secwatch.observer — SEC 8-K summary
======================================

Issuer:     KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (KTOS)
CIK:        0001069258
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0001069258-24-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kratos FY23 revenue $1.037B (+15.5% YoY); Q4 GAAP EPS $0.02; guides FY24 rev $1.125-1.15B
--------------------------------------------------------------------------------

- FY23 revenue $1.037B (+15.5% YoY, +12.6% organic); GAAP net loss $8.9M (-$0.07 EPS) vs $36.9M loss in FY22.
- Q4 revenue $273.8M (+9.8%); GAAP net income $2.4M ($0.02 EPS) vs $8.3M loss; adj EPS $0.12.
- Q4 operating cash flow $67.4M; free cash flow $48.1M after $19.3M capex for Valkyrie production lots.
- KGS segment Q4 revenue $218.4M (+17.0% organic); KUS revenue $55.4M, down from $62.7M on lower tactical drone activity.
- FY24 guidance: revenue $1.125-1.15B, Adj EBITDA $102-107M; Q1 rev $240-260M, Adj EBITDA $16-18M; assumes CRA resolved.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1069258/000106925824000005/0001069258-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1069258/000106925824000005/ktos-20240213.htm
  HTML page:      https://secwatch.observer/filing/0001069258-24-000005

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