)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Terran Orbital
Terran Orbital (LLAP) investor relations material
Terran Orbital has been delisted
Terran Orbital Q2 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2024 earnings summary11 Aug, 2024
Executive summary
Revenue for Q2 2024 was $30.4M, down 6% year-over-year, with a net loss of $35.4M, widening from $28.1M in Q2 2023.
Six-month revenue was $57.6M, down 5% year-over-year, with a net loss of $88.6M, compared to $82.6M in the prior year.
Adjusted EBITDA for Q2 2024 improved to $(17.4)M from $(21.4)M in Q2 2023, but six-month Adjusted EBITDA declined to $(45.6)M from $(43.9)M.
Backlog dropped sharply to $312.7M from $2.7B at year-end 2023, mainly due to the removal of the unpaid portion of the Rivada contract.
Substantial doubt exists about the company's ability to continue as a going concern due to liquidity constraints and upcoming debt covenants.
Financial highlights
Q2 2024 gross profit was $2.8M, up from $0.8M in Q2 2023; six-month gross loss was $(3.3)M, compared to $(0.6)M last year.
Adjusted gross profit for Q2 2024 was $6.1M, up from $2.8M in Q2 2023; six-month adjusted gross profit was $2.6M, down from $5.1M.
Cash and cash equivalents were $30.6M as of June 30, 2024, down from $71.7M at year-end 2023; further declined to $14.6M by July 31, 2024.
Long-term debt stood at $187.4M, with total debt at $200.4M as of June 30, 2024.
Q2 2024 net loss per share was $(0.17), compared to $(0.18) in Q2 2023.
Outlook and guidance
Management warns that current cash is insufficient to meet obligations over the next twelve months without additional funding.
The company is exploring strategic options, including debt or equity financing, asset sales, or a potential sale of the company.
Uncertainty remains regarding compliance with EBITDA financial covenants by year-end 2024; failure could trigger debt acceleration.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Terran Orbital
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
Frequently asked questions
Terran Orbital Corporation, together with its subsidiaries, provides satellite solutions in the aerospace and defense industry in the United States. The company designs, develops, launches, and operates a constellation of earth observation satellites that has synthetic aperture radar capabilities to provide earth observation data and mission solutions. It also offers end-to-end satellite solutions for various missions across a range of applications. The company was founded in 2013 and is headquartered in Boca Raton, Florida.