Telos Q1 revenue $29.6M (above guidance), GAAP net loss $7.4M narrows YoY

TELOS CORP

2024-Q1 EPS reported -$0.10 revenue$29,619,000

Revenue $29.6M, down 16% YoY from $35.2M; beat high end of guided range.
GAAP gross margin 37.0% (down 127bps); cash gross margin expanded 249bps to 42.2%.
GAAP net loss $(7.4)M vs $(10.7)M YoY; GAAP EPS $(0.10), adjusted EPS $(0.08).
Adjusted EBITDA $(2.3)M (7.9% margin) vs $(0.8)M (2.4% margin) a year ago.
Expects sequential revenue growth in Q3 or Q4 '24, subject to protest resolution.

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 0.95

TELOS CORP reported the first quarter of 2024 results: revenue $29.6 Million, net income GAAP Net Loss $(7.4), EPS GAAP EPS $(0.10).

Period: the first quarter of 2024
Revenue: $29.6 Million
Net income: GAAP Net Loss $(7.4)
EPS: GAAP EPS $(0.10)
Result: reported results

Exact text from the filing

Telos Corporation Announces First Quarter Results Above Guidance: Reports $29.6 Million of Revenue, 37.0% GAAP Gross Margin, and 42.2% Cash Gross Margin

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Source: SEC EDGAR

accession 0000320121-24-000018

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