secwatch.observer — SEC 8-K summary
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Issuer:     TELOS CORP (TLS)
CIK:        0000320121
Form:       8-K
Filed at:   2024-03-15T23:59:59+00:00
Accession:  0000320121-24-000016
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/320121/000032012124000016/0000320121-24-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/320121/000032012124000016/tls-20240315.htm
  HTML page:      https://secwatch.observer/filing/0000320121-24-000016

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer