Kratos Q3 revenues up 14% but net loss widens to $8M; lowers FY22 guidance

KRATOS DEFENSE & SECURITY SOLUTIONS, INC.

2022-Q3 EPS reported -$0.23 revenue$649,000,000

Revenue $228.6M (+14% YoY); net loss $8.0M vs $2.4M loss a year ago; GAAP EPS -$0.06.
Adjusted EPS $0.08, down from $0.09; includes $6.4M charge for non-recoverable labor and inflation costs.
Full-year 2022 revenue guidance cut to $880-900M from $890-930M; Adj. EBITDA lowered to $70-75M from $80-85M.
Free cash flow use forecast at $70-80M for FY22; Q3 free cash flow used $15.7M.
Backlog $1.07B; bid pipeline $9.9B; LTM book-to-bill 1.2x.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

KRATOS DEFENSE & SECURITY SOLUTIONS, INC. reported third quarter 2022 results: revenue $228.6 million, net income Net Loss of $8.0 million, EPS loss per share of $0.06.

Period: third quarter 2022
Revenue: $228.6 million
Net income: Net Loss of $8.0 million
EPS: loss per share of $0.06
Result: reported results

Exact text from the filing

Kratos reported Revenues of $228.6 million, Operating Loss of $3.6 million, Net Loss of $8.0 million, Adjusted EBITDA of $20.0 million

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Source: SEC EDGAR

accession 0001069258-22-000059

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