---
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"
generated_at: "2026-06-15T07:18:56.291570+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Telos Q1 revenue falls 30% to $35.2M; net loss improves 35%; reaffirms FY guidance

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000320121-23-000021
- JSON: https://secwatch.observer/filing/0000320121-23-000021.json
- Plain text: https://secwatch.observer/filing/0000320121-23-000021.txt

## Key facts
- Earnings Releases
  TELOS CORP updated its the quarter ended March 31, 2023 guidance (reaffirmed).
  - Period: the quarter ended March 31, 2023
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/320121/000032012123000021/0000320121-23-000021-index.htm

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