secwatch.observer — SEC 8-K summary
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Issuer:     TELOS CORP (TLS)
CIK:        0000320121
Form:       8-K
Filed at:   2025-05-09T23:59:59+00:00
Accession:  0000320121-25-000022
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Telos Q1 revenue $30.6M (+16% seq); GAAP net loss $8.6M; Adj EBITDA $0.4M
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- Revenue $30.6M, up 16.1% sequentially; Security Solutions $25.8M (84.3%), Secure Networks $4.8M.
- GAAP gross margin 39.8% (+278 bps YoY); cash gross margin 45.3% (+313 bps).
- GAAP net loss $8.6M; Adjusted EBITDA $0.4M, up $2.7M YoY from $2.3M loss.
- Cash flow from operations $6.1M; free cash flow $3.8M.
- Q2 2025 guidance: revenue $32.5M-$34.5M (14%-21% YoY growth); Adj EBITDA loss $2.1M-$0.6M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/320121/000032012125000022/0000320121-25-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/320121/000032012125000022/tls-20250509.htm
  HTML page:      https://secwatch.observer/filing/0000320121-25-000022

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