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Telos Corporation - TLS STOCK NEWS

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.

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Telos Corporation announces five-year contract with DISA for the Telos AMHS system, supporting organizational messaging in the U.S. Department of Defense.
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TSA expands TSA PreCheck enrollment services with Telos Corporation at 10 locations, increasing the network for applicants. Active membership in the program has grown to over 15 million passengers. Members can renew online with Telos or IDEMIA. TSA PreCheck allows faster security screening with wait times under 10 minutes.
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Telos Corporation reported second quarter results above the high end of guidance range, with $32.9 million in revenue and a 37.6% gross margin. GAAP net loss improved by 43% year-over-year. The company received renewals and new orders from prominent customers, including government agencies and organizations. The financial outlook for Q3 2023 and full year 2023 shows expected revenue growth and improved adjusted EBITDA.
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Telos Corporation (NASDAQ: TLS) secures a $5.8 million, five-year contract with the National Geospatial-Intelligence Agency (NGA) to continue providing support for Xacta 360 and Xacta.io. This reaffirms Telos' 16-year relationship with NGA, showcasing their commitment to delivering world-class geospatial intelligence. The contract will streamline NGA's compliance and cyber risk management, with Xacta 360 enabling faster system authorization and real-time enterprise reporting through ERODs deployment. Xacta.io will support data ingestion and continuous monitoring, further enhancing NGA's cybersecurity capabilities.
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FAQ

What is the current stock price of Telos Corporation (TLS)?

The current stock price of Telos Corporation (TLS) is $3.25 as of November 22, 2024.

What is the market cap of Telos Corporation (TLS)?

The market cap of Telos Corporation (TLS) is approximately 245.4M.

What does Telos Corporation do?

Telos Corporation provides cybersecurity, cloud security, and enterprise security solutions to protect and empower organizations. Their offerings include IT risk management, secure mobility, and identity management services.

Who are Telos Corporation's clients?

Telos serves military, intelligence, and civilian agencies of the federal government, allied nations, and commercial organizations around the world.

What are the main segments of Telos Corporation's business?

Telos operates primarily under two segments: Security Solutions, which includes cybersecurity, cloud, and identity solutions, and Secure Networks, focusing on enterprise security.

What recent contracts has Telos Corporation secured?

Recently, Telos secured a five-year contract with the Defense Information Systems Agency (DISA) and a $6.7 million two-year contract extension with the CIA.

What awards and recognitions has Telos Corporation received?

In 2017, Telos was ranked in the top 25 on the global Cybersecurity 500 list and received the James S. Cogswell Outstanding Industrial Security Achievement Award from the DSS.

What is TSA PreCheck and how is Telos involved?

TSA PreCheck is a trusted traveler program providing expedited airport security screening. Telos operates numerous TSA PreCheck enrollment centers across the U.S.

Where is Telos Corporation headquartered?

Telos Corporation is headquartered in Ashburn, Virginia.

When will Telos report its fourth quarter and full year 2023 financial results?

Telos will report its financial results for the fourth quarter and full year 2023 on March 15, 2024.

Where can I find more information about Telos' financial performance?

You can find more information about Telos' financial performance on their investor relations website and the SEC's website.

How can I contact Telos Corporation for media or investor inquiries?

For media inquiries, email media@telos.com. For investor inquiries, email InvestorRelations@telos.com.

Telos Corporation

Nasdaq:TLS

TLS Rankings

TLS Stock Data

245.37M
52.39M
27.46%
64.48%
3.4%
Software - Infrastructure
Services-computer Integrated Systems Design
Link
United States of America
ASHBURN