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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 16M | 16.6% |
| Gross Profit | 2.8M | 145.8% |
| Cost of Revenue | 57M | 8.5% |
| Operating expense | 33M | 3.1% |
| Net Income | -35M | 33.6% |
| EBITDA | -20M | 49% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 189M | 2.1% |
| Total Liabilities | 428M | 6.9% |
| Shares Outstanding | 204M | 1.1% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | -9.1M | 60.1% |
| Cash from investing | -1.7M | 30.1% |
| Cash from financing | -2.3M | 12.3% |
EPS
Financial Highlights for Terran Orbital in Q2 '24
Terran Orbital reported a revenue of 16M, which is a 16.6% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 2.8M, marking a 145.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 57M, a -8.5% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 33M, showing a 3.1% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -35M, showing a 33.6% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -20M, showing a 49% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Terran Orbital with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
