Telos Q4 revenue $47.3M, GAAP net loss $14.2M; forecasts lower 2023 revenue

TELOS CORP

Q4 revenue $47.3M vs $64.1M YoY; gross margin 38.6% (+95 bps).
GAAP net loss $14.2M ($0.21 diluted) vs loss $5.5M ($0.08) YoY.
Adjusted EBITDA $5.4M vs $8.8M YoY; adjusted EPS $0.05 vs $0.11.
Full year 2022 revenue $216.9M; cash from ops $16.5M; FCF $11.2M.
CEO: 2023 transition year with lower revenue due to program wind-down and fewer new wins; hired two senior leaders.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TELOS CORP reported the fourth quarter and full year 2022 results: revenue $47.3 million, net income $14.2 million GAAP net loss, EPS ($0.21) per share, diluted.

Period: the fourth quarter and full year 2022
Revenue: $47.3 million
Net income: $14.2 million GAAP net loss
EPS: ($0.21) per share, diluted
Result: reported results

Exact text from the filing

of 1933, except as shall be expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- Telos Corporation Announces Fourth Quarter Results: Delivers $47.3 Million of Revenue and 38.6% Gross Margin • Delivered Quarterly Revenue of $47.3 Million and Full Year Revenue of $216.9 Million • Expanded Quarterly Gross Margin by 95 Basis Points to

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TELOS CORP filing history →

Source: SEC EDGAR

accession 0000320121-23-000015

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