Palantir’s Q4 2022 GAAP net income was reported at $31m, marking the ‘first quarter of positive GAAP net income’.

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The company has predicted that its shipbuilding revenue will range from $8.4bn to $8.6bn in FY 2023.

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The company recorded high order rates in the quarter and a backlog of more than $14bn.

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The company expects 2023 sales to be in the range of $38bn to $38.4bn.

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The company-wide backlog was $91.1bn and the total estimated contract value was $127.7bn at the end of the year.

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The company unveiled realignment plans for its business units in 2023.

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The company’s backlog increased by 11% to $150bn, compared to Q4 2021.

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The company said it is on track to deliver expectations for FY23.

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The company has raised its revenue and adjusted diluted EPS guidance for FY23.

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As of 30 September, the company's backlog of orders totalled $14.7bn.

The post Elbit Systems registers $1.34bn in revenue in third quarter of 2022 appeared first on Army Technology.