---
schema_version: "secwatch.filing_event.v1"
accession: "0001069258-24-000034"
form_type: "8-K"
ticker: "KTOS"
cik: "0001069258"
company_name: "KRATOS DEFENSE & SECURITY SOLUTIONS, INC."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T15:55:05.383569+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001069258-24-000034
- form_type: 8-K
- ticker: KTOS
- cik: 0001069258
- company_name: KRATOS DEFENSE & SECURITY SOLUTIONS, INC.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1069258/000106925824000034/0001069258-24-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1069258/000106925824000034/ktos-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001069258-24-000034
- JSON: https://secwatch.observer/filing/0001069258-24-000034.json
- Plain text: https://secwatch.observer/filing/0001069258-24-000034.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1069258/000106925824000034/0001069258-24-000034-index.htm

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