---
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"
generated_at: "2026-06-22T02:15:28.393193+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Telos Q3 revenue $63.6M beats guidance; lowers FY2022 outlook on Secure Networks; EVP retiring

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000320121-22-000123
- JSON: https://secwatch.observer/filing/0000320121-22-000123.json
- Plain text: https://secwatch.observer/filing/0000320121-22-000123.txt

## Key facts
- Earnings Releases
  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.
  - Period: the quarter ended September 30, 2022
  - Revenue: $63.6 million
  - Net income: $7.3 million
  - EPS: $(0.11) per diluted share
  - Guidance: lowered
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/320121/000032012122000123/0000320121-22-000123-index.htm
- Executive change
  Brendan Malloy departed as Executive Vice President of Secure Networks at TELOS CORP.
  - Action: retiring
  - Role: Executive Vice President of Secure Networks
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/320121/000032012122000123/0000320121-22-000123-index.htm

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