Telos Corporation reports developments in cyber, cloud and enterprise security solutions for government agencies, regulated industries and global enterprises. Its updates commonly cover financial results, investor events, the Xacta® cyber governance, risk and compliance platform, identity and biometric solutions, secure networks and communications, and TSA PreCheck® enrollment services.
Company news also includes authorization and compliance milestones for Xacta modules, expansion of TSA PreCheck enrollment access, and business outlook commentary tied to recurring earnings releases.
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Telos Corporation (NASDAQ: TLS) announced that it will report its first quarter 2023 financial results on May 10, 2023. The management will conduct a webcast at 8:30 a.m. ET to discuss the Company’s performance and outlook. Telos focuses on providing cybersecurity, cloud security, and enterprise security solutions to highly security-conscious organizations, including commercial enterprises and government clients. The webcast will be accessible on their investor relations website, offering an on-demand replay for those unable to attend live.
Telos Corporation (NASDAQ: TLS) reported $47.3 million in revenue for Q4 2022, down from $64.1 million in Q4 2021, with a GAAP net loss of $14.2 million. The full year revenue reached $216.9 million, and gross margin improved by 95 basis points to 38.6%. However, the company forecasted a significant revenue drop in 2023 due to the wind-down of large programs and insufficient new business wins. Full-year cash flow from operations was $16.5 million, with $11.2 million in free cash flow utilized for share repurchases. New senior leaders were appointed to enhance growth and customer solutions.