---
schema_version: "secwatch.filing_event.v1"
accession: "0000320121-23-000044"
form_type: "8-K"
ticker: "TLS"
cik: "0000320121"
company_name: "TELOS CORP"
filed_at: "2023-08-09T23:59:59+00:00"
generated_at: "2026-06-11T23:41:12.822699+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0000320121-23-000044
- form_type: 8-K
- ticker: TLS
- cik: 0000320121
- company_name: TELOS CORP
- filed_at: 2023-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/320121/000032012123000044/0000320121-23-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/320121/000032012123000044/tls-20230809.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000320121-23-000044
- JSON: https://secwatch.observer/filing/0000320121-23-000044.json
- Plain text: https://secwatch.observer/filing/0000320121-23-000044.txt

## Key facts
- Earnings Releases
  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
  source text: Telos Corporation Announces Second Quarter Results: Reports $32.9 Million of Revenue and 37.6% Gross Margin, and Raises Midpoint of Full-Year Guidance
  evidence_url: https://www.sec.gov/Archives/edgar/data/320121/000032012123000044/0000320121-23-000044-index.htm

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