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) 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.
Telos Corporation (NASDAQ: TLS) announced a proposed follow-on public offering, including a secondary public offering by existing stockholders. The company will not receive proceeds from the stock sold by these sellers. B. Riley Securities, BMO Capital Markets, and Needham & Company are the joint bookrunners, with additional firms managing the offering. The shares are being offered under a shelf registration statement filed with the SEC. A 30-day option is granted to underwriters to purchase up to 15% more shares to cover over-allotments, if needed.
Telos Corporation (NASDAQ: TLS) reported a 13% revenue increase for FY 2020, totaling $179.9 million. Key contracts include a 10-year $1.5 billion TSA PreCheck agreement and a $2 billion CMS contract. Financial highlights showed net income of $1.7 million, up from a loss of $6.4 million in 2019. Gross profit rose 19% to $62.4 million. The company raised $292.6 million in its IPO, strengthening its balance sheet. For Q1 and FY 2021, Telos expects revenues between $49 million-$52 million and $283 million-$295 million, respectively, indicating strong growth potential.
Telos Corporation (NASDAQ: TLS) announced the appointment of Troy M. Bertram as Vice President to lead global enterprise sales teams. With over 25 years of experience in business development and sales, Bertram previously served as Chief Revenue Officer at Saildrone and held significant roles at Amazon Web Services and Dell Technologies. CEO John B. Wood emphasized Bertram's potential to enhance the company's momentum in commercial and regulated sectors. Telos specializes in cybersecurity solutions for government and commercial organizations, focusing on continuous security assurance.
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Telos Corporation (NASDAQ: TLS) is set to report its fourth quarter and full year 2020 financial results on March 25, 2021, after market close. A conference call will follow at 4:30 p.m. ET, where management will discuss financial outcomes, recent developments, and future outlook. Telos specializes in cyber, cloud, and enterprise security solutions for high-security organizations, including government and commercial sectors.
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.