Telos(US:TLS)2021-05-18 22:39Financial Performance & Guidance - Q1 2021 revenue reached $55.8 million[25] - Q1 2021 Adjusted EBITDA was $1.5 million[25] - Full year 2021 revenue is projected to be in the range of $283 million to $295 million, representing a 57%-64% increase compared to 2020[25] - Full year 2021 Adjusted EBITDA is expected to be in the range of $33 million to $36 million, a 190%-216% improvement compared to 2020[25] Key Business Highlights - Telos was named as one of the awardees for the 2nd Generation Information Technology (2GIT) blanket purchase agreement[25] - The company secured a 5-year U S Army contract valued at approximately $35 million[25] - Telos' Xacta is now available on Microsoft Azure across all U S Government cloud instances[25] - The company won TSA PreCheck & Center for Medicare & Medicaid Services contract wins (10-year contracts)[31] Market Position & Growth - Telos estimates a large and fast-growing total addressable market (TAM) exceeding $80 billion[26] - The company reports clear visibility into rapidly accelerating, 85%+ recurring revenue growth[26] - The company estimates TSA PreCheck will have 2 million new members per year over a 10-year contract[65]