---
schema_version: "secwatch.filing_event.v1"
accession: "0001069258-23-000006"
form_type: "8-K"
ticker: "KTOS"
cik: "0001069258"
company_name: "KRATOS DEFENSE & SECURITY SOLUTIONS, INC."
filed_at: "2023-02-23T23:59:59+00:00"
generated_at: "2026-06-19T01:24:29.535827+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Kratos Q4 revenue $249.3M (+17.8% YoY); net loss $8.3M; FY23 guidance $980M-$1B

## Summary
- Q4 2022 revenue $249.3M, up 17.8% YoY; net loss $8.3M ($0.07 loss per share); adjusted EPS $0.08.
- FY2022 revenue $898.3M (+10.7% YoY); net loss $36.9M ($0.29 loss per share); adjusted EPS $0.31.
- FY2023 guidance: revenue $980M-$1B, adjusted EBITDA $85-$89M, free cash flow $10-$20M.
- Record consolidated backlog $1.11B; bid pipeline $10B; Q4 book-to-bill 1.2x.
- CEO cites new hypersonic awards, Valkyrie drone contracts, and expects ~10% revenue growth in 2023.

## SEC filing metadata
- accession: 0001069258-23-000006
- form_type: 8-K
- ticker: KTOS
- cik: 0001069258
- company_name: KRATOS DEFENSE & SECURITY SOLUTIONS, INC.
- filed_at: 2023-02-23T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1069258/000106925823000006/0001069258-23-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1069258/000106925823000006/ktos-20230223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001069258-23-000006
- JSON: https://secwatch.observer/filing/0001069258-23-000006.json
- Plain text: https://secwatch.observer/filing/0001069258-23-000006.txt

## Key facts
- Earnings Releases
  KRATOS DEFENSE & SECURITY SOLUTIONS, INC. reported Fiscal 2022 results: revenue $898.3 Million.
  - Period: Fiscal 2022
  - Revenue: $898.3 Million
  - Result: reported results
  source text: ress Contact: Yolanda White 858-812-7302 Direct Investor Information: 877-934-4687 investor@kratosdefense.com Kratos Reports Fourth Quarter and Fiscal 2022 Financial Results Fiscal 2022 Revenues of $898.3 Million and Fourth Quarter 2022 Revenues of $249.3 Million Increased 10.7 Percent and 17.8 Percent over Fiscal Year and Fourth Quarter 2021 Revenues, Respectively Fourth Quarter 2022 Consolidated Book to Bill Ratio of 1.2 to 1 Fiscal 2022 Consolidated Book to Bill Ratio of 1.1 to 1 SAN DIEGO, CA, February 23, 2023 – Kratos Defense & Security Solutions, Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1069258/000106925823000006/0001069258-23-000006-index.htm
- Earnings Releases
  KRATOS DEFENSE & SECURITY SOLUTIONS, INC. reported the fourth quarter of 2022 results: revenue $249.3 million, net income $8.3 million, EPS $0.07.
  - Period: the fourth quarter of 2022
  - Revenue: $249.3 million
  - Net income: $8.3 million
  - EPS: $0.07
  - Result: reported results
  source text: For the fourth quarter of 2022, Kratos reported Revenues of $249.3 million, Operating Income of $4.1 million, Net Loss of $8.3 million, Adjusted EBITDA of $19.2 million and a consolidated book to bill ratio of 1.2 to 1.0. Included in fourth quarter 2022 Net Loss and Operating Income is non-cash stock compensation expense of $6.4 million and Company-funded Research and Development (R&D) expense of $10.6 million, primarily reflecting significant ongoing development efforts being made, including in our Space and Satellite business to develop our virtual, software-based OpenSpace command & control (C2), telemetry tracking & control (TT&C) and other ground system solutions. Also included in fourth quarter 2022 Net Loss is a tax provision of $6.0 million primarily resulting from a non-cash valuation allowance of $5.6 million recorded related to deferred tax assets of certain state net operating loss carryforwards and R&D credits. Kratos reported a fourth quarter 2022 GAAP Net Loss per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1069258/000106925823000006/0001069258-23-000006-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.