Telos Corp Stock Price, News & Analysis

Telos Corporation (NASDAQ: TLS) has launched the Telos CyberProtect Partner Program, aimed at enhancing collaboration with companies committed to integrity in cybersecurity, cloud, and enterprise security. Key partners include DLT Solutions and Presidio Government Solutions. The program will provide education, pre- and post-sale support, and certification processes for partners. It seeks to address the increasing cyber threats facing government and commercial sectors, driving growth and new revenue streams while enhancing security capabilities.

Telos Corporation (NASDAQ: TLS) reported a strong first quarter 2021 with revenue growth of 43% year-over-year to $55.8 million. Gross profit rose to $14.4 million. Despite these increases, the company faced a net loss of $(14.8) million and negative Enterprise EBITDA of $(12.1) million. The company remains optimistic, reaffirming its full-year guidance for revenue between $283 million to $295 million, reflecting a year-over-year improvement of up to 64%.

Telos Corporation (NASDAQ: TLS) has been awarded a $35 million contract by the Army Contracting Command. This five-year agreement supports the Yongsan Relocation Plan and involves comprehensive management of communication systems, including voice and wireless infrastructure. CEO John B. Wood emphasized the importance of this project for U.S. military operations in Korea. For more information on Telos' offerings, visit their website.

Telos Corporation (NASDAQ: TLS) announced that CEO John B. Wood and CFO Michele Nakazawa will present at the 16th Annual Needham Virtual Technology & Media Conference on May 19, 2021. The event features a virtual fireside chat scheduled for 2:15 p.m. ET, and interested investors can register to schedule one-on-one meetings with the company. The fireside chat will be available via live audio webcast and later archived on Telos’ investor relations website. Telos is a key provider of cybersecurity, cloud, and enterprise security solutions for various high-security organizations.

Telos Corporation (NASDAQ: TLS) has announced it will report its first quarter 2021 financial results on May 17, 2021, after market close. A conference call and webcast will be held at 4:30 p.m. ET to discuss the financial results and business outlook. Telos provides cybersecurity, cloud, and enterprise security solutions to federal agencies and commercial organizations worldwide. The call will be accessible via toll-free numbers for US/Canada, along with an international line. An on-demand replay will be available on Telos’ Investor Relations website.

Telos Corporation (NASDAQ: TLS) has secured a contract with the City of Charlotte to provide Transportation Security Administration (TSA)-approved Designated Aviation Channeling (DAC) services at Charlotte Douglas International Airport. This advanced service enhances credentialing operations by improving data integrity and reducing costs. The integration with the airport's Identity Management System allows efficient background checks for aviation workers, ensuring high security and customer service standards. With over 90 airports using Telos DAC services, the company continues to establish itself as a leader in aviation security.

Telos Corporation (NASDAQ: TLS) announced its Xacta solution will support all Microsoft Azure U.S. Government cloud instances, including Government, Secret, and Top Secret. Xacta automates compliance tasks related to security frameworks like NIST and ISO 27001, streamlining risk management. This integration allows customers to generate accreditation packages automatically and track compliance status, reducing the effort required for authorizations. The partnership with Microsoft aims to enhance efficiency in migrating workloads to Azure.

Telos Corporation (NASDAQ: TLS) announced the closing of its follow-on offering, successfully selling 9,090,909 shares of common stock at $33.00 per share. This offering included 7,040,909 shares from existing stockholders and generated gross proceeds of $64,605,750 after the underwriters' option was exercised. The offering was conducted under a 'shelf' registration statement filed with the SEC on March 31, 2021. The company did not receive proceeds from the shares sold by existing stockholders. B. Riley Securities, BMO Capital Markets, and Needham & Company were joint bookrunners for the offering.

Telos Corporation (Nasdaq: TLS) has priced its follow-on offering of 7,905,139 shares of common stock at $33.00 per share. This includes a secondary public offering of 6,662,073 shares from existing stockholders, with Telos not receiving proceeds from these sales. The offering is set to close on April 6, 2021. B. Riley Securities, BMO Capital Markets, and Needham & Company are the joint bookrunners. Telos has granted a 30-day option for underwriters to purchase an additional 1,185,770 shares, including shares from selling stockholders.