is a manufacturing company focused on the production of satellites for civilian and defense applications. Over the last few years LLAP has seen a large increase in revenue from $40.9 Million in 2021 to $94.2 Million in 2022 and now up to $136 Million in 2023. This growth has not come profitably though, LLAP has struggled to produce satellites profitably with negative gross profit in 2022 and a barely positive gross in 2023. This signifies that they are unable to control costs at the manufacturing level and/or they incorrectly priced their products when selling them.
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LLAP
News
- Terran Orbital's Tyvak International Centauri-6 Satellite Successfully Deployed into Orbit [Yahoo! Finance]Yahoo! Finance
- Terran Orbital's Tyvak International Centauri-6 Satellite Successfully Deployed into OrbitBusiness Wire
- Terran Orbital Showcases Key Programs at 2024 Space Symposium [Yahoo! Finance]Yahoo! Finance
- Terran Orbital Showcases Key Programs at 2024 Space SymposiumBusiness Wire
- SoFi, Amazon, Dell, Micron, and Other Tech Stocks in Focus Today [Yahoo! Finance]Yahoo! Finance
LLAP
Earnings
- 4/1/24 - Miss
LLAP
Sec Filings
- 4/24/24 - Form 8-A12B/A
- 4/18/24 - Form 8-K
- 4/10/24 - Form ARS
- LLAP's page on the SEC website