Telos Q2 revenue $32.9M; GAAP net loss improves 43% YoY; raises full-year guidance

TELOS CORP

2023-Q2 EPS reported -$0.27 revenue$68,133,000

Revenue $32.9M (down 41% YoY from $55.8M) but above high end of guidance.
GAAP net loss $(8.0M) vs $(14.2M) YoY; GAAP EPS $(0.12) vs $(0.21).
Adjusted EBITDA $0M vs $4.5M YoY; Adjusted EPS $(0.03) vs $0.04.
Gross margin 37.6% (flat YoY); expanded 36 bps in first half 2023.
Company raised midpoint of full-year 2023 guidance (specific ranges not provided in excerpt).

item 2.02 item 9.01

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 quarter ended June 30, 2023 results: revenue $32.9 million, net income $(8.0) million, EPS $(0.12). Guidance raised.

Period: the quarter ended June 30, 2023
Revenue: $32.9 million
Net income: $(8.0) million
EPS: $(0.12)
Guidance: raised
Result: reported results

Exact text from the filing

Telos Corporation Announces Second Quarter Results: Reports $32.9 Million of Revenue and 37.6% Gross Margin, and Raises Midpoint of Full-Year Guidance

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TELOS CORP filing history →

Source: SEC EDGAR

accession 0000320121-23-000044

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