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 Corporation (NASDAQ: TLS) announced that it will report its first quarter 2023 financial results on May 10, 2023. The management will conduct a webcast at 8:30 a.m. ET to discuss the Company’s performance and outlook. Telos focuses on providing cybersecurity, cloud security, and enterprise security solutions to highly security-conscious organizations, including commercial enterprises and government clients. The webcast will be accessible on their investor relations website, offering an on-demand replay for those unable to attend live.
Telos Corporation (NASDAQ: TLS) reported $47.3 million in revenue for Q4 2022, down from $64.1 million in Q4 2021, with a GAAP net loss of $14.2 million. The full year revenue reached $216.9 million, and gross margin improved by 95 basis points to 38.6%. However, the company forecasted a significant revenue drop in 2023 due to the wind-down of large programs and insufficient new business wins. Full-year cash flow from operations was $16.5 million, with $11.2 million in free cash flow utilized for share repurchases. New senior leaders were appointed to enhance growth and customer solutions.
Telos Corporation (NASDAQ: TLS) will report its fourth quarter and full year 2022 financial results on March 16, 2023, with a webcast scheduled for 8:30 a.m. ET. The company specializes in cybersecurity, cloud, and enterprise security solutions catering to security-conscious organizations globally. Following the live event, an on-demand replay will be accessible on the investor relations website.
Telos Corporation (NASDAQ: TLS) has secured a five-year contract with the National Security Agency (NSA) to enhance its cybersecurity solutions, continuing a partnership that began in 2007. This contract involves licensing Xacta 360 and Xacta.io, while implementing new services that improve integration and efficiency. The expansion of this contract aims to help the NSA manage cyber risks more effectively, utilizing a new technology stack for streamlined operations. The deal reflects Telos' commitment to national security and influence in cybersecurity management.
Telos Corporation (NASDAQ: TLS) has announced the appointment of two experienced executives to enhance its federal and commercial operations. Josh Salmanson joins as senior vice president of Technology Solutions, bringing nearly 30 years of cybersecurity expertise. Lee Canterbury arrives as vice president of Corporate Growth, boasting over 35 years in business development with a record of securing contracts worth more than $1.4 billion in federal initiatives. Their addition is expected to drive growth and improve win rates across Telos' portfolios, positioning the company to better meet evolving customer challenges.
Telos Corporation (NASDAQ: TLS) announced a $32.5 million contract with the U.S. Air Force's Air Combat Command for Mission Defense Teams (MDT) support. This contract will extend for two years, enhancing the Air Force's Defensive Cyber Operations (DCO) capabilities across multiple U.S. locations, expected to conclude in January 2025. CEO John B. Wood emphasized Telos' commitment to bolstering the Air Force's IT systems and mission performance through this contract. The DCO WhiteSpace program includes a range of contractor support roles aimed at augmenting base personnel in core IT services.
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