Net loss for the first quarter of 2023 was $54.4 million compared to a net loss of $71.4 million for the same period in the prior year.
Adjusted EBITDA was $(22.6) million for the first quarter of 2023, compared to $(14.7) million in the same quarter of 2022.
As of March 31, 2023, Terran Orbital had $57.4 million of cash on hand and approximately $305.3 million in gross debt obligations.
These numbers look bearish to me. I expected better results.
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