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) provides cybersecurity solutions and secure network infrastructure for government agencies and enterprises requiring high-level protection. This news hub offers investors and security professionals centralized access to official announcements, financial updates, and strategic developments.
Track TLS's progress in cloud security innovations, federal contracting milestones, and IT risk management initiatives. The curated collection includes earnings reports, product launch details, and partnership announcements – all essential for understanding the company's position in the defense technology sector.
Key updates cover TLS's work in identity management systems, TSA PreCheck program expansions, and compliance solutions for regulated industries. Bookmark this page for real-time insights into how Telos addresses evolving cyber threats while maintaining government security standards.
Telos Corporation launched new enhancements for its Xacta cyber risk management platform, enabling users to quantify cyber risks in financial terms. This update includes intelligent workflow capabilities that automate processes to reduce manual input, enhancing efficiency. Additionally, new API integrations with Tenable and STIG Viewer expand the platform's capabilities for managing vulnerabilities. These advancements align with Gartner's recognition of cyber risk quantification as a top trend in IT risk management for 2022, underscoring the growing importance of understanding cyber risks in financial contexts.
Telos Corporation (NASDAQ: TLS) has reported growth in its Designated Aviation Channeling service, with eleven customer renewals and new clients in the U.S. commercial aviation sector. Notable clients include USA Jet Airlines and California Redwood Coast Humboldt County Airport. Telos' service complies with TSA and DHS standards for data security and identity verification, addressing insider threats. The company has over 100 aviation clients benefiting from its advanced biometric solutions, aimed at enhancing operational efficiency and security in the aviation industry.
Telos Corporation (NASDAQ: TLS) reported $55.8 million in revenue for Q2 2022, exceeding expectations, and a gross margin of 37.5%, up 374 basis points year-over-year. The company generated $7.9 million in cash flow from operations and initiated a $3.0 million stock buyback program. Adjusted net income was $2.8 million, translating to $0.04 per share. Despite positive operational cash flow, the company anticipates revenue growth to slow in the second half of 2022, and has updated its full-year revenue guidance to $226 - $242 million.
Telos Corporation (NASDAQ: TLS) will report its second quarter financial results on August 9, 2022, before market opening. A webcast discussing the results and future business outlook will take place at 8:30 a.m. ET on the same day. Telos provides cybersecurity, cloud security, and enterprise security solutions to highly security-conscious organizations, including commercial enterprises and government customers worldwide. The company is known for its continuous security assurance solutions encompassing IT risk management and identity access management.
Telos Corporation (NASDAQ: TLS) has announced a share repurchase program worth up to $50 million. This initiative reflects the Board of Directors' confidence in the company's performance and its commitment to enhancing shareholder value.
The repurchase will occur through various means, including open market transactions, with no set expiration date. Telos plans to fund the buyback through its existing cash reserves, which stood at $120.2 million as of March 31, 2022.
Telos Corporation (NASDAQ: TLS) announced CEO John B. Wood and CFO Mark Bendza will participate in the 22nd Annual B. Riley Securities Institutional Investor Conference on May 25-26, 2022.
As a leader in cybersecurity solutions, Telos protects the world's most security-conscious organizations with offerings that include IT risk management, cloud security, identity and access management, and more. The company serves a diverse clientele, including governmental and commercial sectors.
Telos Corporation (NASDAQ: TLS) reported first-quarter 2022 revenue of $50.2 million, exceeding guidance, with a 30% year-over-year increase in gross profit to $18.9 million. Gross margin expanded by over 1,100 basis points to 37.6%. The company generated $14.4 million in cash flow from operations. Despite these gains, Telos experienced a GAAP net loss of $(15.0 million). The launch of Telos Advanced Cyber Analytics aims to enhance cybersecurity capabilities. The company reaffirmed its full-year guidance, projecting revenue between $226 million and $257 million.
Telos Corporation (NASDAQ: TLS) will announce its first quarter financial results on May 10, 2022, before market open. A webcast is scheduled for 8:30 a.m. ET where management will discuss the results and the business outlook. Telos specializes in cybersecurity, cloud security, and enterprise security solutions for various sectors, including government and regulated industries. The company aims to empower organizations with continuous security assurance for individuals and information, making it a key player in the security solutions market.
Telos Corporation (NASDAQ: TLS) has launched its new Xacta 360 Lite for Cybersecurity Maturity Model Certification (CMMC) Virtual Machine Infrastructure. This solution aims to assist defense contractors in automating the CMMC assessment process, which is essential for safeguarding unclassified information. With approximately 300,000 federal contractors needing CMMC compliance, the offering allows for streamlined navigation through the certification process, managing compliance across multiple contracts, and accessing essential training materials. The product is now available on the Azure Marketplace.
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