Kratos Q2 revenues up 14.6% to $256.9M; net loss narrows to $0.02 EPS; FY guidance affirmed

KRATOS DEFENSE & SECURITY SOLUTIONS, INC.

2023-Q2 EPS reported -$0.08 revenue$488,700,000

Q2 revenues $256.9M (+14.6% YoY); GAAP net loss $2.7M ($0.02/share) vs $4.7M loss ($0.04) in Q2 2022.
Adjusted EPS $0.09 vs $0.07; Adjusted EBITDA $21.6M.
KGS segment organic growth 17.1%; KUS revenues down to $52.1M but operating income turned positive at $1.2M.
Book-to-bill 1.1x; backlog $1.16B; bid pipeline $10B.
FY 2023 guidance affirmed: revenue $980M-$1B, Adj EBITDA $85-89M, FCF $10-20M.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

KRATOS DEFENSE & SECURITY SOLUTIONS, INC. reported second quarter 2023 results: revenue $256.9 million, net income Net Loss of $2.7 million, EPS GAAP Net Loss per share of $0.02. Guidance reaffirmed.

Period: second quarter 2023
Revenue: $256.9 million
Net income: Net Loss of $2.7 million
EPS: GAAP Net Loss per share of $0.02
Guidance: reaffirmed
Result: reported results

Exact text from the filing

White 858-812-7302 Direct Investor Information: 877-934-4687 investor@kratosdefense.com Kratos Reports Second Quarter 2023 Financial Results Second Quarter 2023 Revenues of $256.9 Million Increased 14.6 Percent Over Second Quarter 2022 Revenues of $224.2 Million, Including 17.1 Percent Organic Growth in Kratos Government Solutions Segment Second Quarter 2023 and

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accession 0001069258-23-000044

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