secwatch.observer — SEC 8-K summary
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Issuer:     TELOS CORP (TLS)
CIK:        0000320121
Form:       8-K
Filed at:   2023-03-16T23:59:59+00:00
Accession:  0000320121-23-000015
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/320121/000032012123000015/0000320121-23-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/320121/000032012123000015/tls-20230316.htm
  HTML page:      https://secwatch.observer/filing/0000320121-23-000015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer