05:50 AM EDT, 04/02/2024 (MT Newswires) -- (Updates with the stock move in the headline and the last paragraph.)

Terran Orbital ( LLAP ) reported a Q4 net loss late Monday of $0.21 per diluted share, compared with a $0.34 loss a year earlier.

Analysts polled by Capital IQ expected a loss of $0.20.

Revenue for the quarter ended Dec. 31 was $31.6 million, down from $31.9 million a year earlier.

Analysts expected $32.8 million.

Shares of the company dropped almost 10% in premarket activity Tuesday.

Price: 1.22, Change: -0.13, Percent Change: -9.93