secwatch.observer — SEC 8-K summary
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Issuer:     KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (KTOS)
CIK:        0001069258
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001069258-22-000030
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kratos Q1 revenue $196.2M (+1%), GAAP net loss $15.9M includes $13M debt extinguishment; affirms FY22 guidance
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- GAAP loss per share $0.12 vs +$0.01 YoY; adjusted EPS $0.04 vs $0.06.
- Revenue $196.2M, up 1% YoY; impacted by CRA, supply chain, COVID ($15.3M deferred).
- KUS revenue $52.6M (down 6%); KGS revenue $143.6M (up 4%); Space/Sat/Cyber $72.5M (up 24%).
- Backlog $982.1M, bid pipeline $9.4B; Q2 rev guidance $205-215M, FY22 rev $880-920M.
- CEO notes ~150 jet drones produced annually; expects substantial H2 improvement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1069258/000106925822000030/0001069258-22-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1069258/000106925822000030/ktos-20220505.htm
  HTML page:      https://secwatch.observer/filing/0001069258-22-000030

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