earnings
confidence high
sentiment negative
materiality 0.65
Telos Q2 revenue $28.5M above guidance; cash gross margin expands to 42.0%
TELOS CORP
2024-Q2 EPS reported
-$0.21
revenue$58,117,000
- Revenue $28.5M, down 13% YoY from $32.9M; net loss $7.8M vs $8.0M loss YoY.
- GAAP gross margin 34.1% (down 349bps YoY); cash gross margin improved to 42.0% (up 326bps).
- Adjusted EBITDA loss $2.9M vs break-even YoY; adjusted EPS $(0.09) vs $(0.03).
- TSA PreCheck enrollment centers expanded from 28 to 83; targeting 500 locations by 2025.