secwatch.observer — SEC 8-K summary
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Issuer:     TELOS CORP (TLS)
CIK:        0000320121
Form:       8-K
Filed at:   2025-03-10T23:59:59+00:00
Accession:  0000320121-25-000010
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Telos reports Q4 revenue $26.4M, 10.9% sequential growth; guides Q1 7-15% growth
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- Q4 revenue $26.4M, up 10.9% sequentially; Security Solutions $21.9M (83.1%), Secure Networks $4.5M.
- GAAP gross margin 40.3%; cash gross margin 47.0%, highest since 2020 IPO; full-year cash margin 43.7% (best since 2000).
- GAAP net loss $9.3M; Adjusted EBITDA loss $0.2M, above top end of guidance range.
- Q1 2025 guidance: revenue $28.2-30.2M, Adjusted EBITDA loss $1.8-0.8M, positive cash flow.
- Targeting 500 TSA PreCheck enrollment locations in FY2025 (currently 218).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/320121/000032012125000010/0000320121-25-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/320121/000032012125000010/tls-20250310.htm
  HTML page:      https://secwatch.observer/filing/0000320121-25-000010

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