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) provides cybersecurity solutions and secure network infrastructure for government agencies and enterprises requiring high-level protection. This news hub offers investors and security professionals centralized access to official announcements, financial updates, and strategic developments.
Track TLS's progress in cloud security innovations, federal contracting milestones, and IT risk management initiatives. The curated collection includes earnings reports, product launch details, and partnership announcements – all essential for understanding the company's position in the defense technology sector.
Key updates cover TLS's work in identity management systems, TSA PreCheck program expansions, and compliance solutions for regulated industries. Bookmark this page for real-time insights into how Telos addresses evolving cyber threats while maintaining government security standards.
Telos Corporation has released findings from a study indicating that 86% of security professionals worry about protecting critical IT assets. Conducted by Vanson Bourne, the research surveyed 250 professionals, revealing that 99% believe an attack could have societal repercussions. Notably, 83% reported experiencing a cyber attack in the past two years. Most respondents (93%) feel their current protection tools are inadequate. The study suggests a rising need for better security measures, particularly network obfuscation, to guard against complex cyber threats.
Telos Corporation (NASDAQ: TLS) reported impressive financial results for Q3 2021, with revenues reaching $70.1 million, a growth of 48% year-over-year, and 80% excluding a contract with the U.S. Census Bureau. Gross profit increased 57% to a record $26.1 million, while gross margin expanded 229 basis points to 37%. The company generated $12.5 million in cash flow from operations and projected sales guidance of $240 million - $245 million for the year. Despite the strong performance, net loss attributable to Telos was $(5.4 million).
Telos Corporation (NASDAQ: TLS) will have CEO John B. Wood present at the Needham Virtual Security, Networking and Communications Conference on November 16, 2021, at 12:45 p.m. ET. The event can be accessed via a live audio webcast, and the presentation will be archived for later viewing on Telos’ investor relations website. Telos is a prominent provider of cyber, cloud, and enterprise security solutions, catering to highly security-conscious organizations globally.
Telos Corporation (NASDAQ: TLS) has launched the Telos CyberProtect Partner Program, expanding its cybersecurity solutions portfolio in the U.S. public sector through a new partnership with DLT Solutions. This collaboration will enhance access to cybersecurity offerings across major public sector contracts. DLT Solutions will include Telos' products in their channel ecosystem and federal contract vehicles, addressing the growing demand for cybersecurity solutions amid an evolving threat landscape. The partnership aims to provide scalable security solutions for government agencies nationwide.
Telos Corporation (NASDAQ: TLS) has announced a new $3.1 million contract with the National Geospatial-Intelligence Agency (NGA) to enhance its longstanding partnership. This five-year contract focuses on providing additional support for Xacta, Telos’ premier cyber risk management and automation solution. The collaboration aims to assist NGA in efficiently managing cyber risks and ensuring security compliance, continuing an enterprise license for Xacta that has been in place since 2006. The CEO emphasized the importance of this relationship in supporting national security.
Telos Corporation (NASDAQ: TLS) announced it will report its third quarter 2021 financial results before the market opens on November 15, 2021. The company, which specializes in cyber, cloud, and enterprise security solutions, will host a conference call at 8:00 a.m. ET to discuss these results, recent developments, and future outlook. An on-demand replay of the webcast will be available on their Investor Relations website thereafter.
Telos Corporation (NASDAQ: TLS) has secured a $19.4 million task order from the U.S. Air Force to enhance cybersecurity through its Xacta solution.
The project involves the assessment and authorization of sensitive networks, showcasing Telos’s commitment to advancing cyber risk management. CEO John Wood emphasized the importance of this work in improving mission performance for the Air Force, highlighting the ongoing partnership between the two organizations.
FASTTR initiative enhances stackArmor’s ThreatAlert by integrating with Telos’ Xacta and Splunk, aimed at improving security compliance documentation. This partnership seeks to reduce ATO compliance time and costs for independent software providers and regulated defense contractors needing to adhere to complex security regulations like FedRAMP and CMMC. The ThreatAlert ATO Accelerator delivers a dedicated AWS Landing Zone with compliant security services and ATO documentation. The initiative aims to streamline compliance certifications, helping organizations navigate the rising cybersecurity threats effectively.
Telos Corporation (NASDAQ: TLS) announced that its Telos Secure Networks - Core Solutions achieved Capability Maturity Model Integration Development V2.0 Maturity Level 3. This milestone underscores the company's commitment to enhancing customer satisfaction and operational performance. Brendan Malloy, senior vice president, highlighted the importance of adhering to best practices to drive quality and value for clients. The appraisal was performed by Ace Guides, an authorized CMMI Institute service provider.
Telos Corporation (NASDAQ: TLS) has announced significant growth in its Designated Aviation Channeling (DAC) service, with nine customer renewals and new clients, including Pitt-Greenville Airport and Airbahn, over the past four months. The DAC service, which ensures compliance with TSA and DHS standards through comprehensive background checks, continues to gain momentum, showcasing its effectiveness in securing aviation worker identities. The acquisition of Diamond Fortress Technologies aims to enhance biometric data handling via touchless fingerprint technology.
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