Highest-materiality recent filing
Kratos Q2 revenue $458.8M (+30.5% YoY); raises FY2026 revenue guidance to $1.75-1.81B
Q2 revenue $458.8M (+30.5% YoY, +19.1% organic); GAAP EPS $0.02, adjusted EPS $0.21 vs $0.11 YoY.
Kratos shareholders approve authorized share increase to 245M and 6.9M equity plan shares
Authorized common stock increased from 195M to 245M shares; approved with 161.5M for, 2.2M against.
Kratos Q1 rev $371M (+22.6%), adj EPS $0.16; raises FY26 rev guidance to $1.70-1.76B
Q1 GAAP net income $11.9M ($0.07 EPS) vs $4.5M ($0.03) YoY; adjusted EPS $0.16 vs $0.12.
Kratos appoints former Dynetics CEO David King to board effective March 23
David King, 64, appointed to Kratos board and Audit Committee; Hoglund steps down from Audit Committee but remains Chairman.
Kratos completes $352.7M cash acquisition of Orbit Technologies at $13.725/share
Kratos paid $352.7M in cash for 100% of Orbit at $13.725 per share.
Kratos closes $1.2B net equity offering of 14.3M shares at $84; over-allotment exercised
Priced 14,285,714 shares at $84.00; underwriters exercised option for 2,142,857 additional shares.
Kratos Q4 revenue $345.1M (+21.9% YoY); FY25 revenue $1.347B; guides FY26 rev $1.595-1.675B
Q4 GAAP net income $5.9M ($0.03 EPS); adjusted EPS $0.18 vs $0.13 YoY.
Kratos to buy Orbit Technologies for $356.3M ($13.725/share) in cash; closes by March 2026
Kratos to acquire Orbit Technologies for $356.3M in cash; funded from balance sheet.
Kratos Q3 revenue up 26% to $347.6M; raises FY2025 guidance, boosts 2026 outlook
Q3 GAAP net income $8.7M ($0.05 EPS) vs $3.2M ($0.02); adjusted EPS $0.14 vs $0.11.
Kratos Q2 revenues up 17% to $351.5M; raises FY25 revenue and Adjusted EBITDA guidance
Q2 GAAP net income $2.9M ($0.02 EPS) vs $7.9M ($0.05) YoY; adjusted EPS $0.11 vs $0.14.
Kratos closes $500M common stock offering; proceeds for capex and acquisitions
Priced 12,987,013 shares at $38.50; underwriters exercised in full for additional 1,948,052 shares.
Kratos shareholders elect all 8 director nominees, ratify auditor, approve say-on-pay
All 8 director nominees elected; Bradley Boyd 113.3M For, Amy Zegart 95.0M For.
Kratos Q1 revenue $302.6M (+9.2% YoY, 7.4% organic), adj EPS $0.12; FY25 guidance reaffirmed
GAAP net income $4.5M ($0.03/share) vs $1.3M ($0.01) YoY; adjusted EPS $0.12 vs $0.11.
Kratos Q4 2024 revenue $283.1M, FY 2024 revenue $1.136B (+9.6%); guides FY 2025 +10% organic growth
Q4 GAAP EPS $0.03, adj EPS $0.13; full year GAAP EPS $0.11, adj EPS $0.49 vs FY 2023 loss.
Kratos Q3 net income $3.2M, revenue $275.9M; affirms FY2024 guidance
Q3 revenue $275.9M (+0.5% YoY); GAAP net income $3.2M ($0.02 EPS) vs net loss $1.6M a year ago.
Kratos director Daniel Hagen resigns from Board effective October 2, 2024
Daniel Hagen resigned from Kratos board and all committees, effective Oct 2, 2024.
Kratos Q2 revenue $300.1M (+16.8%), GAAP net income $7.9M, affirms FY24 guidance
Q2 rev $300.1M (+16.8% YoY, 16.7% organic); GAAP EPS $0.05 vs ($0.02); Adj EPS $0.14 vs $0.09.
Kratos adopts amended bylaws, elects all nine directors at annual meeting
Bylaws amended to address universal proxy rules, add federal forum provision for Securities Act claims, and enhance confidentiality requirements.
Kratos Q1 revenue up 19.6% to $277.2M, net income turns positive; reaffirms FY2024 guidance
Revenue $277.2M (+19.6% YoY), net income $1.3M vs loss $7.0M; GAAP EPS $0.01 vs ($0.05).
Kratos appoints retired Brig. Gen. Bobbi Doorenbos to Board of Directors
Board expanded from 8 to 9; Doorenbos elected effective March 28, 2024.
Kratos prices $300M common stock offering at $18/sh; net proceeds ~$288M
Offering of 16,666,667 shares at $18.00 each; underwriters' option for 2,500,000 additional shares exercised in full.
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.
Kratos Q3 revenues $274.6M (+20% organic YoY), raises FY revenue guidance
Q3 revenues $274.6M, up 20.1% organically YoY; GAAP net loss $1.6M ($0.01 loss/share) vs $8.0M loss in Q3 2022.
