---
schema_version: "secwatch.filing_event.v1"
accession: "0000320121-24-000018"
form_type: "8-K"
ticker: "TLS"
cik: "0000320121"
company_name: "TELOS CORP"
filed_at: "2024-05-10T23:59:59+00:00"
generated_at: "2026-06-02T04:19:01.114269+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000320121-24-000018
- form_type: 8-K
- ticker: TLS
- cik: 0000320121
- company_name: TELOS CORP
- filed_at: 2024-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/320121/000032012124000018/0000320121-24-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/320121/000032012124000018/tls-20240510.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000320121-24-000018
- JSON: https://secwatch.observer/filing/0000320121-24-000018.json
- Plain text: https://secwatch.observer/filing/0000320121-24-000018.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/320121/000032012124000018/0000320121-24-000018-index.htm

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