Highest-materiality recent filing
CEO John B. Wood returns from medical leave, resumes all duties as President, CEO, and Chairman
Effective May 28, 2026, John B. Wood resumed full duties as President, CEO, and Chairman of Telos Corporation.
Telos Q1: Revenue up 56% to $47.7M, net income $2.0M, Adj EBITDA $7.9M; reaffirms FY outlook
Revenue grew 56% YoY to $47.7M; Security Solutions up 78% driven by Telos ID.
Telos shareholders approve 5.38M share increase in equity plan at annual meeting
Elected all 7 director nominees with each receiving >44M votes in favor; John B. Wood 52.5M for.
Telos CEO John B. Wood takes medical leave; Q1 revenue expected above guidance high-end
CEO John B. Wood began medical leave April 28, 2026; duration uncertain.
Telos Q4 revenue $46.8M (+77% YoY); Adj EBITDA $7.3M; FY guide 14-21% growth
Revenue $46.8M, up 77% YoY; Security Solutions grew 105% from Telos ID programs.
Telos amends credit agreement: lowers revolver to $15M, extends to Dec 2026
Revolving commitment reduced to $15M with $15M expansion feature; reflects strong liquidity and cash flow.
Telos Q3 revenue $51.4M (+116% YoY), beats guidance; raises full-year outlook
Revenue $51.4M, up 116% YoY, exceeding guidance on Telos ID strength and stronger Q3 weighting.
Telos says no plans for equity raise; $57M cash, no debt, expects positive cash flow
No current plans or needs to raise cash through dilutive equity issuance.
Telos Q2 revenue $36.0M (+26% YoY); Security Solutions up 82%; guides Q3 $44-47M revenue
Revenue $36.0M (+26.2% YoY); Security Solutions $32.5M (+81.8%); GAAP net loss $9.5M.
Telos appoints DJ Terreri as controller and principal accounting officer
Mr. Terreri joined June 30, 2025; designated principal accounting officer on July 8, 2025.
Telos CAO Victoria Harding resigns effective May 30; Bienert named interim
Victoria Harding resigns as Controller and Chief Accounting Officer effective May 30, 2025, to pursue a new professional opportunity.
Telos Q1 revenue $30.6M (+16% seq); GAAP net loss $8.6M; Adj EBITDA $0.4M
Revenue $30.6M, up 16.1% sequentially; Security Solutions $25.8M (84.3%), Secure Networks $4.8M.
Shareholders approve 4.9M share increase to Telos 2016 omnibus incentive plan
Stockholders voted to add 4,900,000 shares to the 2016 Omnibus Long-Term Incentive Plan, raising total to 26,859,913.
Telos reports Q4 revenue $26.4M, 10.9% sequential growth; guides Q1 7-15% growth
Q4 revenue $26.4M, up 10.9% sequentially; Security Solutions $21.9M (83.1%), Secure Networks $4.5M.
Telos announces protest denied on $40M CISA award; stop-work order lifted
CISA denied protest on award worth up to $40M to Telos Security Solutions over 5 years; Stop-Work Order lifted Jan 6, 2025.
Telos Q3 revenue falls to $23.8M, GAAP net loss $28.1M; guides Q4 rev up 3-11% sequentially
Revenue $23.8M, down 34% YoY from $36.2M; GAAP net loss $28.1M vs $8.7M loss YoY.
Telos announces $485M government award protest withdrawn, stop-work order lifted
Protester withdrew protest on an award worth up to $485M to Telos over five years.
Telos Q2 revenue $28.5M above guidance; cash gross margin expands to 42.0%
Revenue $28.5M, down 13% YoY from $32.9M; net loss $7.8M vs $8.0M loss YoY.
Telos shareholders approve 8.5M share increase in 2016 Omnibus Long-Term Incentive Plan
All seven director nominees elected; John B. Wood received 37,364,013 votes for.
Telos Q1 revenue $29.6M (above guidance), GAAP net loss $7.4M narrows YoY
Revenue $29.6M, down 16% YoY from $35.2M; beat high end of guided range.
