Revenue Performance - Q3 2024 revenues of $275.9 million, a 0.5% increase from Q3 2023 revenues of $274.6 million[1][4] - Q4 2024 total revenues reached $275.9 million, with service revenues at $103.9 million and product sales at $172.0 million[28] - Full year 2024 total revenues amounted to $853.2 million, with service revenues at $316.9 million and product sales at $536.3 million[28] - Total revenues for the three months ended September 29, 2024, were $275.9 million, slightly up from $274.6 million in the same period in 2023[35] Unmanned Systems Segment - Unmanned Systems revenues of $64.2 million in Q3 2024, up from $56.7 million in Q3 2023, with 8.7% organic revenue growth[1][4][7] - Q3 2024 Unmanned Systems Segment (KUS) bookings of $32.6 million and a 12-month book-to-bill ratio of 1.1 to 1.0 with bookings of $295.1 million[9] - Unmanned Systems segment revenues for the three months ended September 29, 2024, increased to $64.2 million from $56.7 million in the same period in 2023[35] - Unmanned Systems segment Adjusted EBITDA for the three months ended September 29, 2024, was $3.6 million, representing 5.6% of revenue, down from $5.4 million (9.5% of revenue) in the same period in 2023[36] Government Solutions Segment - Q3 2024 Government Solutions Segment (KGS) bookings of $234.6 million and a 12-month book-to-bill ratio of 1.1 to 1.0 with bookings of $945.0 million[12] - Kratos Government Solutions segment revenues for the three months ended September 29, 2024, were $211.7 million, down from $217.9 million in the same period in 2023[35] - Kratos Government Solutions segment Adjusted EBITDA for the three months ended September 29, 2024, was $21.0 million, representing 9.9% of revenue, down from $22.3 million (10.2% of revenue) in the same period in 2023[36] Bookings and Backlog - Q3 2024 consolidated book-to-bill ratio of 1.0 to 1.0, with bookings of $267.2 million and a 12-month book-to-bill ratio of 1.1 to 1.0 with bookings of $1.240 billion[1][13] - Q3 2024 consolidated backlog of $1.294 billion, with funded backlog of $1.098 billion and unfunded backlog of $195.4 million[13] Financial Guidance - Q4 2024 revenue guidance of $270 million to $295 million and full-year 2024 revenue guidance of $1.125 billion to $1.150 billion[16][17] - Full-year 2024 Adjusted EBITDA guidance of $102 million to $107 million[17] - Kratos expects base case revenue growth of approximately 10% for fiscal year 2025[18] Adjusted EBITDA and Operating Income - Q4 2024 Adjusted EBITDA was $24.6 million, compared to $27.7 million in the same period last year[27] - Full year 2024 Adjusted EBITDA reached $80.5 million, up from $66.3 million in the previous year[27] - Q4 2024 operating income was $6.5 million, down from $12.2 million in Q4 2023[28] - Full year 2024 operating income stood at $26.0 million, compared to $19.4 million in 2023[28] - Adjusted EBITDA for the three months ended September 29, 2024, was $24.6 million, compared to $27.7 million for the same period in 2023[33] - Total Adjusted EBITDA for the nine months ended September 29, 2024, was $80.5 million, compared to $66.3 million for the same period in 2023[36] Net Income and Earnings Per Share - Q4 2024 net income attributable to Kratos was $3.2 million, compared to a net loss of $1.6 million in Q4 2023[28] - Full year 2024 net income attributable to Kratos was $12.4 million, compared to a net loss of $11.3 million in 2023[28] - Net income attributable to Kratos for the three months ended September 29, 2024, was $3.2 million, compared to a net loss of $1.6 million for the same period in 2023[41] - Non-GAAP Adjusted net income for the three months ended September 29, 2024, was $17.2 million, up from $15.7 million in the same period in 2023[41] - Diluted earnings per common share for the three months ended September 29, 2024, was $0.02, compared to a loss of $0.01 per share in the same period in 2023[41] - Net income attributable to Kratos for the nine months ended September 29, 2024, was $12.4 million, compared to a net loss of $11.3 million for the same period in 2023[41] - Non-GAAP Adjusted net income for the nine months ended September 29, 2024, was $54.1 million, up from $35.3 million in the same period in 2023[41] - Diluted earnings per common share for the nine months ended September 29, 2024, was $0.08, compared to a loss of $0.09 per share in the same period in 2023[41] Cash Flow and Liquidity - Cash and cash equivalents increased significantly from $72.8 million to $301.5 million, reflecting a strong liquidity position[37] - Total current assets rose from $594.2 million to $838.4 million, indicating improved short-term financial health[37] - Long-term debt decreased from $219.3 million to $177.0 million, showing a reduction in financial leverage[37] - Net cash provided by operating activities improved to $4.1 million from a negative $2.2 million, signaling better cash flow management[38] - Capital expenditures increased to $44.6 million from $33.1 million, reflecting higher investment in property, plant, and equipment[38] - Proceeds from the issuance of common stock, net of issuance costs, amounted to $330.7 million, indicating strong equity financing[38] Balance Sheet and Liabilities - Accounts receivable decreased from $329.2 million to $319.1 million, suggesting improved collection efficiency[37] - Inventoried costs increased slightly from $156.2 million to $158.9 million, indicating stable inventory levels[37] - Total liabilities decreased from $634.0 million to $569.5 million, reflecting a stronger balance sheet position[37] Non-GAAP Metrics - Adjusted income from consolidated operations excludes amortization of intangible assets, depreciation, and stock-based compensation, providing a clearer view of operational performance[40] - Non-GAAP Adjusted income from consolidated operations before income taxes for the three months ended September 29, 2024, was $24.6 million, up from $22.6 million in the same period in 2023[41] - Non-GAAP Adjusted income from consolidated operations before income taxes for the nine months ended September 29, 2024, was $77.8 million, up from $50.8 million in the same period in 2023[41] Stock-Based Compensation and Depreciation - Stock-based compensation expense for the three months ended September 29, 2024, was $7.2 million, up from $6.4 million in the same period in 2023[33] - Depreciation expense for the three months ended September 29, 2024, was $8.1 million, up from $6.7 million in the same period in 2023[33] - Amortization of intangible assets for the three months ended September 29, 2024, was $2.2 million, up from $1.5 million in the same period in 2023[33] Future Growth and Profitability - The company expects significant future organic growth, profitability, and cash flow from investments in tactical drone and satellite areas[22] - Kratos anticipates improved revenue mix and profit in certain business segments, with sustained year-over-year revenue growth[21] - Kratos is manufacturing ~165 jet drones annually, with plans to increase to ~400 annually, including Valkyrie[14] Share Count and Weighted Average Shares - Weighted average diluted common shares outstanding for the three months ended September 29, 2024, increased to 154.1 million from 129.6 million in the same period in 2023[41] - Weighted average diluted common shares outstanding for the nine months ended September 29, 2024, increased to 147.8 million from 129.3 million in the same period in 2023[41]

