Welcome to our dedicated page for Telos Corporation news (Ticker: TLS), a resource for investors and traders seeking the latest updates and insights on Telos Corporation stock.
Telos Corporation Common Stock (symbol: TLS) represents a company renowned for providing cutting-edge cybersecurity, cloud security, and enterprise security solutions. Telos Corporation empowers and protects the world’s most security-conscious organizations, ensuring continuous security assurance of individuals, systems, and information.
Founded in 1971 and headquartered in Ashburn, Virginia, Telos serves military, intelligence, and civilian agencies of the federal government, allied nations, and commercial organizations across the globe. The company’s core offerings include solutions for IT risk management and information security; secure mobility to protect globally connected organizations; and identity management to establish trust in personnel and monitor for insider threats.
The company is organized into two primary segments: Security Solutions and Secure Networks. The Security Solutions segment, which drives the majority of the company’s revenue, focuses on cybersecurity, cloud, and identity solutions. The Secure Networks segment concentrates on enterprise security, delivering comprehensive network management and defense solutions.
Telos has achieved significant recognition within the industry. In 2017, the company was ranked in the top 25 on the global Cybersecurity 500 list by Cybersecurity Ventures and received the prestigious James S. Cogswell Outstanding Industrial Security Achievement Award from the Defense Security Service (DSS), an accolade awarded to less than 0.3% of eligible organizations.
Recent highlights include a five-year contract with the Defense Information Systems Agency (DISA) for the Telos Automated Message Handling System (AMHS), supporting critical information distribution for the U.S. Department of Defense and a $6.7 million two-year contract extension with the Central Intelligence Agency (CIA) to continue using Telos' Xacta® professional services for their Commercial Cloud Enterprise (C2E) Assessment and Authorization efforts.
Telos is also expanding its footprint in identity management by opening new TSA PreCheck enrollment centers across the U.S., making it more convenient for travelers to enroll and renew their memberships. The company is dedicated to providing technology-forward solutions that anticipate and address the evolving threats and needs of its clients.
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.
Telos (NASDAQ: TLS), a premier provider of cyber, cloud, and enterprise security solutions, announced its participation in the Northland Capital Markets Virtual Growth Conference on June 25, 2024. John B. Wood, the chairman and CEO, along with Mark Bendza, the executive VP and CFO, will represent Telos at the event. This conference will provide an opportunity for investors and stakeholders to engage directly with Telos's leadership. For more details or to schedule one-on-one meetings, attendees are advised to contact their Northland Capital Markets representative.
Telos announced first quarter results above guidance, reporting $29.6 million of revenue, a 37.0% GAAP gross margin, and a 42.2% cash gross margin. Despite a modest $0.4 million cash flow outflow, free cash flow improved year-over-year. The company expects revenues to return to sequential growth in the third or fourth quarter of 2024, depending on the resolution of protests. Telos also highlighted several new business awards and contract renewals.
Telos (NASDAQ: TLS) will participate in upcoming investor conferences, showcasing its cybersecurity, cloud, and enterprise security solutions to the world's most security-conscious organizations. John B. Wood and Mark Bendza will host meetings at the 19th Annual Needham Technology, Media and Consumer Conference on May 14-15, 2024, and the B. Riley Securities 24th Annual Institutional Investor Conference on May 22-23, 2024.
Telos (NASDAQ: TLS) will announce its first quarter 2024 financial results on May 10, 2024. The company specializes in cyber, cloud, and enterprise security solutions for top security-conscious organizations. The management will host a webcast to discuss financial results and business outlook at 8:30 a.m. ET. An on-demand replay of the webcast will be available on the Company’s investor relations website.
FAQ
What is the current stock price of Telos Corporation (TLS)?
What is the market cap of Telos Corporation (TLS)?
What does Telos Corporation do?
Who are Telos Corporation's clients?
What are the main segments of Telos Corporation's business?
What recent contracts has Telos Corporation secured?
What awards and recognitions has Telos Corporation received?
What is TSA PreCheck and how is Telos involved?
Where is Telos Corporation headquartered?
When will Telos report its fourth quarter and full year 2023 financial results?
Where can I find more information about Telos' financial performance?
How can I contact Telos Corporation for media or investor inquiries?
