{"schema_version":"secwatch.filing_event.v1","accession":"0000320121-24-000092","form_type":"8-K","ticker":"TLS","cik":"0000320121","company_name":"TELOS CORP","filed_at":"2024-11-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.700570+00:00","generated_at":"2026-05-30T02:25:10.186645+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Telos Q3 revenue falls to $23.8M, GAAP net loss $28.1M; guides Q4 rev up 3-11% sequentially","bullets":["Revenue $23.8M, down 34% YoY from $36.2M; GAAP net loss $28.1M vs $8.7M loss YoY.","GAAP gross margin 13.2% (down from 36.0% YoY); cash gross margin 44.0% (up from 41.5%).","Non-cash impairment of $11.7M on capitalized software and $1.4M restructuring charge hit results.","Security Solutions (TSA PreCheck) drives sequential growth; enrollment centers at 173, targeting 500 by 2025.","Q4 guidance: revenue $24.5-26.5M, adjusted EBITDA loss $4.5-3.5M; expects significant revenue growth in 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0000320121-24-000092","json":"https://secwatch.observer/filing/0000320121-24-000092.json","markdown":"https://secwatch.observer/filing/0000320121-24-000092.md","text":"https://secwatch.observer/filing/0000320121-24-000092.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/320121/000032012124000092/0000320121-24-000092-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/320121/000032012124000092/tls-20241112.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T02:25:10.186645+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}