Kratos Q1 revenue up 19.6% to $277.2M, net income turns positive; reaffirms FY2024 guidance

KRATOS DEFENSE & SECURITY SOLUTIONS, INC.

2024-Q1 EPS reported $0.01 revenue$277,200,000

Revenue $277.2M (+19.6% YoY), net income $1.3M vs loss $7.0M; GAAP EPS $0.01 vs ($0.05).
Adjusted EPS $0.11 (vs $0.06); Adjusted EBITDA $26.0M; bookings $317.8M with book-to-bill 1.1x.
Unmanned Systems revenue $59.4M (+23.8%), KGS revenue $217.8M (+18.5% organic).
FY2024 guidance reaffirmed: revenue $1.125-1.15B, Adj EBITDA $102-107M; Q2 guide: rev $265-280M, Adj EBITDA $20-23M.
Free cash flow use of $15.9M ($16.6M capex) reflecting Valkyrie drone production before contract award.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

KRATOS DEFENSE & SECURITY SOLUTIONS, INC. reported first quarter 2024 results: revenue $277.2 million, net income Net Income attributable to Kratos of $1.3 million, EPS $0.01.

Period: first quarter 2024
Revenue: $277.2 million
Net income: Net Income attributable to Kratos of $1.3 million
EPS: $0.01
Result: reported results

Exact text from the filing

Kratos Reports First Quarter 2024 Financial Results First Quarter 2024 Revenues of $277.2 Million Increased 19.6 Percent over First Quarter 2023 Revenues of $231.8 Million, including 19.5 Percent Organic Growth

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Source: SEC EDGAR

accession 0001069258-24-000034

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