earnings
confidence high
sentiment negative
materiality 0.75
Kratos Q2 2022 revenue $224.2M, net loss $4.7M; FY rev guide $890-930M
KRATOS DEFENSE & SECURITY SOLUTIONS, INC.
2022-Q2 EPS reported
-$0.16
revenue$420,400,000
- GAAP loss per share $0.04 vs income $0.01 in Q2 2021; adjusted EPS $0.07 vs $0.06.
- Unmanned Systems segment revenue $56.4M (down 6% YoY) includes $5.5M litigation charge; KGS revenue $167.8M (+16% YoY) with $21.5M from acquisitions.
- Space, Satellite and Cyber revenue $88.5M (+31% YoY) including $15M from Cosmic AES; organically up 8.9%.
- FY 2022 guidance: revenue $890-930M, adj EBITDA $80-85M, cap ex $45-55M, FCF use $30-40M.
- Book-to-bill 1.2x; total backlog $1.05B; bid pipeline $9.9B; Q3 revenue forecast $220-230M.