---
schema_version: "secwatch.filing_event.v1"
accession: "0000320121-21-000058"
form_type: "8-K"
ticker: "TLS"
cik: "0000320121"
company_name: "TELOS CORP"
filed_at: "2021-11-15T23:59:59+00:00"
generated_at: "2026-06-28T08:46:08.190085+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Telos Q3 revenue $70.1M (+48% YoY); record gross profit; raises FY guidance

## Summary
- Revenue $70.1M, up 48% reported, 80% adjusted excluding Census contract; driven by Xacta, Telos ID, Secure Networks.
- Record gross profit $26.1M (+57% YoY); gross margin 37.2% (+229 bps); every segment contributed to expansion.
- GAAP net loss $(5.4)M vs $2.5M income; adjusted net income $6.8M; adjusted EBITDA $8.4M up from $5.8M.
- Cash flow from operations $12.5M; free cash flow $9.4M; FY guidance raised to sales $240-245M, adj EBITDA $18-19M.
- COO Edward Williams retiring, stepping down immediately; Mark Griffin (Telos ID) and Brendan Malloy (Secure Networks) to lead respective units.

## SEC filing metadata
- accession: 0000320121-21-000058
- form_type: 8-K
- ticker: TLS
- cik: 0000320121
- company_name: TELOS CORP
- filed_at: 2021-11-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/320121/000032012121000058/0000320121-21-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/320121/000032012121000058/tls-20211111.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000320121-21-000058
- JSON: https://secwatch.observer/filing/0000320121-21-000058.json
- Plain text: https://secwatch.observer/filing/0000320121-21-000058.txt

## Key facts
- Executive change
  Edward Williams retired as Executive Vice President, Chief Operating Officer at TELOS CORP.
  - Action: retired
  - Role: Executive Vice President, Chief Operating Officer
  source text: On November 11, 2021, Mr. Edward Williams, Executive Vice President, Chief Operating Officer, informed the Company that he is retiring.
  evidence_url: https://www.sec.gov/Archives/edgar/data/320121/000032012121000058/0000320121-21-000058-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.