Telos Corp Stock Price, News & Analysis

Telos Corporation (NASDAQ: TLS) has partnered with Zscaler to utilize its enterprise cyber risk management framework, Xacta, for automating FedRAMP and DoD authorizations. This phased implementation will begin with Zscaler's current System Security Plan and extend to new integrations enhancing compliance efficiency for federal clients. John B. Wood, CEO of Telos, expressed optimism about future collaboration to streamline IT security compliance.

The integration aims to meet evolving regulatory requirements as agencies transition to complex multi-cloud environments.

Telos Corporation (NASDAQ: TLS) has appointed Nathan Lefebvre as program manager to lead digital identity initiatives in the transportation sector. With over 20 years of experience, including key roles at the TSA, Lefebvre's expertise in security technologies and screening processes is expected to enhance Telos' momentum in digital identity solutions. This strategic hire aligns with Telos’ commitment to innovative security measures and growing its identity solutions in response to future airport security and traveler screening needs.

Telos Corporation (NASDAQ: TLS) has formed a strategic partnership with Johnson Controls to integrate Telos Ghost into the OpenBlue Cloudvue Gateway. This collaboration aims to enhance security and privacy for customers by embedding a virtual obfuscation network that conceals camera sources and destination information. The integration will benefit multiple sectors including education and healthcare. The partnership is expected to create significant market opportunities and bolster Telos's presence in the IoT space.

Telos Corporation (NASDAQ: TLS) has partnered with Omnilert to integrate the Telos Ghost virtual obfuscation network into the Omnilert Gun Detect system. This partnership enhances the AI-powered visual gun detection solution, improving security measures in active shooter situations. The integration allows for source location masking and will be jointly marketed across sectors like education and healthcare. This collaboration emphasizes Telos’ commitment to leveraging cybersecurity technology for public safety.

Telos Corporation (NASDAQ: TLS) announced preliminary financial results for Q4 and FY 2020, projecting total revenue of approximately $44.7 million for Q4 and $179.7 million for the full year. Gross profit is expected to be around $15.8 million for Q4 and $62.2 million for the year, showing year-over-year growth. The release of full earnings will coincide with the Annual Report on Form 10-K, due by March 31, 2021. The company will provide 2021 guidance during this release, while acknowledging that preliminary results are subject to audit.

Telos Corporation (NASDAQ: TLS) has announced that the Social Security Administration (SSA) has exercised the first option year of its contract for the Xacta cybersecurity solution. This contract, originally awarded in September 2019, enhances SSA's cyber risk management by allowing ongoing assessments and continuous monitoring of systems. The Xacta solution improves data collection, risk management decisions, and compliance monitoring, transitioning SSA to more dynamic cybersecurity authorizations. The contract renewal is expected to bolster Telos's position in the cybersecurity sector.

Telos Corporation (NASDAQ: TLS) will release its fourth quarter and full year 2020 financial results on March 4, 2021, after market close. A conference call to discuss the results and future outlook is scheduled for 4:30 p.m. ET. Telos specializes in cybersecurity, cloud, and enterprise security solutions, catering to security-conscious organizations globally, including military and government agencies. The company's commitment to providing continuous security assurance is key to its business operations.

Telos Corporation (NASDAQ: TLS) has secured a renewed contract with the City of Philadelphia to provide Transportation Security Administration (TSA)-approved Designated Aviation Channeling (DAC) services at Philadelphia International Airport (PHL). This three-year contract will enhance credentialing operations by improving data integrity and reducing costs. Since 2017, Telos has facilitated background checks for aviation workers at PHL, integrating DAC services with the airport's identity management system. The web-based solution complies with TSA and Department of Homeland Security requirements.

Telos Corporation (NASDAQ: TLS) has secured a contract worth approximately $13.5 million from the FBI. This contract entails the deployment of Telos' Xacta solution to enhance governance, risk management, and compliance (GRC) within the Bureau's cyber security framework. The base value of the contract is over $4 million and spans a year, with options for four additional years. Xacta's capabilities include real-time risk assessments, customizable interfaces, and integration within various cloud architectures.