Welcome to our dedicated page for Telos news (Ticker: TLS), a resource for investors and traders seeking the latest updates and insights on Telos stock.
Overview of Telos Corporation
Telos Corporation (NASDAQ: TLS) specializes in providing technologically advanced, software-based security solutions designed to empower and protect organizations that require continuous security assurance. With a comprehensive suite of offerings in cybersecurity, IT risk management, and cloud security, Telos delivers solutions that safeguard individuals, systems, and critical information assets. Serving federal agencies, military and intelligence organizations, as well as commercial and regulated enterprises, the company is well positioned in a competitive market that demands rigorous security and compliance standards.
Core Business Segments and Offerings
The company operates its business through two primary segments: Security Solutions and Secure Networks. The Security Solutions segment provides an array of cybersecurity services including robust IT risk management, information security, and cloud security solutions. These offerings are tailored to help clients achieve continuous compliance with both industry and government security standards while managing emerging cyber threats.
The Secure Networks segment focuses on enterprise security measures such as identity and access management, secure mobility solutions for globally connected organizations, and advanced network defense systems. These solutions ensure that organizations maintain secure environments, manage insider threats effectively, and streamline their communications and network management processes.
Industry Position and Market Significance
Telos Corporation is recognized for its commitment to providing specialized cybersecurity solutions that are crucial for national security and for organizations facing sophisticated and pervasive threats. The company has demonstrated its capability as a trusted partner through strategic awards and recognitions within the cybersecurity industry. Its involvement in critical public safety initiatives, such as facilitating TSA PreCheck enrollment services across a wide network of enrollment centers, highlights its operational versatility and deep integration with government systems.
Furthermore, Telos’ extensive portfolio in addressing cyber risk and security compliance, including adherence to standards like StateRAMP for state and local government cloud security, reinforces its expertise and authority in the field. This comprehensive approach to security assurance positions Telos as an indispensable resource for clients that require dependable, continuously monitored security solutions.
Technological Innovation and Operational Excellence
At the heart of Telos’ business is its ability to harness advanced technologies to deliver uninterrupted security performance and compliance readiness. By integrating intelligent workflow automation in cyber risk assessment and leveraging cutting-edge cloud security practices, Telos ensures that its clients benefit from proactive security management and continuous threat detection.
- Cybersecurity and IT Risk Management: Telos develops robust solutions aimed at mitigating risks associated with digital threats, optimizing control frameworks, and reinforcing information security infrastructures.
- Cloud Security Solutions: Their cloud security offerings are designed to secure cloud-based assets and ensure continuous compliance with a complex array of industry standards and government regulations.
- Identity Management and Secure Mobility: By establishing trust in personnel with advanced identity management solutions, Telos continuously monitors for insider risks and offers secure mobility solutions to protect data and network communications.
- Government Contracting and TSA PreCheck Services: With authorized enrollment centers across the United States, the company facilitates the TSA PreCheck program, enhancing security convenience for millions of travelers and reinforcing its role in government contracting.
Competitive Landscape and Credibility
Telos positions itself in a competitive market that includes specialized cybersecurity entities and large integrated security providers. What sets Telos apart is its comprehensive portfolio that spans from digital and network security to cloud-based compliance assurance and identity management. Its recognition in various industry rankings and awards from defense security services serve as endorsements of its operational excellence and technical expertise.
The company’s ability to secure partnerships with prime federal agencies and to continuously expand its TSA PreCheck enrollment footprint underscore its reliability and the tangible impact of its services. Telos’ strategic focus on enabling secure, interconnected operations for high-risk organizations contributes to its reputation as a trusted provider in the cybersecurity arena.
Conclusion
In summary, Telos Corporation offers an integrated approach to security that combines innovative technology with a deep understanding of cybersecurity and regulatory compliance. Its dual-segment structure, strong emphasis on cloud and IT risk management, and active participation in significant government and commercial programs make it a pivotal player in the security solutions industry. This detailed overview provides a foundation for understanding the company’s business model, market significance, and the intricate balance of technical innovation and operational resilience that drives its success.
Telos Corporation (NASDAQ: TLS) reported a strong first quarter 2021 with revenue growth of 43% year-over-year to $55.8 million. Gross profit rose to $14.4 million. Despite these increases, the company faced a net loss of $(14.8) million and negative Enterprise EBITDA of $(12.1) million. The company remains optimistic, reaffirming its full-year guidance for revenue between $283 million to $295 million, reflecting a year-over-year improvement of up to 64%.
