Financial Performance - Telos Corporation reported a quarterly loss of $0.10 per share, better than the Zacks Consensus Estimate of a loss of $0.14, and compared to a loss of $0.07 per share a year ago, representing an earnings surprise of 28.57% [1] - The company posted revenues of $23.78 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 3.56%, but down from $36.19 million in the same quarter last year [2] - Over the last four quarters, Telos has exceeded consensus EPS estimates four times and topped consensus revenue estimates four times as well [2] Stock Performance and Outlook - Telos shares have increased approximately 16.3% since the beginning of the year, while the S&P 500 has gained 25.8% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.14 on revenues of $25.13 million, and for the current fiscal year, it is -$0.45 on revenues of $106.21 million [7] Industry Context - The Computers - IT Services industry, to which Telos belongs, is currently ranked in the top 16% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Telos's stock performance [5]

Core Insights - Telos Corporation has released its third quarter financial results for 2024, which can be accessed on its investor relations website [1] - A live webcast to discuss these financial results is scheduled for November 12, 2024, at 10:30 a.m. EST [2] - Related presentation materials and an archived version of the webcast will be available on the company's website [3] Company Overview - Telos Corporation specializes in providing cybersecurity, cloud security, and enterprise security solutions for organizations that prioritize security [4] - The company's offerings include IT risk management, information security, cloud-based asset protection, compliance with security standards, identity and access management, secure mobility, organizational messaging, and network defense [4] - Telos serves a diverse clientele, including commercial enterprises, regulated industries, and government customers globally [4]

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 ...

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., June 27, 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 is set to join the Russell 3000® Index at the conclusion of the 2024 Russell U.S. Indexes annual reconstitution, effective at the open of U.S. equity markets on July 1, 2024, according to a preliminary list of additions released by FTSE Russell on June 21, 2024. Telos Corporation (NA ...

"The addition of Telos Corporation to the Russell 3000 Index provides the opportunity to further increase our institutional ownership and is a reflection of the progress we have made on new business capture and the outlook on key programs across our portfolio," said John B. Wood, CEO and chairman, Telos. Telos Corporation (NASDAQ:TLS) empowers and protects the world's most security-conscious organizations with solutions for continuous security assurance of individuals, systems, and information. Telos' offer ...

"Aligned with our focus on providing a variety of solutions to our clients, we are excited to partner with Telos Corporation to provide TSA PreCheck enrollment services," said Kevin Moffitt, executive vice president of The ODP Corporation and president of Office Depot. "Providing the convenience and ease to enroll in the TSA PreCheck program through our nationwide retail store locations is ideal for anyone looking to simplify their air travel experience. We are excited to expand this service, along with oth ...

ASHBURN, Va., June 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 John B. Wood, chairman and chief executive officer, and Mark Bendza, executive vice president and chief financial officer, will participate in the Northland Capital Markets Virtual Growth Conference on Tuesday, June 25, 2024. Please contact your Northland Capital Markets representative ...

Telos Corporation (NASDAQ:TLS) Q1 2024 Earnings Conference Call May 10, 2024 8:30 PM ET Company Participants Allison Phillipp - Director, Corporate Communications Mark Bendza - EVP & CFO John Wood - Chairman & CEO Mark Griffin - EVP, Security Solutions Conference Call Participants Zachary Cummins - B. Riley Securities. Rudy Kessinger - D.A. Davidson Bradley Clark - BMO Capital Markets Alex Henderson - Needham Nehal Chokshi - Northland Capital Markets Operator Good day, and thank you for standing by. Welcome ...