earnings
confidence high
sentiment negative
materiality 0.80
Kratos Q3 rev $200.6M, net loss $2.4M; lowers FY21 revenue guidance to $805-815M
KRATOS DEFENSE & SECURITY SOLUTIONS, INC.
2021-Q3 EPS reported
$0.00
revenue$599,900,000
- Q3 revenue $200.6M (-1% YoY); GAAP EPS loss $0.02 vs $0.02 income; adjusted EPS flat at $0.09.
- Space, Satellite & Cyber rev $72.0M, up 17.5% organic; Unmanned Systems rev $61.3M, up 14.6% organic.
- Guides FY21 revenue $805-815M (prev $810-850M); Adjusted EBITDA $80-84M (prev $81-87M).
- Unmanned Systems book-to-bill 1.1x in Q3; consolidated backlog $839.1M, down from $865.6M Q2.
- Cash $369.9M; free cash flow use guidance improved to $20-30M from $30-40M.