secwatch.observer — SEC 8-K summary
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Issuer:     KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (KTOS)
CIK:        0001069258
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001069258-24-000034
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1069258/000106925824000034/0001069258-24-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1069258/000106925824000034/ktos-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001069258-24-000034

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