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 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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