Telos Corporation Announces Fourth Quarter Results: Delivers $47.3 Million of Revenue and 38.6% Gross Margin
Telos Corporation (TLS)
Company Research
Source: GlobeNewswire
Delivered Quarterly Revenue of $47.3 Million and Full Year Revenue of $216.9 MillionExpanded Quarterly Gross Margin by 95 Basis Points to 38.6% and Full Year Gross Margin by 96 Basis Points to 36.4%Generated Full Year Cash Flow from Operations of $16.5 Million and Free Cash Flow of $11.2 Million; Deployed $11.3 Million to Share Repurchases During 2022Forecasts Lower Revenues in 2023; Hired Two New Senior Leaders Focused on Growth and Customer Solutions ASHBURN, Va., March 16, 2023 (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 fourth quarter and full year 2022. “We delivered $47.3 million of revenue in the fourth quarter of 2022, and expanded gross margin 95 basis points to 38.6%, resulting in a $14.2 million GAAP net loss and $5.4 million of Adjusted EBITDA,” said John B. Wood, chairman and CEO, Telos. “Howeve
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News
- Telos Corporation to Announce First Quarter 2024 Financial Results on May 10, 2024GlobeNewswire
- Telos Corporation, an Official TSA PreCheck® Enrollment Provider, Expands Enrollment and Renewal Options by Opening New Locations [Yahoo! Finance]Yahoo! Finance
- Telos Corporation, an Official TSA PreCheck® Enrollment Provider, Expands Enrollment and Renewal Options by Opening New LocationsGlobeNewswire
- Telos: Rating Upgrade To Buy As Growth Outlook Turns Positive [Seeking Alpha]Seeking Alpha
- Telos Co. (NASDAQ: TLS) had its price target raised by analysts at BMO Capital Markets from $3.50 to $4.50. They now have a "market perform" rating on the stock.MarketBeat
TLS
Earnings
- 3/15/24 - Beat
TLS
Sec Filings
- 4/15/24 - Form DEFR14A
- 4/9/24 - Form DEFA14A
- 4/9/24 - Form DEF
- TLS's page on the SEC website