Telos reports Q4 revenue $41.1M, full-year $145.4M; secures awards worth up to $525M over five years
Q4 revenue $41.1M (down from $47.3M but above expectations); GAAP net loss $(7.0)M vs $(14.2)M prior year.
Telos Q3 revenue $36.2M, beats guidance; raises full-year outlook on all metrics
Revenue $36.2M, above high end of guidance; down 43% YoY from $63.6M.
Telos amends bylaws: board sets director pay, stockholders gain repeal power
Board, not Audit Committee, now sets director compensation (Section 11, Article III).
Telos amends Annual Incentive Plan to allow cash or stock bonus payments
Compensation Committee amended the AIP on Sept 20, 2023, granting discretion to pay awards in cash, stock, or combination.
Telos named TSA's second official PreCheck enrollment provider; begins at 10 locations
Telos Corporation becomes second official TSA PreCheck enrollment and renewal provider, starting at 10 locations.
Telos Board opts for annual say-on-pay votes; next frequency vote by 2029
At 2023 annual meeting, 30.5M shares voted for annual say-on-pay, 5.4M for triennial, 0.1M for biennial.
Telos Q2 revenue $32.9M; GAAP net loss improves 43% YoY; raises full-year guidance
Revenue $32.9M (down 41% YoY from $55.8M) but above high end of guidance.
Telos shareholders reject say-on-pay advisory vote at 2023 annual meeting
Say-on-pay advisory vote failed: 9.7M for vs. 25.9M against; 0.68M abstain.
Telos Q1 revenue falls 30% to $35.2M; net loss improves 35%; reaffirms FY guidance
Revenue of $35.2M, down from $50.2M YoY; gross margin expanded 66 bps to 38.3%.
Telos Q4 revenue $47.3M, GAAP net loss $14.2M; forecasts lower 2023 revenue
Q4 revenue $47.3M vs $64.1M YoY; gross margin 38.6% (+95 bps).
Telos EVP Marketing & Strategy Emmett Wood resigns effective Feb 7, 2023
Emmett J. Wood, EVP Marketing & Strategy, resigned on Jan 9, 2023, effective Feb 7, 2023.
Telos enters $30M senior secured revolving credit facility with JPMorgan; no amounts drawn
$30M revolver maturing Dec 30, 2025; uncommitted expansion option up to $30M.
Telos Q3 revenue $63.6M beats guidance; lowers FY2022 outlook on Secure Networks; EVP retiring
Q3 revenue $63.6M (above guidance high); GAAP net loss $7.3M; adjusted EBITDA $8.6M (above guidance).
TSA grants Telos authority to operate PreCheck enrollment system; trial period begins
TSA issued an Authority to Operate to Telos for its PreCheck system on October 18, 2022.
Telos Q2 revenue $55.8M above guidance; GAAP net loss $12.3M; starts share repurchases
Revenue $55.8M, above high end of guidance; gross margin 37.5%, also above guidance range.
Telos dismisses BDO as auditor, engages PwC effective June 6, 2022
Telos dismissed BDO USA, LLP and engaged PricewaterhouseCoopers as new independent auditor, effective June 6, 2022.
Telos authorizes $50M share repurchase program; cash position $120.2M
Board authorized up to $50M in common stock repurchases, no expiration date.
All seven director nominees elected: John B. Wood (33.3M for, 2.5M withheld), Bonnie L. Carroll (26.1M for, 9.7M withheld), and five others.
Telos Q1 revenue $50.2M above guidance; gross margin expands to 37.6%
Revenue of $50.2M, above high-end of guidance; gross profit up 30% YoY to $18.9M.
Telos receives Nasdaq deficiency notice for failing to file 2021 10-K
Received Nasdaq notice on March 17, 2022 for missing March 16 deadline to file 2021 10-K.
Telos Q4 revenue $64.1M (+43% YoY); delays 10-K filing due to internal controls
Q4 revenue $64.1M (+43% YoY), gross margin 37.7% (+196 bps). GAAP EPS $(0.08), adjusted EPS $0.11.
