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 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.
Telos Corporation (NASDAQ: TLS) announced key investor engagements featuring CEO John B. Wood and CFO Mark Bendza. They will present at several major conferences:
- B. Riley Securities Summer Summit: August 18, 2021, Santa Monica, CA
- BMO 2021 Technology Summit: August 25, 2021, 12:00 p.m. ET (Virtual)
- Colliers Securities Conference: September 9, 2021 (One-on-one meetings)
- D.A. Davidson Software and Internet Conference: September 9, 2021, 3:30 p.m. ET (Virtual)
Presentations will be streamed live and archived on Telos' investor relations site.
Telos Corporation (NASDAQ: TLS) reported Q2 2021 revenues of $52.6 million, reflecting an 8% increase and a 48% increase when excluding a contract with the U.S. Census Bureau. Gross profit rose 17% to $20.6 million, expanding gross margin by 290 basis points to 39.1%. The company generated $3.5 million in cash flow from operations and reaffirmed its sales guidance for 2021 between $283 million and $295 million. Telos has made significant strides with new contracts and partnerships, highlighting strong demand for its security solutions.
Telos Corporation has launched Xacta 360 1.7, enhancing its cyber risk management platform with new capabilities for machine-readable data exchange, including support for OSCAL standards. This update introduces Essential Data Exchange (EDE), streamlining compliance management and enabling efficient data sharing for assessments and audits. The OSCAL feature allows faster submission of FedRAMP security plans, potentially accelerating approval and revenue generation for federal cloud applications. The platform is tailored for highly regulated organizations, replacing outdated methods with modern, data-centric approaches.
Telos Corporation (NASDAQ: TLS) has acquired Diamond Fortress Technologies assets, including touchless fingerprinting software ONYX, to enhance its IDTrust360 platform. This acquisition adds valuable biometric patents, enabling Telos to better serve sectors like transportation, healthcare, and financial services. The contactless biometrics market is projected to grow from $7 billion in 2019 at a CAGR of 20% until 2027. Telos aims to streamline biometric data collection, improving customer service with the expanded technology.
Telos Corporation (NASDAQ: TLS) will release its second quarter 2021 financial results on August 16, 2021, after market close. A conference call and webcast will follow at 4:30 p.m. ET to discuss the results and business outlook. Telos specializes in cybersecurity, cloud security, and enterprise security solutions, catering primarily to government agencies and commercial organizations worldwide. Investors can access the call through a dedicated phone line and also view a replay on the Investor Relations website.
Telos Corporation (NASDAQ: TLS) appointed Mark Bendza as its new CFO effective July 19, 2021. Bendza has over 20 years of finance experience, previously holding a vice president role at Honeywell with a focus on investor relations. He succeeds Michele Nakazawa, who served as CFO for over 17 years and will transition to assist with continuity. CEO John B. Wood highlighted Bendza's skills as vital for Telos's growth trajectory and shareholder engagement, especially following their recent IPO.