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.
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) will report its second quarter financial results on August 9, 2022, before market opening. A webcast discussing the results and future business outlook will take place at 8:30 a.m. ET on the same day. Telos provides cybersecurity, cloud security, and enterprise security solutions to highly security-conscious organizations, including commercial enterprises and government customers worldwide. The company is known for its continuous security assurance solutions encompassing IT risk management and identity access management.
Telos Corporation (NASDAQ: TLS) has announced a share repurchase program worth up to $50 million. This initiative reflects the Board of Directors' confidence in the company's performance and its commitment to enhancing shareholder value.
The repurchase will occur through various means, including open market transactions, with no set expiration date. Telos plans to fund the buyback through its existing cash reserves, which stood at $120.2 million as of March 31, 2022.
Telos Corporation (NASDAQ: TLS) announced CEO John B. Wood and CFO Mark Bendza will participate in the 22nd Annual B. Riley Securities Institutional Investor Conference on May 25-26, 2022.
As a leader in cybersecurity solutions, Telos protects the world's most security-conscious organizations with offerings that include IT risk management, cloud security, identity and access management, and more. The company serves a diverse clientele, including governmental and commercial sectors.
Telos Corporation (NASDAQ: TLS) reported first-quarter 2022 revenue of $50.2 million, exceeding guidance, with a 30% year-over-year increase in gross profit to $18.9 million. Gross margin expanded by over 1,100 basis points to 37.6%. The company generated $14.4 million in cash flow from operations. Despite these gains, Telos experienced a GAAP net loss of $(15.0 million). The launch of Telos Advanced Cyber Analytics aims to enhance cybersecurity capabilities. The company reaffirmed its full-year guidance, projecting revenue between $226 million and $257 million.
Telos Corporation (NASDAQ: TLS) will announce its first quarter financial results on May 10, 2022, before market open. A webcast is scheduled for 8:30 a.m. ET where management will discuss the results and the business outlook. Telos specializes in cybersecurity, cloud security, and enterprise security solutions for various sectors, including government and regulated industries. The company aims to empower organizations with continuous security assurance for individuals and information, making it a key player in the security solutions market.
Telos Corporation (NASDAQ: TLS) has launched its new Xacta 360 Lite for Cybersecurity Maturity Model Certification (CMMC) Virtual Machine Infrastructure. This solution aims to assist defense contractors in automating the CMMC assessment process, which is essential for safeguarding unclassified information. With approximately 300,000 federal contractors needing CMMC compliance, the offering allows for streamlined navigation through the certification process, managing compliance across multiple contracts, and accessing essential training materials. The product is now available on the Azure Marketplace.
Telos Corporation (NASDAQ: TLS) has launched its Telos Advanced Cyber Analytics (ACA) solution, enhancing cybersecurity for organizations facing evolving threats. This tool provides automated and actionable threat intelligence to identify malicious activity with greater speed and accuracy. With ACA, customers can detect threats earlier, reveal unknown attacks, and deliver key analytics to executives without costly overhead. CEO John B. Wood emphasizes the need to adapt to sophisticated cyber threats, as traditional defenses may be inadequate.
Telos Corporation (NASDAQ: TLS) has announced a partnership with Carahsoft Technology Corp to enhance cybersecurity solutions for the Public Sector. This partnership allows Carahsoft to distribute Telos’ cutting-edge security technologies, including Telos Ghost and Xacta, to federal, state, local, and educational agencies. With increasing cybersecurity challenges, this collaboration aims to empower public organizations to operate securely and comply with industry regulations. Key offerings are available through several government procurement contracts.
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