Telos reports Q4 revenue $41.1M, full-year $145.4M; secures awards worth up to $525M over five years

TELOS CORP

Q4 revenue $41.1M (down from $47.3M but above expectations); GAAP net loss $(7.0)M vs $(14.2)M prior year.
Full year revenue $145.4M; Q4 cash flow ops $5.0M, free cash flow $1.8M.
Prime partners received awards worth up to $525M to Telos over five years, subject to protest resolution.
Adjusted EBITDA loss $(3.2)M vs prior year $5.4M; CEO cites path to sequential revenue growth in 2024.
GAAP EPS $(0.10), diluted weighted shares 69.8M.

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 1.0

TELOS CORP reported financial results for the fourth quarter and year ended December 31, 2023.

Period: the fourth quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On Friday, March 15, 2024, Telos Corporation (the “Company”) issued a press release reporting certain financial results of the Company for the fourth quarter and year ended December 31, 2023.

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Source: SEC EDGAR

accession 0000320121-24-000016

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