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Terran Orbital Grows Revenue 44% in 2023, Regains Listing Compliance

By Rachel Jewett

Wednesday, April 3rd, 2024

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Terran Orbital Grows Revenue 44% in 2023, Regains Listing Compliance

Marc Bell, chairman and CEO, Terran Orbital. Photo: Terran Orbital

Terran Orbital [LLAP] grew revenue in 2023 by 44% compared to 2022, but the company posted a net loss larger than its revenue. Terran Orbital issued its full year results on Monday as it is going through a “strategic review” after receiving a takeover offer from Lockheed Martin [LMT]. Separately, the company regained compliance with the minimum stock price for the New York Stock Exchange. The company’s stock has been trading at over $1 since late February. Terran Orbital reported $135.9 million in…

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