earnings
confidence high
sentiment positive
materiality 0.70
Telos Q2 revenue up 8% to $52.6M; gross margin expands 290 bps; reaffirms FY guidance
TELOS CORP
2021-Q2 EPS reported
-$0.51
revenue$108,317,000
- Revenue $52.6M (+8% YoY; +48% excluding US Census contract); gross profit $20.6M (+17%), margin 39.1%.
- GAAP net loss $(18.7)M vs $3.1M profit; adjusted net income $2.6M; adjusted EPS $0.04.
- Adjusted EBITDA $4.2M vs $6.4M; generated $3.5M cash from operations vs -$0.9M.
- Double-digit growth in Xacta, Telos Ghost, and Secure Networks; won Air Force task order and expanded IC partnership.
- Reaffirms FY 2021 revenue guidance $283M-$295M and adjusted EBITDA $33M-$36M.