Telos Corp Stock Price, News & Analysis

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.

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.

Telos Corporation (NASDAQ: TLS) has announced a partnership with Carahsoft Technology Corp to enhance cybersecurity solutions for the Public Sector. This partnership allows Carahsoft to distribute Telos’ cutting-edge security technologies, including Telos Ghost and Xacta, to federal, state, local, and educational agencies. With increasing cybersecurity challenges, this collaboration aims to empower public organizations to operate securely and comply with industry regulations. Key offerings are available through several government procurement contracts.

Telos Corporation (NASDAQ: TLS) received a notice from NASDAQ on March 17, 2022, due to non-compliance with filing requirements after failing to submit its Form 10-K by the March 16 deadline. The notice does not affect the trading of shares immediately. Telos has 60 days, until May 15, 2022, to submit a plan to regain compliance, which may grant an extension of up to 180 days to rectify the issue. The company aims to file the 2021 10-K and present a compliance plan to NASDAQ by the deadline.

Telos Corporation (NASDAQ: TLS) reported a 43% increase in quarterly revenue to $64.1 million for Q4 2021, driven by 37% growth in Security Solutions and 49% growth in Secure Networks. Gross profit rose 51% to $24.1 million, expanding gross margin by 196 basis points to 37.7%. Despite these gains, the company posted a GAAP net loss of $5.5 million. For 2022, Telos anticipates revenue guidance of $226 - $276 million, with a year-over-year growth forecast ranging from -7% to 6%.