Telos Corporation (NASDAQ: TLS) has been awarded a $35 million contract by the Army Contracting Command. This five-year agreement supports the Yongsan Relocation Plan and involves comprehensive management of communication systems, including voice and wireless infrastructure. CEO John B. Wood emphasized the importance of this project for U.S. military operations in Korea. For more information on Telos' offerings, visit their website.
Telos Corporation (NASDAQ: TLS) announced that CEO John B. Wood and CFO Michele Nakazawa will present at the 16th Annual Needham Virtual Technology & Media Conference on May 19, 2021. The event features a virtual fireside chat scheduled for 2:15 p.m. ET, and interested investors can register to schedule one-on-one meetings with the company. The fireside chat will be available via live audio webcast and later archived on Telos’ investor relations website. Telos is a key provider of cybersecurity, cloud, and enterprise security solutions for various high-security organizations.
Telos Corporation (NASDAQ: TLS) has announced it will report its first quarter 2021 financial results on May 17, 2021, after market close. A conference call and webcast will be held at 4:30 p.m. ET to discuss the financial results and business outlook. Telos provides cybersecurity, cloud, and enterprise security solutions to federal agencies and commercial organizations worldwide. The call will be accessible via toll-free numbers for US/Canada, along with an international line. An on-demand replay will be available on Telos’ Investor Relations website.
Telos Corporation (NASDAQ: TLS) has secured a contract with the City of Charlotte to provide Transportation Security Administration (TSA)-approved Designated Aviation Channeling (DAC) services at Charlotte Douglas International Airport. This advanced service enhances credentialing operations by improving data integrity and reducing costs. The integration with the airport's Identity Management System allows efficient background checks for aviation workers, ensuring high security and customer service standards. With over 90 airports using Telos DAC services, the company continues to establish itself as a leader in aviation security.
Telos Corporation (NASDAQ: TLS) announced its Xacta solution will support all Microsoft Azure U.S. Government cloud instances, including Government, Secret, and Top Secret. Xacta automates compliance tasks related to security frameworks like NIST and ISO 27001, streamlining risk management. This integration allows customers to generate accreditation packages automatically and track compliance status, reducing the effort required for authorizations. The partnership with Microsoft aims to enhance efficiency in migrating workloads to Azure.
Telos Corporation (NASDAQ: TLS) announced the closing of its follow-on offering, successfully selling 9,090,909 shares of common stock at $33.00 per share. This offering included 7,040,909 shares from existing stockholders and generated gross proceeds of $64,605,750 after the underwriters' option was exercised. The offering was conducted under a 'shelf' registration statement filed with the SEC on March 31, 2021. The company did not receive proceeds from the shares sold by existing stockholders. B. Riley Securities, BMO Capital Markets, and Needham & Company were joint bookrunners for the offering.
Telos Corporation (Nasdaq: TLS) has priced its follow-on offering of 7,905,139 shares of common stock at $33.00 per share. This includes a secondary public offering of 6,662,073 shares from existing stockholders, with Telos not receiving proceeds from these sales. The offering is set to close on April 6, 2021. B. Riley Securities, BMO Capital Markets, and Needham & Company are the joint bookrunners. Telos has granted a 30-day option for underwriters to purchase an additional 1,185,770 shares, including shares from selling stockholders.
Telos Corporation (NASDAQ: TLS) announced a proposed follow-on public offering, including a secondary public offering by existing stockholders. The company will not receive proceeds from the stock sold by these sellers. B. Riley Securities, BMO Capital Markets, and Needham & Company are the joint bookrunners, with additional firms managing the offering. The shares are being offered under a shelf registration statement filed with the SEC. A 30-day option is granted to underwriters to purchase up to 15% more shares to cover over-allotments, if needed.
Telos Corporation (NASDAQ: TLS) reported a 13% revenue increase for FY 2020, totaling $179.9 million. Key contracts include a 10-year $1.5 billion TSA PreCheck agreement and a $2 billion CMS contract. Financial highlights showed net income of $1.7 million, up from a loss of $6.4 million in 2019. Gross profit rose 19% to $62.4 million. The company raised $292.6 million in its IPO, strengthening its balance sheet. For Q1 and FY 2021, Telos expects revenues between $49 million-$52 million and $283 million-$295 million, respectively, indicating strong growth potential.
FAQ
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