---
schema_version: "secwatch.filing_event.v1"
accession: "0000320121-23-000053"
form_type: "8-K"
ticker: "TLS"
cik: "0000320121"
company_name: "TELOS CORP"
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T07:58:05.404297+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Telos Q3 revenue $36.2M, beats guidance; raises full-year outlook on all metrics

## Summary
- Revenue $36.2M, above high end of guidance; down 43% YoY from $63.6M.
- GAAP net loss $8.7M ($0.12 EPS); adjusted net loss $4.7M ($0.07 adjusted EPS).
- Gross margin expanded 303 bps YoY to 36.0%; non-GAAP gross margin 41.5%.
- Generated $0.8M cash from operations; free cash flow negative $3.0M.
- Raised full-year 2023 outlook for revenue, margins, and adjusted EBITDA.

## SEC filing metadata
- accession: 0000320121-23-000053
- form_type: 8-K
- ticker: TLS
- cik: 0000320121
- company_name: TELOS CORP
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/320121/000032012123000053/0000320121-23-000053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/320121/000032012123000053/tls-20231109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000320121-23-000053
- JSON: https://secwatch.observer/filing/0000320121-23-000053.json
- Plain text: https://secwatch.observer/filing/0000320121-23-000053.txt

## Key facts
- Earnings Releases
  TELOS CORP reported the third quarter 2023 results: revenue $36.2 million, net income GAAP Net Loss $(8.7), EPS GAAP EPS $(0.12). Guidance raised.
  - Period: the third quarter 2023
  - Revenue: $36.2 million
  - Net income: GAAP Net Loss $(8.7)
  - EPS: GAAP EPS $(0.12)
  - Guidance: raised
  - Result: reported results
  source text: Margin, Returns to Positive Cash Flow From Operations, and Raises Full-Year Outlook • Reports Third Quarter Results Above High End of Guidance Range on All Metrics • Delivered $36.2 Million of Revenue, Reflecting Outperformance by Security Solutions and Official Launch of TSA PreCheck ® Program • Expanded Gross Margin by 303 Basis Points Year-over-Year to 36.0%;
  evidence_url: https://www.sec.gov/Archives/edgar/data/320121/000032012123000053/0000320121-23-000053-index.htm

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