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Stock impact report

Kratos Reports First Quarter 2022 Financial Results

Kratos Defense & Security Solutions, Inc. (KTOS) 
Last kratos defense & security solutions, inc. earnings: 2/24 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: kratosdefense.com
Company Research Source: GlobeNewswire
SAN DIEGO, May 05, 2022 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, today reported its first quarter 2022 financial results. For the first quarter of 2022, Kratos reported Revenues of $196.2 million, Operating Loss of $1.2 million, Net Loss of $15.9 million and Adjusted EBITDA of $13.8 million.   Included in Net Loss is a $13.0 million loss for a debt extinguishment charge reflecting the premium paid to redeem the Company’s 6.5% Senior Notes and the write-off of related deferred financing costs. First quarter 2022 Operating Loss includes non-cash stock compensation expense of $7.0 million, which increased $0.8 million from the first quarter of 2021, and Company-funded Research and Development expense of $9.2 million, reflecting significant ongoing development efforts being made, including in our space and satellite business to develop our virtual, software based OpenSpace ground station solution. Krat Show less Read more
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