Telos Corp Stock Price, News & Analysis

Telos Corporation (NASDAQ: TLS) announced that it will report its first quarter 2023 financial results on May 10, 2023. The management will conduct a webcast at 8:30 a.m. ET to discuss the Company’s performance and outlook. Telos focuses on providing cybersecurity, cloud security, and enterprise security solutions to highly security-conscious organizations, including commercial enterprises and government clients. The webcast will be accessible on their investor relations website, offering an on-demand replay for those unable to attend live.

Telos Corporation (NASDAQ: TLS) reported $47.3 million in revenue for Q4 2022, down from $64.1 million in Q4 2021, with a GAAP net loss of $14.2 million. The full year revenue reached $216.9 million, and gross margin improved by 95 basis points to 38.6%. However, the company forecasted a significant revenue drop in 2023 due to the wind-down of large programs and insufficient new business wins. Full-year cash flow from operations was $16.5 million, with $11.2 million in free cash flow utilized for share repurchases. New senior leaders were appointed to enhance growth and customer solutions.

Telos Corporation (NASDAQ: TLS) will report its fourth quarter and full year 2022 financial results on March 16, 2023, with a webcast scheduled for 8:30 a.m. ET. The company specializes in cybersecurity, cloud, and enterprise security solutions catering to security-conscious organizations globally. Following the live event, an on-demand replay will be accessible on the investor relations website.

Telos Corporation (NASDAQ: TLS) has secured a five-year contract with the National Security Agency (NSA) to enhance its cybersecurity solutions, continuing a partnership that began in 2007. This contract involves licensing Xacta 360 and Xacta.io, while implementing new services that improve integration and efficiency. The expansion of this contract aims to help the NSA manage cyber risks more effectively, utilizing a new technology stack for streamlined operations. The deal reflects Telos' commitment to national security and influence in cybersecurity management.

Telos Corporation (NASDAQ: TLS) has announced the appointment of two experienced executives to enhance its federal and commercial operations. Josh Salmanson joins as senior vice president of Technology Solutions, bringing nearly 30 years of cybersecurity expertise. Lee Canterbury arrives as vice president of Corporate Growth, boasting over 35 years in business development with a record of securing contracts worth more than $1.4 billion in federal initiatives. Their addition is expected to drive growth and improve win rates across Telos' portfolios, positioning the company to better meet evolving customer challenges.

Telos Corporation (NASDAQ: TLS) announced a $32.5 million contract with the U.S. Air Force's Air Combat Command for Mission Defense Teams (MDT) support. This contract will extend for two years, enhancing the Air Force's Defensive Cyber Operations (DCO) capabilities across multiple U.S. locations, expected to conclude in January 2025. CEO John B. Wood emphasized Telos' commitment to bolstering the Air Force's IT systems and mission performance through this contract. The DCO WhiteSpace program includes a range of contractor support roles aimed at augmenting base personnel in core IT services.

Telos Corporation (NASDAQ: TLS) and SteelCloud LLC have partnered to automate NIST Risk Management Framework (RMF) compliance. This collaboration aims to simplify the complex orchestration involved in RMF compliance by providing customers with access to all seven RMF steps through a unified solution. Their integrated products, ConfigOS and Xacta, enhance compliance by automating the identification, assessment, and remediation processes, significantly reducing the time and effort required for achieving Authorization to Operate (ATO).