Kratos appoints Brad Boyd and Dan Hagen to Board; directors Judd and Liberatore retire
Jane Judd and Samuel Liberatore retired from the Board effective November 1, 2023, not due to any disagreement.
Kratos issues 866,026 shares to acquire Sierra Technical Services; earn-out could add 979,038 shares
Issued 866,026 common shares to acquire all outstanding equity of Sierra Technical Services (STS) on Oct 3, 2023.
Kratos Q2 revenues up 14.6% to $256.9M; net loss narrows to $0.02 EPS; FY guidance affirmed
Q2 revenues $256.9M (+14.6% YoY); GAAP net loss $2.7M ($0.02/share) vs $4.7M loss ($0.04) in Q2 2022.
Kratos shareholders approve 2023 equity incentive plan and stock purchase plan
Approved 2023 Equity Incentive Plan authorizing up to 4,393,190 shares plus carryover from prior plans.
Kratos Q1 revenues up 18.1% to $231.8M, net loss narrows to $0.05/sh
Revenue $231.8M (+18.1% YoY, 12% organic); GAAP net loss $7.0M ($0.05/sh) vs $15.9M loss YoY.
Kratos Q4 revenue $249.3M (+17.8% YoY); net loss $8.3M; FY23 guidance $980M-$1B
Q4 2022 revenue $249.3M, up 17.8% YoY; net loss $8.3M ($0.07 loss per share); adjusted EPS $0.08.
Kratos Q3 revenues up 14% but net loss widens to $8M; lowers FY22 guidance
Revenue $228.6M (+14% YoY); net loss $8.0M vs $2.4M loss a year ago; GAAP EPS -$0.06.
Kratos Q2 2022 revenue $224.2M, net loss $4.7M; FY rev guide $890-930M
GAAP loss per share $0.04 vs income $0.01 in Q2 2021; adjusted EPS $0.07 vs $0.06.
Kratos registers 190,258 shares for resale via prospectus supplement
Filed 424(b)(3) prospectus supplement on July 29, 2022 registering 190,258 shares of common stock.
Kratos shareholders elect all 8 director nominees, ratify auditor, approve say-on-pay
All eight director nominees elected, e.g., Eric DeMarco received 94.94M for vs 0.88M withheld.
GAAP loss per share $0.12 vs +$0.01 YoY; adjusted EPS $0.04 vs $0.06.
Kratos FY21 revenue $811.5M (+8.5%), Q4 net loss $2.6M; FY22 guidance $880-920M
FY21 revenue $811.5M, up 8.5% YoY; Q4 revenue $211.6M, up 2.5%. GAAP loss per share $0.02; adjusted EPS $0.36 vs $0.33.
Kratos refinances $300M 6.5% senior notes with new $400M bank credit facility
New 5-year facility: $200M revolver (drawn $100M) and $200M term loan A (drawn $200M).
Kratos to redeem all $300M 6.5% Senior Secured Notes; expects $10-13M annual interest savings
$300M in 6.5% notes due 2025 to be redeemed on March 14, 2022 at 103.25% of par plus accrued interest.
Kratos Q3 rev $200.6M, net loss $2.4M; lowers FY21 revenue guidance to $805-815M
Q3 revenue $200.6M (-1% YoY); GAAP EPS loss $0.02 vs $0.02 income; adjusted EPS flat at $0.09.
Kratos Q2 revenue $205.1M, up 20.4% YoY; Unmanned Systems revenue up 43.6%
Revenue $205.1M (+20.4% YoY); organic growth 12.3%. Net income $1.1M vs net loss $0.7M in Q2 2020.
On October 2, 2024, Daniel Hagen informed the board of directors (the “Board”) of Kratos Defense & Security Solutions, Inc. (the “Company”) of his decision to resign from the Board and, in connection with his resignation from the Board, all related Board committees, effective immediately.
On March 28, 2024, the Board increased the authorized number of directors of the Board from eight to nine and, upon the recommendation of the Nominating and Corporate Governance Committee, elected Brigadier General (Retired) Bobbi “Flash” Doorenbos to the Board, effective immediately.
On November 1, 2023, the Board, upon the recommendation of the Nominating and Corporate Governance Committee, elected retired Army Col. Brad Boyd and Dan Hagen to the Board, effective immediately.
On October 30, 2023, Samuel Liberatore informed the Board of his decision to retire from the Board and in connection with his retirement resign from the Board and all related committees, effective November 1, 2023.
On November 1, 2023, the Board, upon the recommendation of the Nominating and Corporate Governance Committee, elected retired Army Col. Brad Boyd and Dan Hagen to the Board, effective immediately.
Jane Judd informed the board of directors (the “Board”) of Kratos Defense & Security Solutions, Inc. (the “Company”) of her decision to retire from the Board and in connection with her retirement resign from the Board and all related committees, effective November 1, 2023.
Max materiality 0.85 · Median 0.75 · Most common event earnings