---
schema_version: "secwatch.filing_event.v1"
accession: "0000320121-23-000015"
form_type: "8-K"
ticker: "TLS"
cik: "0000320121"
company_name: "TELOS CORP"
filed_at: "2023-03-16T23:59:59+00:00"
generated_at: "2026-06-18T01:14:21.137963+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000320121-23-000015
- form_type: 8-K
- ticker: TLS
- cik: 0000320121
- company_name: TELOS CORP
- filed_at: 2023-03-16T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/320121/000032012123000015/0000320121-23-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/320121/000032012123000015/tls-20230316.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000320121-23-000015
- JSON: https://secwatch.observer/filing/0000320121-23-000015.json
- Plain text: https://secwatch.observer/filing/0000320121-23-000015.txt

## Key facts
- Earnings Releases
  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
  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 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/320121/000032012123000015/0000320121-23-000015-index.htm

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