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 (NASDAQ: TLS) has announced the resolution of a protest on a significant government award. The award, worth up to $485 million over five years, was initially announced on March 15, 2024, as part of a larger $525 million package of awards to Telos' Security Solutions business. The Government Accountability Office (GAO) disclosed that the protester has withdrawn its protest, and Telos' prime partner has informed the company that the government's "Stop-Work Order" will be lifted effective September 28, 2024. This development allows Telos to proceed with the contract execution. However, one other award worth up to $40 million over five years remains under protest.
Telos (NASDAQ: TLS) has secured a prime position on a $12.5 billion Department of the Air Force Base Infrastructure Modernization (BIM) contract. This multiple-award, indefinite-delivery/indefinite-quantity (IDIQ) contract aims to modernize, operate, and maintain network infrastructure across all Department of the Air Force locations, including Guard and Reserve bases. The contract, awarded after a competitive acquisition process, is expected to be completed by August 15, 2034, with task orders potentially extending beyond this date.
This award adds to Telos' recent contract vehicle wins since 2023, including DMDC DEHRADS, Army IMOD CAPSET, USMC ISTC BAN, and FBI IT-SSS 2nd Generation. Combined with BIM, these contracts represent a $24.5 billion addressable market for Telos to compete for new business opportunities.
Telos (NASDAQ: TLS), an authorized TSA PreCheck® enrollment provider, has expanded its services by opening eight new locations across seven states. This expansion brings Telos' total to 91 TSA PreCheck enrollment centers nationwide. The new centers, located in Office Depot stores, are in California, Colorado, Florida, Illinois, Ohio, Oklahoma, and Texas.
TSA PreCheck members enjoy expedited security screening at airports, with 99% of members waiting less than 10 minutes at checkpoints. Telos aims to provide more convenient enrollment and renewal options for travelers throughout 2024. Applicants can pre-enroll or schedule appointments through Telos' authorized TSA PreCheck website.
Telos (NASDAQ: TLS), an authorized TSA PreCheck® enrollment provider, has expanded its services by opening seven new locations across Illinois, Indiana, Louisiana, Michigan, Minnesota, Texas, and Washington. This expansion brings Telos' total TSA PreCheck enrollment centers to 83 across the U.S. The new centers, located in Office Depot stores, began operations on August 12, 2024.
TSA PreCheck offers travelers expedited security screening, with 99% of members waiting less than 10 minutes at airport checkpoints. Members can keep shoes, belts, and light jackets on, and leave electronics and 3-1-1 compliant liquids in carry-on bags. Telos plans to continue expanding its national footprint throughout 2024, offering more locations and extended hours for enrollment and renewals.
Telos (NASDAQ: TLS) reported Q2 2024 results exceeding guidance, with revenue of $28.5 million and expanded cash gross margin of 42.0%. Key highlights include:
- GAAP gross margin of 34.1%, down 349 basis points YoY
- Accelerated expansion of TSA PreCheck® enrollment locations from 28 to 83
- Expected to reach 500 TSA PreCheck® locations by 2025
- GAAP Net Loss of $7.8 million
- Adjusted EBITDA of ($2.9) million
Telos secured new orders for Xacta® and cyber services from various government and commercial clients. The company provided Q3 2024 guidance with revenue projected between $22-$24 million, representing a YoY decline of 34-39%.
Telos (NASDAQ: TLS), an authorized TSA PreCheck® enrollment provider, has expanded its services by opening seven new locations across six states. This expansion brings Telos' total TSA PreCheck enrollment centers to 76 across the U.S. The new centers, located in Arizona, California, Georgia, Ohio, Minnesota, and Texas, began operations on August 5, 2024.
TSA PreCheck members enjoy expedited security screening at airports, with 99% of members waiting less than 10 minutes at checkpoints nationwide. Telos plans to continue expanding its enrollment footprint throughout 2024, offering extended hours and more convenient locations for travelers. Applicants can pre-enroll or schedule appointments through Telos' authorized TSA PreCheck website.
Telos (NASDAQ: TLS), an authorized TSA PreCheck® enrollment provider, has expanded its services with a new location at the Eastern Iowa Airport (CID) in Cedar Rapids, Iowa. This marks Telos' first airport-based enrollment center and brings their total to 69 locations nationwide. The center, which opened on July 24, 2024, offers appointments for TSA PreCheck enrollment and renewals, operating Monday, Wednesday, and Thursday from noon to 4 p.m.
TSA PreCheck members enjoy expedited security screening, with 99% waiting less than 10 minutes at checkpoints. The program allows members to keep shoes, belts, and light jackets on, and leave electronics and compliant liquids in carry-on bags. This expansion demonstrates Telos' commitment to enhancing travel convenience for millions of Americans.
Telos (NASDAQ: TLS), a leading provider of cyber, cloud, and enterprise security solutions, has announced it will report its second quarter 2024 financial results on Friday, August 9, 2024. The company will host a webcast at 8:30 a.m. ET on the same day to discuss the financial results and business outlook. Investors and interested parties can access the webcast through the company's investor relations website. An on-demand replay of the webcast will be available after the event.
Telos (NASDAQ: TLS) will join the Russell 3000 Index on July 1, 2024, following the 2024 Russell U.S. Indexes annual reconstitution. This inclusion reflects Telos' advancements in capturing new business and its positive outlook on key programs. The announcement was made on June 27, 2024, with a preliminary list of additions released by FTSE Russell on June 21, 2024. CEO John B. Wood sees this as an opportunity to increase institutional ownership.
Office Depot and Telos announced the opening of five new TSA PreCheck enrollment locations at Office Depot stores in Georgia, Tennessee, and Texas, starting June 21, 2024. This expansion follows the addition of 20 new locations since May 2024. The partnership aims to ease TSA PreCheck enrollment with a total of 53 centers, including 51 at Office Depot and OfficeMax stores.
These new locations offer extended hours for TSA PreCheck enrollment and renewals, providing greater convenience for travelers. TSA PreCheck members enjoy expedited security screening at airports, with 99% waiting less than 10 minutes. New applicants can start their process online or schedule in-person appointments via Telos' authorized TSA PreCheck website.
FAQ
What is the current stock price of Telos (TLS)?
What is the market cap of Telos (TLS)?
What are the primary business segments of Telos Corporation?
Which industries does Telos Corporation serve?
What type of cybersecurity solutions does Telos provide?
How does Telos support government and public safety programs?
What makes Telos’ security solutions stand out from competitors?
How does Telos address cloud security and compliance?
What role does identity management play in Telos' offerings?
How does Telos contribute to TSA PreCheck services?
