secwatch.observer — SEC 8-K summary
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Issuer:     TELOS CORP (TLS)
CIK:        0000320121
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0000320121-22-000070
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Telos Q1 revenue $50.2M above guidance; gross margin expands to 37.6%
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- Revenue of $50.2M, above high-end of guidance; gross profit up 30% YoY to $18.9M.
- Gross margin 37.6% vs 26.0% a year ago (+1,160 bps).
- GAAP net loss $(15.0)M (-$0.22 diluted EPS); adjusted EBITDA $1.0M vs $1.5M.
- Cash from operations $0.2M vs -$6.9M; free cash flow -$3.1M vs -$9.5M.
- Reaffirming full year 2022 guidance; launched Telos Advanced Cyber Analytics.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/320121/000032012122000070/0000320121-22-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/320121/000032012122000070/tls-20220510.htm
  HTML page:      https://secwatch.observer/filing/0000320121-22-000070

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