secwatch.observer — SEC 8-K summary
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Issuer:     KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (KTOS)
CIK:        0001069258
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001069258-24-000059
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kratos Q3 net income $3.2M, revenue $275.9M; affirms FY2024 guidance
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- Q3 revenue $275.9M (+0.5% YoY); GAAP net income $3.2M ($0.02 EPS) vs net loss $1.6M a year ago.
- Adjusted EPS $0.11; Adjusted EBITDA $24.6M; cash from ops $6.1M, free cash flow -$9.2M on $15.3M capex.
- Unmanned Systems revenue $64.2M (+13.2% organic); KGS revenue $211.7M, with space satellite decline offset by other growth.
- Consolidated book-to-bill 1.0x; total backlog $1.294B; bid pipeline $12B; affirms FY2024 guidance with revenue $1.125-$1.15B.
- Expects ~10% revenue growth in FY2025 base case; expanding drone production to ~400 units/year from ~165.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1069258/000106925824000059/0001069258-24-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1069258/000106925824000059/ktos-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001069258-24-000059

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