Exhibit 99.2 Third Quarter 2024 Financial Results NOVEMBER 12, 2024 Telos Corporation Reports $23.8 Million of Revenue, 13.2% GAAP Gross Margin, and 44.0% Cash Gross Margin; Forecasts Sequential Revenue Growth in 4Q 2024 and Significant Year-Over-Year Revenue Growth in 2025 Third Quarter Financial Summary • Delivered $23.8 million of revenue, including $18.3 million or 77% from Security Solutions and $5.5 million or 23% from Secure Networks • Security Solutions delivered sequential revenue growth driven by ...

ASHBURN, Va., Nov. 08, 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 that John B. Wood, chairman and chief executive officer, and Mark Bendza, executive vice president and chief financial officer, will host investor meetings at the following investor conferences: 18th Annual Needham Virtual Security, Networking and Communications ConferenceDate: November 19, ...

ASHBURN, Va., Oct. 29, 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 that it will report third quarter 2024 financial results on Tuesday, November 12, 2024. Management will host a webcast to discuss the Company’s financial results and business outlook at 10:30 a.m. ET. What:     Telos Corporation Third Quarter 2024 Financial Results WebcastWhen: Tuesday, Nov ...

BOCA RATON, Fla. and ASHBURN, Va., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Office Depot, an operating company of The ODP Corporation and a leading omnichannel retailer dedicated to supporting small business, home office, and education customers live more productive and organized lives, and Telos Corporation (NASDAQ: TLS), an authorized TSA PreCheck® enrollment provider, today announced the addition of twelve TSA PreCheck enrollment locations in California, Georgia, Kansas, Maryland, Missouri, North Carolina, Oreg ...

Financial Performance - Telos Corp exceeded Q2 2024 revenue and profit guidance, reporting $28.5 million in revenue, above the expected range [2] - The company's GAAP gross margin was 34.1%, surpassing guidance due to a favorable mix in security solutions and strong secure networks performance [2] - Adjusted EBITDA loss of $2.9 million was better than expected, but the company experienced an $8 million cash outflow from operations and an $11.3 million free cash flow outflow, reflecting a year-over-year decline [3] Business Segments - Secure networks revenue is expected to decline by high 60% to mid-60% year-over-year due to program completions [3] - The security solutions segment is expected to grow, offsetting declines in secure networks [6] - TSA PreCheck program expanded enrollment centers from 28 to 83, with plans to reach 500 locations by 2025 [2] Contracts and Opportunities - New orders and renewals for Xacta business were secured, including contracts with the New Zealand government and a Fortune 100 technology company [2] - Protested program awards represent significant opportunities, with the first accounting for 90% of the total $525 million and the second representing 10% [4] - The company anticipates minimal impact on 2025 revenue potential if protests are resolved favorably by the end of 2024 [2] Market Share and Growth - TSA PreCheck is on track to achieve a one-third market share once fully ramped, with new locations achieving significant volume almost immediately after opening [5][7] - The company faces ongoing challenges with program award protests, which could delay revenue realization and impact financial performance [3]

ASHBURN, Va., Aug. 28, 2024 (GLOBE NEWSWIRE) -- On March 15, 2024, Telos Corporation (NASDAQ: TLS), announced that it had teaming agreements in place with prime partners who received awards from the federal government worth up to $525 million to Telos' Security Solutions business over five years. Telos also announced that the awards had been protested pursuant to a customary post-award protest period provided by the federal government and that finalization of the awards was subject to the resolution of prot ...

Telos Corporation (TLS) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Since a ...

ASHBURN, Va., Aug. 20, 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 that it was awarded a $12.5 billion ceiling, multiple award, indefinite-delivery/indefinitequantity (IDIQ) contract for base infrastructure modernization. This contract, named the Base Infrastructure Modernization (BIM) contract, seeks solutions that modernize, operate and maintain the netw ...

ASHBURN, Va., Aug. 12, 2024 (GLOBE NEWSWIRE) -- Telos Corporation (NASDAQ: TLS), an authorized enrollment provider, continues to expand locations to enroll consumers in the TSA PreCheck® program by opening seven new locations in Illinois, Indiana, Louisiana, Michigan, Minnesota, Texas and Washington. These locations will begin offering enrollment services today, August 12, 2024. Telos now has 83 TSA PreCheck enrollment centers open across the U.S. The launch of these new enrollment centers represents the on ...

Table of Contents | --- | |------------------------------------------| | | | UNITED STATES | | SECURITIES AND EXCHANGE COMMISSION | | WASHINGTON, D.C. 20549 | FORM 10-Q x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended: June 30, 2024 ¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission file number: 001-08443 TELOS CORPORATION (Exact name of registrant as specified in its charter) Maryland ...