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 (NASDAQ: TLS), an authorized TSA PreCheck® enrollment provider, has expanded its services by opening ten new locations across six states: North Carolina, California, Colorado, Georgia, Indiana, and Texas. This expansion brings Telos' total number of TSA PreCheck enrollment centers to 125 across the U.S. The new centers, which began operations on September 23, 2024, are part of Telos' ongoing effort to increase convenience for consumers seeking TSA PreCheck enrollment and renewals.
TSA PreCheck members enjoy expedited security screening at airports, with 99% of members waiting less than 10 minutes at checkpoints nationwide. New applicants can pre-enroll or schedule appointments through Telos' authorized website, while existing members can renew their membership regardless of their original enrollment provider.
Telos (NASDAQ: TLS), an authorized TSA PreCheck® enrollment provider, has expanded its services by opening eight new locations across California, Colorado, Florida, Ohio, and Texas. This expansion brings Telos' total number of TSA PreCheck enrollment centers to 115 across the United States. The new centers, which began operations on September 16, 2024, are part of Telos' ongoing effort to increase convenience for consumers seeking TSA PreCheck enrollment and renewals.
TSA PreCheck members enjoy benefits such as faster security screening, with 99% of members waiting less than 10 minutes at airport checkpoints nationwide. Telos plans to continue expanding its national footprint throughout 2024, launching additional locations and extending hours of operation for enrollment and renewals.
Telos (NASDAQ: TLS), an authorized TSA PreCheck® enrollment provider, has expanded its services by opening eight new locations across seven states. The company now operates 99 TSA PreCheck enrollment centers nationwide. These centers offer convenient enrollment and renewal options for travelers, with most members experiencing wait times of less than 10 minutes at airport checkpoints. Telos plans to continue expanding its national footprint throughout 2024, launching additional locations and extended hours of operation.
CEO John Wood emphasized Telos' role as a trusted security partner for government agencies and regulated businesses. The company's authorized TSA PreCheck website allows new applicants to pre-enroll or schedule appointments, while existing members can renew their membership regardless of their original enrollment provider.
Telos (NASDAQ: TLS) has announced the resolution of a protest on a significant government award. The award, worth up to $485 million over five years, was initially announced on March 15, 2024, as part of a larger $525 million package of awards to Telos' Security Solutions business. The Government Accountability Office (GAO) disclosed that the protester has withdrawn its protest, and Telos' prime partner has informed the company that the government's "Stop-Work Order" will be lifted effective September 28, 2024. This development allows Telos to proceed with the contract execution. However, one other award worth up to $40 million over five years remains under protest.
Telos (NASDAQ: TLS) has secured a prime position on a $12.5 billion Department of the Air Force Base Infrastructure Modernization (BIM) contract. This multiple-award, indefinite-delivery/indefinite-quantity (IDIQ) contract aims to modernize, operate, and maintain network infrastructure across all Department of the Air Force locations, including Guard and Reserve bases. The contract, awarded after a competitive acquisition process, is expected to be completed by August 15, 2034, with task orders potentially extending beyond this date.
This award adds to Telos' recent contract vehicle wins since 2023, including DMDC DEHRADS, Army IMOD CAPSET, USMC ISTC BAN, and FBI IT-SSS 2nd Generation. Combined with BIM, these contracts represent a $24.5 billion addressable market for Telos to compete for new business opportunities.
Telos (NASDAQ: TLS), an authorized TSA PreCheck® enrollment provider, has expanded its services by opening eight new locations across seven states. This expansion brings Telos' total to 91 TSA PreCheck enrollment centers nationwide. The new centers, located in Office Depot stores, are in California, Colorado, Florida, Illinois, Ohio, Oklahoma, and Texas.
TSA PreCheck members enjoy expedited security screening at airports, with 99% of members waiting less than 10 minutes at checkpoints. Telos aims to provide more convenient enrollment and renewal options for travelers throughout 2024. Applicants can pre-enroll or schedule appointments through Telos' authorized TSA PreCheck website.
Telos (NASDAQ: TLS), an authorized TSA PreCheck® enrollment provider, has expanded its services by opening seven new locations across Illinois, Indiana, Louisiana, Michigan, Minnesota, Texas, and Washington. This expansion brings Telos' total TSA PreCheck enrollment centers to 83 across the U.S. The new centers, located in Office Depot stores, began operations on August 12, 2024.
TSA PreCheck offers travelers expedited security screening, with 99% of members waiting less than 10 minutes at airport checkpoints. Members can keep shoes, belts, and light jackets on, and leave electronics and 3-1-1 compliant liquids in carry-on bags. Telos plans to continue expanding its national footprint throughout 2024, offering more locations and extended hours for enrollment and renewals.
Telos (NASDAQ: TLS) reported Q2 2024 results exceeding guidance, with revenue of $28.5 million and expanded cash gross margin of 42.0%. Key highlights include:
- GAAP gross margin of 34.1%, down 349 basis points YoY
- Accelerated expansion of TSA PreCheck® enrollment locations from 28 to 83
- Expected to reach 500 TSA PreCheck® locations by 2025
- GAAP Net Loss of $7.8 million
- Adjusted EBITDA of ($2.9) million
Telos secured new orders for Xacta® and cyber services from various government and commercial clients. The company provided Q3 2024 guidance with revenue projected between $22-$24 million, representing a YoY decline of 34-39%.
Telos (NASDAQ: TLS), an authorized TSA PreCheck® enrollment provider, has expanded its services by opening seven new locations across six states. This expansion brings Telos' total TSA PreCheck enrollment centers to 76 across the U.S. The new centers, located in Arizona, California, Georgia, Ohio, Minnesota, and Texas, began operations on August 5, 2024.
TSA PreCheck members enjoy expedited security screening at airports, with 99% of members waiting less than 10 minutes at checkpoints nationwide. Telos plans to continue expanding its enrollment footprint throughout 2024, offering extended hours and more convenient locations for travelers. Applicants can pre-enroll or schedule appointments through Telos' authorized TSA PreCheck website.
Telos (NASDAQ: TLS), an authorized TSA PreCheck® enrollment provider, has expanded its services with a new location at the Eastern Iowa Airport (CID) in Cedar Rapids, Iowa. This marks Telos' first airport-based enrollment center and brings their total to 69 locations nationwide. The center, which opened on July 24, 2024, offers appointments for TSA PreCheck enrollment and renewals, operating Monday, Wednesday, and Thursday from noon to 4 p.m.
TSA PreCheck members enjoy expedited security screening, with 99% waiting less than 10 minutes at checkpoints. The program allows members to keep shoes, belts, and light jackets on, and leave electronics and compliant liquids in carry-on bags. This expansion demonstrates Telos' commitment to enhancing travel convenience for millions of Americans.
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