{"schema_version":"secwatch.filing_event.v1","accession":"0000320121-22-000123","form_type":"8-K","ticker":"TLS","cik":"0000320121","company_name":"TELOS CORP","filed_at":"2022-11-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.154936+00:00","generated_at":"2026-06-22T02:15:28.393193+00:00","sec_items":["2.02","5.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Telos Q3 revenue $63.6M beats guidance; lowers FY2022 outlook on Secure Networks; EVP retiring","bullets":["Q3 revenue $63.6M (above guidance high); GAAP net loss $7.3M; adjusted EBITDA $8.6M (above guidance).","FY2022 guidance lowered primarily due to shortfall in short-lead-time Secure Networks business in Q4.","Brendan Malloy, EVP Secure Networks, retiring at end of 2022 after 26 years.","Cash flow from ops $12.0M; free cash flow $8.4M; deployed $4.7M to share repurchases in Q3.","Security Solutions rev $32.4M (48% margin); Secure Networks rev $31.2M (17.2% margin)."],"urls":{"canonical":"https://secwatch.observer/filing/0000320121-22-000123","json":"https://secwatch.observer/filing/0000320121-22-000123.json","markdown":"https://secwatch.observer/filing/0000320121-22-000123.md","text":"https://secwatch.observer/filing/0000320121-22-000123.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/320121/000032012122000123/0000320121-22-000123-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/320121/000032012122000123/tls-20221103.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T02:15:28.393193+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"149fff6e91117bd77b9a5a80059208101b9f5e3c","claim":"TELOS CORP reported the quarter ended September 30, 2022 results: revenue $63.6 million, net income $7.3 million, EPS $(0.11) per diluted share. Guidance lowered.","evidence_excerpt":"of 1933, except as shall be expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- Telos Corporation Announces Third Quarter Results: Delivers $63.6 Million of Revenue, 32.9% Gross Margin, and $12.0 Million of Cash Flow from Operations • Exceeded High End of Guidance Range on All Financial Metrics • Generated $12.0 Million of Cash","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/320121/000032012122000123/0000320121-22-000123-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended September 30, 2022"},{"label":"Revenue","value":"$63.6 million"},{"label":"Net income","value":"$7.3 million"},{"label":"EPS","value":"$(0.11) per diluted share"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"2e194a5ced","claim":"Brendan Malloy departed as Executive Vice President of Secure Networks at TELOS CORP.","evidence_excerpt":"On November 3, 2022, Mr. Brendan Malloy, Executive Vice President of Secure Networks, informed the Company that he is retiring at the end of 2022 after serving Telos and its customers for over 26 years.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/320121/000032012122000123/0000320121-22-000123-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"retiring"},{"label":"Role","value":"Executive Vice President of Secure Networks"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}