SAN DIEGO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a technology company in Defense, National Security and Global Markets, today announced that its Zeus 1 and Zeus 2 Solid Rocket Motors (SRMs) completed their first successful flight on October 24, 2024, from the NASA Wallops Flight Facility in Virginia. This milestone launch provides the qualifications necessary to transition the Zeus SRMs to test programs supporting the U.S. Department of Defense, Foreign ...

`       Third Quarter 2024 Revenues of $275.9 Million Compared with Third Quarter 2023 Revenues of $274.6 MillionThird Quarter 2024 Unmanned Systems Revenues of $64.2 Million Compared with Third Quarter 2023 Revenues of $56.7 MillionThird Quarter 2024 Consolidated Book to Bill Ratio of 1.0 to 1 and Last Twelve Months Ended September 29, 2024 Consolidated Book to Bill Ratio of 1.1 to 1Third Quarter 2024 Consolidated Bookings of $267.2 Million and Last Twelve Months Ended September 29, 2024 Consolidated Booki ...

Cathie Wood is known for taking major positions in speculative opportunities, and three stocks in her portfolio may indicate a new pocket of AI that rarely is spoken about.Cathie Wood mastered an ability to make headline news. Perhaps the biggest reason for this is due to her high-conviction stances in otherwise risky and speculative opportunities.Wood is the CEO of Ark Invest, an investment management firm offering a series of exchange-traded funds (ETFs) that are mostly comprised of businesses in emerging ...

SAN DIEGO, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a Technology Company in the Defense, National Security and Global Markets, announced today that it will publish financial results for the third quarter 2024 after the close of market on Thursday, November 7th. Management will discuss the Company's operations and financial results in a conference call beginning at 2:00 p.m. Pacific (5:00 p.m. Eastern). The call will be available at www.kratosdefense.com. Pa ...

As a tech-focused industry Research Analyst, I aim to provide differentiated insights, whether it is for investing, trading, or informational reasons. For this purpose, I am not a classical equity researcher from the financial sector, but, I come from the IT world as the Director of Keylogin InfoTech and my insights are based on my own experience investing for 25 years.Also, my research is often backed by analytics and I make frequent use of charts to support my position.Based on losses during the GFC, I am ...

Kratos Defense & Security Solutions, Inc. (KTOS) recently won a contract worth nearly $45 million for a new satellite system. The work related to this deal will be executed at Kratos engineering, production and integration facilities. A Brief Note on Kratos Satellite Systems Kratos Defense offers a variety of products to support satellite operations. These products include ground-based fixed antennas, industry-leading satellite command and control software, and Telemetry, Tracking and Command devices. The c ...

The defense sector comprises companies that provide military and national security-related products and services. These firms develop and manufacture weapons, aircraft, vehicles, and technology for defense purposes. Defense stocks represent shares in these companies that are publicly traded on stock exchanges. The sector's performance often correlates with global geopolitical events and government defense spending. Investing in defense stocks can offer several potential benefits. These companies often have ...

Kratos (KTOS) shares ended the last trading session 6.5% higher at $24.82. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 1.6% gain over the past four weeks. Per a report published by MarketBeat, several analysts, including those from Truist Financial and JMP Securities, have reiterated their "buy" ratings for Kratos Defense and also raised target prices for this stock. This must have boosted investors' confidence ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? The Zacks Style S ...