secwatch.observer — SEC 8-K summary
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Issuer:     KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (KTOS)
CIK:        0001069258
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001069258-22-000059
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1069258/000106925822000059/0001069258-22-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1069258/000106925822000059/ktos-20221103.htm
  HTML page:      https://secwatch.observer/filing/0001069258-22-000059

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