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 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.
Telos Corporation (NASDAQ: TLS) announced the launch of its new Xacta supply chain risk management (SCRM) offering on January 14, 2021. This solution aims to help organizations identify security risks and compliance gaps in their supply chains. The Xacta SCRM facilitates prioritization of remediation efforts and enables ongoing risk management. In light of recent cybersecurity threats, like the SolarWinds breach, Telos emphasizes the necessity of effective supply chain risk management for organizational security.
ST Engineering has partnered with Telos Corporation to enhance cybersecurity solutions in the Asia-Pacific region. This alliance will integrate Telos' Ghost and Xacta technologies into ST Engineering's cloud governance offerings, aiding organizations in regulated sectors to boost their security compliance. The collaboration is aimed at addressing increasing cyber threats by streamlining compliance processes. ST Engineering, known for its technology and defense solutions, reported $7.9 billion in revenue in FY2019.
Telos Corporation has launched Xacta.io 1.5, enhancing its cyber risk and compliance platform to support AWS cloud resources. This update aims to address concerns raised by 86% of organizations regarding compliance when transitioning to the cloud. Users can now scan AWS resources, integrating results with on-premises data for comprehensive vulnerability analysis. New integrations with tools like Splunk and Amazon Inspector provide deeper insights into security vulnerabilities. This release emphasizes the importance of continuous monitoring and compliance across diverse environments.