Telos delays 10-K filing, identifies material weaknesses in internal controls
10-K filing delayed due to year-end closing and internal control assessment slowdown.
Telos appoints Victoria Harding as Chief Accounting Officer; adopts Annual Incentive Plan
Victoria Harding, age 52, joined as controller and chief accounting officer, effective Feb 28, 2022.
Bernard Bailey informed board on Jan 14, 2022 he will not stand for re-election at 2022 annual meeting, no disagreements with Telos.
Telos EVP, General Counsel Jefferson Wright to retire; Hutch Robbins named successor
Jefferson V. Wright, 66, to retire as EVP, General Counsel effective Jan 31, 2022; he will assist in transition.
Telos Q3 revenue $70.1M (+48% YoY); record gross profit; raises FY guidance
Revenue $70.1M, up 48% reported, 80% adjusted excluding Census contract; driven by Xacta, Telos ID, Secure Networks.
Telos Q2 revenue up 8% to $52.6M; gross margin expands 290 bps; reaffirms FY guidance
Revenue $52.6M (+8% YoY; +48% excluding US Census contract); gross profit $20.6M (+17%), margin 39.1%.
Filed Form 8-K on August 16, 2021, disclosing posting of investor presentation on company website.
Telos appoints Mark Bendza as CFO, replacing Michele Nakazawa who will retire
Mark Bendza named EVP and CFO effective July 19, 2021; succeeds Michele Nakazawa after 17 years.
Mark Griffin, Executive Vice President, Security Solutions, Mark Bendza, Executive Vice President and Chief Financial Officer, and Hutch Robbins, Executive Vice President and General Counsel, have ceased exercising the responsibilities of the Chief Executive Officer on an interim basis
Mark Griffin, Executive Vice President, Security Solutions, Mark Bendza, Executive Vice President and Chief Financial Officer, and Hutch Robbins, Executive Vice President and General Counsel, have ceased exercising the responsibilities of the Chief Executive Officer on an interim basis
Fred Schaufeld has ceased serving as Chairman of the Board on an interim basis, with Mr. Wood resuming as Chairman.
Mark Griffin, Executive Vice President, Security Solutions, Mark Bendza, Executive Vice President and Chief Financial Officer, and Hutch Robbins, Executive Vice President and General Counsel, have ceased exercising the responsibilities of the Chief Executive Officer on an interim basis
Effective May 28, 2026, John B. Wood, President, Chief Executive Officer and Chairman of the Board of Telos Corporation (the “Company”), has returned from his medical leave of absence and has resumed his full duties and responsibilities.
Mark Griffin, Executive Vice President, Security Solutions, Mark Bendza, Executive Vice President and Chief Financial Officer, and Hutch Robbins, Executive Vice President and General Counsel, under the oversight of and reporting to the Company’s Board of Directors, have assumed the responsibilities of the Chief Executive Officer on an interim basis.
Mark Griffin, Executive Vice President, Security Solutions, Mark Bendza, Executive Vice President and Chief Financial Officer, and Hutch Robbins, Executive Vice President and General Counsel, under the oversight of and reporting to the Company’s Board of Directors, have assumed the responsibilities of the Chief Executive Officer on an interim basis.
Mark Griffin, Executive Vice President, Security Solutions, Mark Bendza, Executive Vice President and Chief Financial Officer, and Hutch Robbins, Executive Vice President and General Counsel, under the oversight of and reporting to the Company’s Board of Directors, have assumed the responsibilities of the Chief Executive Officer on an interim basis.
John B. Wood, the Company’s President, Chief Executive Officer and Chairman of the Board, is taking a medical leave of absence.
Fred Schaufeld has been appointed by the Board of Directors to serve as its Chairman on an interim basis effective immediately.
Pending that replacement, Assistant Controller Brian Bienert will assume the role of Interim Controller.
On May 19, 2025, Ms. Victoria Harding notified Telos Corporation (the “Company”) that she is resigning as Controller and Chief Accounting Officer, effective May 30, 2025, to pursue a new professional opportunity.
Max materiality 0.85 · Median 0.60 · Most common event earnings