secwatch.observer — SEC 8-K summary
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Issuer:     TELOS CORP (TLS)
CIK:        0000320121
Form:       8-K
Filed at:   2025-11-10T23:59:59+00:00
Accession:  0000320121-25-000049
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Telos Q3 revenue $51.4M (+116% YoY), beats guidance; raises full-year outlook
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- Revenue $51.4M, up 116% YoY, exceeding guidance on Telos ID strength and stronger Q3 weighting.
- GAAP Gross Margin 39.9% (+2,672 bps); Cash Gross Margin 44.8% (+78 bps); GAAP Net Loss $2.1M.
- Adjusted EBITDA $10.1M, up $14.2M YoY; operating cash flow $9.1M (17.8% of revenue).
- Q4 guidance: revenue $44.0-$46.3M (67-76% YoY); FY25 revenue $162.0-$164.3M (50-52%).
- Repurchased 584,213 shares for $3.6M at avg $6.23; cites potential federal shutdown delays.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/320121/000032012125000049/0000320121-25-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/320121/000032012125000049/tls-20251110.htm
  HTML page:      https://secwatch.observer/filing/0000320121-25-000049

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