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: March 31, 2022 ¨ 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) (State or other jurisdiction of incorporation or organization) (I.R.S. Employ ...

First Quarter 2022 Earnings May 10, 2022 2 DISCLAIMERS The information contained in this presentation does not constitute or form part of, and should not be construed as, any offer, sale or subscription of, or any invitation to offer, buy or subscribe for, any securities, nor shall there be any offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful. Telos Corporation (the "Company") will only make such an offer or sale pursuant to an effective registratio ...

Telos Corporation (NASDAQ:TLS) Q1 2022 Earnings Conference Call May 10, 2022 8:30 AM ET Company Participants Christina Mouzavires – Investor Relations John Wood – Chairman and Chief Executive Officer Mark Bendza – Executive Vice President and Chief Financial Officer Mark Griffin – Executive Vice President of Security Solutions Conference Call Participants Alex Henderson – Needham Zach Cummins – B. Riley Securities Brad Clark – BMO Nehal Chokshi – Northland Capital Markets Rudy Kessinger – D.A. Davidson Oper ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-08443 TELOS CORPORATION (Exact name of registrant as specified in its charter) Maryland 52-0880974 (State or other jurisdiction of incorporation or organization) (I ...

Telos Corporation (NASDAQ:TLS) Q4 2021 Earnings Conference Call March 16, 2022 8:00 AM ET Company Participants Christina Mouzavires – Investor Relations John Wood – Chairman and Chief Executive Officer Mark Bendza – Chief Financial Officer Mark Griffin – Executive Vice President of Security Solutions Conference Call Participants Zach Cummins – B. Riley Securities Brad Clark – BMO Rudy Kessinger – D.A. Davidson Alex Henderson – Needham and Company Nehal Chokshi – Northland Capital Markets Andrew King – Colli ...

3Q 2021 Earnings Release Solutions that empower and protect the enterprise.TM November 15, 2021 2 DISCLAIMERS The information contained in this presentation does not constitute or form part of, and should not be construed as, any offer, sale or subscription of, or any invitation to offer, buy or subscribe for, any securities, nor shall there be any offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful. Telos Corporation (the "Company") will only make suc ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________ FORM 10-Q (Address of principal executive offices) (Zip Code) (703) 724-3800 ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended: September 30, 2021 ☐ 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 ...

Revenue and Financial Performance - Revenue increased by 8.1% to $52.6 million for Q2 2021, compared to $48.6 million in Q2 2020[140]. - Security Solutions revenue decreased by approximately 8.8% to $31.2 million, primarily due to a $4.6 million decrease in sales related to the U.S. Census Bureau contract[140]. - Secure Networks revenue increased by approximately 48.6% to $21.4 million, driven by contracts with the DoD[140]. - Gross profit increased by 17.0% to $20.6 million for Q2 2021, with a gross margin increase to 39.1% from 36.2% in Q2 2020[142]. - SG&A expenses increased by 212.7% to $39.1 million for Q2 2021, primarily due to stock-based compensation[143]. - Operating loss was $18.6 million for Q2 2021, compared to an operating income of $5.1 million in Q2 2020[144]. - Net loss attributable to Telos Corporation was $18.7 million for Q2 2021, compared to a net income of $0.3 million in Q2 2020[147]. - Total assets increased to $220.1 million as of June 30, 2021, from $183.8 million as of December 31, 2020[156]. - Total liabilities decreased to $55.4 million as of June 30, 2021, from $56.7 million as of December 31, 2020[157]. - Net loss attributable to Telos Corporation for the six months ended June 30, 2021, was $33.5 million, compared to $2.0 million for the same period in 2020[155]. - For the three months ended June 30, 2021, Telos Corporation reported a net loss of $18.7 million, compared to a net income of $0.3 million for the same period in 2020[162]. - Adjusted EBITDA for the six months ended June 30, 2021, was $5.7 million, a decrease from $8.2 million for the same period in 2020[162]. - Adjusted Net Income for the three months ended June 30, 2021, was $2.6 million, resulting in an Adjusted EPS of $0.04[164]. - The company does not anticipate paying any cash dividends on its common stock in the foreseeable future[167]. Backlog and Revenue Composition - Recurring revenue has exceeded 85% of the company's annual revenue for the past three years[125]. - Total backlog consists of contract revenues remaining to be earned, with funded backlog expected to be earned within one year[126]. Government and Cybersecurity Initiatives - President Biden's FY 2022 budget request includes $715 billion for the Department of Defense, a 1.6% increase from FY 2021[132]. - The company offers a premier platform for enterprise cyber risk management, Xacta, which is widely used across the U.S. federal government[122]. - The company has developed Telos Ghost, a virtual obfuscation network-as-a-service aimed at enhancing security and privacy[126]. - The company maintains government certifications that distinguish its identity services, including TSA PreCheck enrollment provider and FBI-approved Channeler[126]. - The company anticipates increased demand for its solutions due to intensified efforts to defend against ransomware and cyberattacks[136]. - Federal agencies are enhancing cybersecurity measures, which may lead to increased need for the company's services[138]. - The company is positioned to benefit from the government's shift towards secure cloud services and zero trust architecture[137]. - The company's solutions are critical for maintaining continuity of services during the ongoing shift to teleworking by federal employees[135]. Cash Flow and Capital Management - Cash used in operating activities was $5.8 million for the six months ended June 30, 2021, compared to cash provided of $0.8 million for the same period in 2020[169]. - Cash provided by financing activities was $35.5 million for the six months ended June 30, 2021, primarily due to proceeds from the follow-on offering[171]. - The company intends to use remaining net proceeds from the IPO and follow-on offering for general corporate purposes and potential acquisitions[167]. - As of June 30, 2021, working capital was $139.7 million, an increase from $105.2 million as of December 31, 2020[168]. - Cash used in investing activities was approximately $4.7 million for the six months ended June 30, 2021, primarily due to software development costs[170].

Telos Investor Presentation Solutions that empower and protect the enterprise.TM May 2021 Disclaimer The information contained in this presentation does not constitute or form part of, and should not be construed as, any offer or sale or subscription of, or any invitation to offer, buy or subscribe for, any securities, nor shall there be any offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful. Telos Corporation (the "Company") will only make such an of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended: March 31, 2021 ◻ 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) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification ...