{"schema_version":"secwatch.filing_event.v1","accession":"0000320121-23-000021","form_type":"8-K","ticker":"TLS","cik":"0000320121","company_name":"TELOS CORP","filed_at":"2023-05-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.786920+00:00","generated_at":"2026-06-15T07:18:56.291570+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Telos Q1 revenue falls 30% to $35.2M; net loss improves 35%; reaffirms FY guidance","bullets":["Revenue of $35.2M, down from $50.2M YoY; gross margin expanded 66 bps to 38.3%.","GAAP net loss of $10.7M ($0.16 EPS) vs $16.6M ($0.25 EPS) a year ago – improvement of 35%.","Adjusted net loss $2.5M ($0.04 adjusted EPS) compared to $0.7M loss in Q1 2022.","Adjusted EBITDA was negative $0.8M, versus positive $1.0M in prior year.","Company reaffirms full-year 2023 guidance; results exceeded high end of guidance range."],"urls":{"canonical":"https://secwatch.observer/filing/0000320121-23-000021","json":"https://secwatch.observer/filing/0000320121-23-000021.json","markdown":"https://secwatch.observer/filing/0000320121-23-000021.md","text":"https://secwatch.observer/filing/0000320121-23-000021.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/320121/000032012123000021/0000320121-23-000021-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/320121/000032012123000021/tls-20230510.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T07:18:56.291570+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":"78d11437f8dd3bc1a543e5e5a6850de402d2b935","claim":"TELOS CORP updated its the quarter ended March 31, 2023 guidance (reaffirmed).","evidence_excerpt":"On Wednesday, May 10, 2023, Telos Corporation (the “Company”) issued a press release reporting certain financial results of the Company for the quarter ended March 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/320121/000032012123000021/0000320121-23-000021-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2023"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}