secwatch.observer — SEC 8-K summary
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Issuer:     TELOS CORP (TLS)
CIK:        0000320121
Form:       8-K
Filed at:   2021-08-16T23:59:59+00:00
Accession:  0000320121-21-000040
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Telos Q2 revenue up 8% to $52.6M; gross margin expands 290 bps; reaffirms FY guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/320121/000032012121000040/0000320121-21-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/320121/000032012121000040/tls-20210816.htm
  HTML page:      https://secwatch.observer/filing/0000320121-21-000040

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer