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 reports developments in cyber, cloud and enterprise security solutions for government agencies, regulated industries and global enterprises. Its updates commonly cover financial results, investor events, the Xacta® cyber governance, risk and compliance platform, identity and biometric solutions, secure networks and communications, and TSA PreCheck® enrollment services.
Company news also includes authorization and compliance milestones for Xacta modules, expansion of TSA PreCheck enrollment access, and business outlook commentary tied to recurring earnings releases.
Telos (NASDAQ: TLS) will join the Russell 3000 Index on July 1, 2024, following the 2024 Russell U.S. Indexes annual reconstitution. This inclusion reflects Telos' advancements in capturing new business and its positive outlook on key programs. The announcement was made on June 27, 2024, with a preliminary list of additions released by FTSE Russell on June 21, 2024. CEO John B. Wood sees this as an opportunity to increase institutional ownership.
Office Depot and Telos announced the opening of five new TSA PreCheck enrollment locations at Office Depot stores in Georgia, Tennessee, and Texas, starting June 21, 2024. This expansion follows the addition of 20 new locations since May 2024. The partnership aims to ease TSA PreCheck enrollment with a total of 53 centers, including 51 at Office Depot and OfficeMax stores.
These new locations offer extended hours for TSA PreCheck enrollment and renewals, providing greater convenience for travelers. TSA PreCheck members enjoy expedited security screening at airports, with 99% waiting less than 10 minutes. New applicants can start their process online or schedule in-person appointments via Telos' authorized TSA PreCheck website.
Telos (NASDAQ: TLS), a premier provider of cyber, cloud, and enterprise security solutions, announced its participation in the Northland Capital Markets Virtual Growth Conference on June 25, 2024. John B. Wood, the chairman and CEO, along with Mark Bendza, the executive VP and CFO, will represent Telos at the event. This conference will provide an opportunity for investors and stakeholders to engage directly with Telos's leadership. For more details or to schedule one-on-one meetings, attendees are advised to contact their Northland Capital Markets representative.
Telos announced first quarter results above guidance, reporting $29.6 million of revenue, a 37.0% GAAP gross margin, and a 42.2% cash gross margin. Despite a modest $0.4 million cash flow outflow, free cash flow improved year-over-year. The company expects revenues to return to sequential growth in the third or fourth quarter of 2024, depending on the resolution of protests. Telos also highlighted several new business awards and contract renewals.
Telos (NASDAQ: TLS) will participate in upcoming investor conferences, showcasing its cybersecurity, cloud, and enterprise security solutions to the world's most security-conscious organizations. John B. Wood and Mark Bendza will host meetings at the 19th Annual Needham Technology, Media and Consumer Conference on May 14-15, 2024, and the B. Riley Securities 24th Annual Institutional Investor Conference on May 22-23, 2024.
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