Terran Orbital Corporation (LLAP)
NYSE NYSE Primary 
Terran Orbital unveils $98M at-the-market offering program
Terran Orbital (NYSE:LLAP) announced the launch of an at-the-market offering program which will raise up to $98 million. The satellite product manufacturer said that per certain of its debt documents, it is limited to selling 26,362,513 shares of its stock under the ATM program unless it obtains the required consent to sell more shares.
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Terran Orbital named "Best Business of the Year" by Greater Irvine Chamber
Terran Orbital (NYSE:LLAP) has been recognized as one of the Best Businesses of the Year by the Greater Irvine Chamber. COO Peter Krauss accepted the award on behalf of Terran Orbital (NYSE:LLAP) from Dave Coffaro, Interim President and CEO of the Greater Irvine Chamber, and Lisa Thomas, Chair of the Board.
Terran Orbital and Hanwha Systems ink MOU for advanced satellite solutions
Terran Orbital (NYSE:LLAP) announced the signing of a Memorandum of Understanding (MOU) with Seoul, South Korea-headquartered Hanwha Systems to develop state-of-the-art solar and satellite solutions through Hanwha Systems and its subsidiary Flexell Space. The satellite manufacturer said the strategic partnership seeks to boost the defense capabilities of the US and South Korea by providing cutting-edge solutions to warfighters and establishing a robust supply base.
Terran Orbital expands role in NASA's rapid spacecraft acquisition contract
Terran Orbital (NYSE:LLAP) announced the expansion of its capabilities under NASA's long-standing multi-participant Rapid Spacecraft Acquisition (Rapid IV) Indefinite-Delivery/Indefinite-Quantity (IDIQ) contract. The manufacturer of satellite products said NASA has on-ramped two additional space vehicle platforms, its Nebula and Ambassador micro space vehicle platforms, in addition to the existing offerings of 6U Triumph and 12U Renegade CubeSats under the contract.
Terran Orbital unveils expanded leadership team
Terran Orbital (NYSE:LLAP) has announced several key appointments to its leadership team that the satellite manufacturer said support its aims to accelerate revenue growth and become cash flow positive. It welcomed Peter Krauss as chief operating officer, Adarsh Parekh as chief financial officer, and Mathieu Riffel as chief accounting officer.
Has Terran Orbital Missed Its Chance to Sell Out to Lockheed Martin?
Terran Orbital is a tiny, unprofitable, debt-laden satellite maker. Nevertheless, Lockheed Martin offered to buy it earlier this year.
Brokers Set Expectations for Terran Orbital Co.’s Q2 2024 Earnings (NYSE:LLAP)
Terran Orbital Co. (NYSE:LLAP – Free Report) – Equities research analysts at B. Riley cut their Q2 2024 earnings per share estimates for shares of Terran Orbital in a report released on Wednesday, May 15th. B. Riley analyst M. Crawford now anticipates that the company will earn ($0.20) per share for the quarter, down from their prior estimate of ($0.17). B. Riley has a “Neutral” rating and a $1.00 price target on the stock. The consensus estimate for Terran Orbital’s current full-year earnings is ($0.70) per share. B. Riley also issued estimates for Terran Orbital’s Q4 2024 earnings at ($0.12) EPS, FY2024 earnings at ($0.72) EPS and FY2025 earnings at ($0.35) EPS. Terran Orbital (NYSE:LLAP – Get Free Report) last posted its quarterly earnings results on Tuesday, May 14th. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.09). The company had revenue of $27.24 million during the quarter, compared to analyst estimates of $41.67 million. During the same quarter in the prior year, the business posted ($0.31) earnings per share. A number of other analysts have also commented on LLAP. Stifel Nicolaus reissued a “buy” rating and set a $7.00 price objective on shares of Terran Orbital in a report on Wednesday, May 15th. HC Wainwright reissued a “buy” rating and set a $3.00 price objective on shares of Terran Orbital in a report on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Terran Orbital presently has a consensus rating of “Hold” and a consensus target price of $4.07. Check Out Our Latest Stock Report on LLAP Terran Orbital Stock Performance LLAP stock opened at $1.00 on Monday. The stock’s 50 day simple moving average is $1.24 and its 200 day simple moving average is $1.03. Terran Orbital has a fifty-two week low of $0.62 and a fifty-two week high of $1.84. The company has a market cap of $201.27 million, a P/E ratio of -1.25 and a beta of 2.24. Hedge Funds Weigh In On Terran Orbital Several institutional investors have recently modified their holdings of LLAP. SG Americas Securities LLC bought a new position in shares of Terran Orbital in the third quarter valued at approximately $35,000. Van ECK Associates Corp grew its holdings in shares of Terran Orbital by 32.8% in the third quarter. Van ECK Associates Corp now owns 57,621 shares of the company’s stock valued at $48,000 after acquiring an additional 14,242 shares in the last quarter. First Wilshire Securities Management Inc. bought a new position in shares of Terran Orbital in the third quarter valued at approximately $578,000. Armistice Capital LLC grew its holdings in Terran Orbital by 13.3% during the third quarter. Armistice Capital LLC now owns 17,364,285 shares of the company’s stock valued at $14,454,000 after purchasing an additional 2,039,285 shares during the period. Finally, Register Financial Advisors LLC grew its holdings in Terran Orbital by 16.1% during the fourth quarter. Register Financial Advisors LLC now owns 293,800 shares of the company’s stock valued at $335,000 after purchasing an additional 40,800 shares during the period. 85.03% of the stock is owned by institutional investors. About Terran Orbital (Get Free Report) Terran Orbital Corporation manufactures and sells satellites for aerospace and defense industries in the United States and internationally. The company offers end-to-end satellite solutions. It engages in the integrated design, manufacture, and assembly of satellites; and management, operation, and provision of information from satellites that are on-orbit on behalf of its customers from its in-house mission operations centers and integrated international ground communications network using its proprietary software both on the satellite and throughout its ground infrastructure. See Also Five stocks we like better than Terran Orbital 5 discounted opportunities for dividend growth investors MarketBeat Week in Review – 5/13 – 5/17 Insider Buying Explained: What Investors Need to Know Take-Two Interactive Software Offers 2nd Chance for Investors What Are Dividend Challengers? Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook
Terran Orbital Corporation (LLAP) Q1 2024 Earnings Call Transcript
Terran Orbital Corporation (NYSE:LLAP ) Q1 2024 Earnings Conference Call May 14, 2024 11:00 AM ET Company Participants Jon Siegmann – Senior Vice President-Corporate Development Marc Bell – Co-Founder, Chairman and Chief Executive Officer Matt Riffel – Acting Chief Financial Officer and Corporate Controller Conference Call Participants Erik Rasmussen – Stifel Scott Buck – H.C. Wainwright Josh Sullivan – Benchmark Robert Spingarn – Melius Research Tassos Recachinas – Sophis Investments LLC Operator Welcome to the Terran Orbital Q1 2024 Earnings Call.
Terran Orbital joins industry group expanding mobile satellite services
Terran Orbital (NYSE:LLAP) announced it has joined the Mobile Satellite Services Association (MSSA), an industry group dedicated to advancing the development direct-to-device (D2D) and IoT connectivity through Non-Terrestrial Network providers to extend mobile coverage globally. MSSA aims to develop a global ecosystem utilizing L- and S-band spectrum already allocated and licensed for mobile satellite services, Terran Orbital (NYSE:LLAP) said.
