Telos Corporation Announces First Quarter Results Above Guidance: Reports $29.6 Million of Revenue, 37.0% GAAP Gross Margin, and 42.2% Cash Gross Margin
Telos Corporation (TLS)
Company Research
Source: GlobeNewswire
Reports First Quarter Results Above High End of Guidance Range on Key Financial MetricsDelivered $29.6 Million of Revenue, Reflecting Outperformance by Security SolutionsGenerated 37.0% GAAP Gross Margin; Expanded Cash Gross Margin by 249 Basis Points to 42.2%Cash Flow From Operations Was a Modest $0.4 Million Outflow; Free Cash Flow Improved Year-Over-YearRevenues Expected to Return to Sequential Growth in the Third or Fourth Quarter of 2024, Subject to Favorable Resolution of Protests on Typical Timetable ASHBURN, Va., May 10, 2024 (GLOBE NEWSWIRE) -- Telos Corporation (NASDAQ: TLS), a leading provider of cyber, cloud and enterprise security solutions for the world’s most security-conscious organizations, today announced financial results for the first quarter of 2024. “I am pleased to report Telos exceeded the high end of our guidance range on key financial metrics and while GAAP gross margin contracted 127 basis points compared to the
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News
- Telos Co. (NASDAQ: TLS) had its price target lowered by analysts at BMO Capital Markets from $4.50 to $4.00. They now have a "market perform" rating on the stock.MarketBeat
- Telos Co. (NASDAQ: TLS) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $6.00 price target on the stock.MarketBeat
- Telos Co. (NASDAQ: TLS) had its "hold" rating re-affirmed by analysts at Needham & Company LLC.MarketBeat
- Telos Corporation (NASDAQ:TLS) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Telos Corporation to Participate in Upcoming Investor ConferencesGlobeNewswire
TLS
Earnings
- 5/10/24 - Beat
TLS
Sec Filings
- 5/17/24 - Form 4
- 5/16/24 - Form 4
- 5/16/24 - Form 4
- TLS's page on the SEC website