secwatch.observer — SEC 8-K summary
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Issuer:     TELOS CORP (TLS)
CIK:        0000320121
Form:       8-K
Filed at:   2024-08-09T23:59:59+00:00
Accession:  0000320121-24-000082
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Telos Q2 revenue $28.5M above guidance; cash gross margin expands to 42.0%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/320121/000032012124000082/0000320121-24-000082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/320121/000032012124000082/tls-20240809.htm
  HTML page:      https://secwatch.observer/filing/0000320121-24-000082

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