secwatch.observer — SEC 8-K summary
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Issuer:     TELOS CORP (TLS)
CIK:        0000320121
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0000320121-23-000053
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/320121/000032012123000053/0000320121-23-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/320121/000032012123000053/tls-20231109.htm
  HTML page:      https://secwatch.observer/filing/0000320121-23-000053

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