Terran Orbital falls on Q1 results miss
15/05/2023 11:52
** Shares of satellite manufacturer Terran Orbital Corp
LLAP.N down 3.2% at $1.81 premarket
** Co reports Q1 loss of $0.38/share vs analysts' estimates
of a loss of $0.19/share - Refinitiv
** LLAP's revenue for the quarter was $28.2 mln, missing
estimates of $30.96 mln
** Says it continues to explore raising additional funds in
future through issuance of more debt or equity or other
arrangements
** Forecasts 2023 revenue in excess of $250 mln
** Up to last close, stock up 18.4% YTD
(Reporting by Sri Hari N S in Bengaluru)
((SriHari.NS@thomsonreuters.com))
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