secwatch.observer — SEC 8-K summary
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Issuer:     KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (KTOS)
CIK:        0001069258
Form:       8-K
Filed at:   2021-11-03T23:59:59+00:00
Accession:  0001069258-21-000043
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kratos Q3 rev $200.6M, net loss $2.4M; lowers FY21 revenue guidance to $805-815M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1069258/000106925821000043/0001069258-21-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1069258/000106925821000043/ktos-20211103.htm
  HTML page:      https://secwatch.observer/filing/0001069258-21-000043

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