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) 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.
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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%.
Telos Corporation (NASDAQ: TLS) announced that its fourth quarter and full year 2021 earnings conference call will be held on March 16, 2022, due to delays in its 2021 Form 10-K filing. The delay arises from issues in completing its year-end financial reporting process, particularly regarding internal controls mandated by Sarbanes-Oxley Act Section 404. Despite these challenges, Telos expects its auditors to issue an unqualified opinion on its financial statements, and anticipates results for 2021 that align with prior guidance.
Telos Corporation (NASDAQ: TLS) has announced a $1.5 million contract extension with the National Security Agency (NSA), continuing a 14-year partnership. The contract includes an upgrade to the Xacta 360 solution, enhancing NSA's ability to manage cyber risk across various environments. The new system will provide improved risk management through continuous assessment and better compliance monitoring.
CEO John B. Wood emphasized the importance of this relationship, noting it enables high-quality risk management solutions for critical agency operations.
Telos Corporation (NASDAQ: TLS) will report its fourth quarter and full year 2021 financial results on March 1, 2022. A webcast to discuss the results and company outlook will be held at 8:00 a.m. ET. Telos, a provider of cyber, cloud, and enterprise security solutions, serves various sectors, including government and commercial enterprises. Investors can access the webcast through the company’s Investor Relations website.
Telos Corporation (NASDAQ: TLS) announced strong growth in its Designated Aviation Channeling (DAC) service, securing five renewals and two new clients, including Kalitta Air and Kalitta Charters. Major clients renewing their services include Dayton International Airport and Philadelphia International Airport. The DAC service complies with TSA and DHS standards, enhancing security and efficiency in credentialing and vetting processes. Telos aims to maintain high customer satisfaction, evidenced by long-lasting partnerships with aviation clients, reinforcing its position in the cybersecurity sector.
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