Welcome to our dedicated page for Telos news (Ticker: TLS), a resource for investors and traders seeking the latest updates and insights on Telos stock.
Telos Corporation (NASDAQ: TLS) is frequently in the news for its activities in cyber, cloud and enterprise security, as well as its role as an authorized TSA PreCheck enrollment provider. The TLS news feed on Stock Titan aggregates company-issued announcements and other coverage so readers can follow how Telos executes on its security and compliance-focused business.
Recent Telos news highlights include cyber governance, risk and compliance (GRC) engagements with large commercial customers and U.S. federal agencies. The company has reported on renewals and expansions of cyber GRC and security operations support for large-scale commercial cloud environments, including work that involves maintaining authorities to operate (ATOs) and pursuing new authorizations across multiple cloud product lines. Telos has also announced the first enterprise-wide federal deployment of Xacta.ai, the AI capability at the core of its Xacta cyber GRC platform.
Investors and observers can use the TLS news page to monitor announcements about government contracting developments, such as Telos’ selection for the Missile Defense Agency’s SHIELD IDIQ contract, as well as updates on its TSA PreCheck enrollment network across many U.S. states and territories. The company also issues press releases related to quarterly financial results, investor conference participation and liquidity commentary, which are reflected in its news flow.
By reviewing the TLS news stream, readers can see how Telos communicates about its cyber GRC offerings, TSA PreCheck enrollment expansion, AI-enabled compliance capabilities and financial reporting milestones. Bookmark this page to access a consolidated view of Telos Corporation news, from contract awards and product updates to earnings announcements and investor events.
Telos Corporation (NASDAQ: TLS) reported $55.8 million in revenue for Q2 2022, exceeding expectations, and a gross margin of 37.5%, up 374 basis points year-over-year. The company generated $7.9 million in cash flow from operations and initiated a $3.0 million stock buyback program. Adjusted net income was $2.8 million, translating to $0.04 per share. Despite positive operational cash flow, the company anticipates revenue growth to slow in the second half of 2022, and has updated its full-year revenue guidance to $226 - $242 million.
Telos Corporation (NASDAQ: TLS) will report its second quarter financial results on August 9, 2022, before market opening. A webcast discussing the results and future business outlook will take place at 8:30 a.m. ET on the same day. Telos provides cybersecurity, cloud security, and enterprise security solutions to highly security-conscious organizations, including commercial enterprises and government customers worldwide. The company is known for its continuous security assurance solutions encompassing IT risk management and identity access management.
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Telos Corporation (NASDAQ: TLS) has announced a share repurchase program worth up to $50 million. This initiative reflects the Board of Directors' confidence in the company's performance and its commitment to enhancing shareholder value.
The repurchase will occur through various means, including open market transactions, with no set expiration date. Telos plans to fund the buyback through its existing cash reserves, which stood at $120.2 million as of March 31, 2022.
Telos Corporation (NASDAQ: TLS) announced CEO John B. Wood and CFO Mark Bendza will participate in the 22nd Annual B. Riley Securities Institutional Investor Conference on May 25-26, 2022.
As a leader in cybersecurity solutions, Telos protects the world's most security-conscious organizations with offerings that include IT risk management, cloud security, identity and access management, and more. The company serves a diverse clientele, including governmental and commercial sectors.
Telos Corporation (NASDAQ: TLS) reported first-quarter 2022 revenue of $50.2 million, exceeding guidance, with a 30% year-over-year increase in gross profit to $18.9 million. Gross margin expanded by over 1,100 basis points to 37.6%. The company generated $14.4 million in cash flow from operations. Despite these gains, Telos experienced a GAAP net loss of $(15.0 million). The launch of Telos Advanced Cyber Analytics aims to enhance cybersecurity capabilities. The company reaffirmed its full-year guidance, projecting revenue between $226 million and $257 million.
Telos Corporation (NASDAQ: TLS) will announce its first quarter financial results on May 10, 2022, before market open. A webcast is scheduled for 8:30 a.m. ET where management will discuss the results and the business outlook. Telos specializes in cybersecurity, cloud security, and enterprise security solutions for various sectors, including government and regulated industries. The company aims to empower organizations with continuous security assurance for individuals and information, making it a key player in the security solutions market.
Telos Corporation (NASDAQ: TLS) has launched its new Xacta 360 Lite for Cybersecurity Maturity Model Certification (CMMC) Virtual Machine Infrastructure. This solution aims to assist defense contractors in automating the CMMC assessment process, which is essential for safeguarding unclassified information. With approximately 300,000 federal contractors needing CMMC compliance, the offering allows for streamlined navigation through the certification process, managing compliance across multiple contracts, and accessing essential training materials. The product is now available on the Azure Marketplace.
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Telos Corporation (NASDAQ: TLS) has launched its Telos Advanced Cyber Analytics (ACA) solution, enhancing cybersecurity for organizations facing evolving threats. This tool provides automated and actionable threat intelligence to identify malicious activity with greater speed and accuracy. With ACA, customers can detect threats earlier, reveal unknown attacks, and deliver key analytics to executives without costly overhead. CEO John B. Wood emphasizes the need to adapt to sophisticated cyber threats, as traditional defenses may be inadequate.