Telos authorizes $50M share repurchase program; cash position $120.2M

TELOS CORP

Board authorized up to $50M in common stock repurchases, no expiration date.
CEO states program reflects confidence in performance and commitment to shareholder value.
Repurchases may be made through open market, private transactions, or 10b5-1 plans.
As of March 31, 2022, cash and equivalents were $120.2M to fund repurchases.

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