---
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"
generated_at: "2026-05-30T02:25:10.186645+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Telos Q3 revenue falls to $23.8M, GAAP net loss $28.1M; guides Q4 rev up 3-11% sequentially

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000320121-24-000092
- JSON: https://secwatch.observer/filing/0000320121-24-000092.json
- Plain text: https://secwatch.observer/filing/0000320121-24-000092.txt

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