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) will have CEO John B. Wood present at the Needham Virtual Security, Networking and Communications Conference on November 16, 2021, at 12:45 p.m. ET. The event can be accessed via a live audio webcast, and the presentation will be archived for later viewing on Telos’ investor relations website. Telos is a prominent provider of cyber, cloud, and enterprise security solutions, catering to highly security-conscious organizations globally.
Telos Corporation (NASDAQ: TLS) has launched the Telos CyberProtect Partner Program, expanding its cybersecurity solutions portfolio in the U.S. public sector through a new partnership with DLT Solutions. This collaboration will enhance access to cybersecurity offerings across major public sector contracts. DLT Solutions will include Telos' products in their channel ecosystem and federal contract vehicles, addressing the growing demand for cybersecurity solutions amid an evolving threat landscape. The partnership aims to provide scalable security solutions for government agencies nationwide.
Telos Corporation (NASDAQ: TLS) has announced a new $3.1 million contract with the National Geospatial-Intelligence Agency (NGA) to enhance its longstanding partnership. This five-year contract focuses on providing additional support for Xacta, Telos’ premier cyber risk management and automation solution. The collaboration aims to assist NGA in efficiently managing cyber risks and ensuring security compliance, continuing an enterprise license for Xacta that has been in place since 2006. The CEO emphasized the importance of this relationship in supporting national security.
Telos Corporation (NASDAQ: TLS) announced it will report its third quarter 2021 financial results before the market opens on November 15, 2021. The company, which specializes in cyber, cloud, and enterprise security solutions, will host a conference call at 8:00 a.m. ET to discuss these results, recent developments, and future outlook. An on-demand replay of the webcast will be available on their Investor Relations website thereafter.
Telos Corporation (NASDAQ: TLS) has secured a $19.4 million task order from the U.S. Air Force to enhance cybersecurity through its Xacta solution.
The project involves the assessment and authorization of sensitive networks, showcasing Telos’s commitment to advancing cyber risk management. CEO John Wood emphasized the importance of this work in improving mission performance for the Air Force, highlighting the ongoing partnership between the two organizations.
FASTTR initiative enhances stackArmor’s ThreatAlert by integrating with Telos’ Xacta and Splunk, aimed at improving security compliance documentation. This partnership seeks to reduce ATO compliance time and costs for independent software providers and regulated defense contractors needing to adhere to complex security regulations like FedRAMP and CMMC. The ThreatAlert ATO Accelerator delivers a dedicated AWS Landing Zone with compliant security services and ATO documentation. The initiative aims to streamline compliance certifications, helping organizations navigate the rising cybersecurity threats effectively.
Telos Corporation (NASDAQ: TLS) announced that its Telos Secure Networks - Core Solutions achieved Capability Maturity Model Integration Development V2.0 Maturity Level 3. This milestone underscores the company's commitment to enhancing customer satisfaction and operational performance. Brendan Malloy, senior vice president, highlighted the importance of adhering to best practices to drive quality and value for clients. The appraisal was performed by Ace Guides, an authorized CMMI Institute service provider.
Telos Corporation (NASDAQ: TLS) has announced significant growth in its Designated Aviation Channeling (DAC) service, with nine customer renewals and new clients, including Pitt-Greenville Airport and Airbahn, over the past four months. The DAC service, which ensures compliance with TSA and DHS standards through comprehensive background checks, continues to gain momentum, showcasing its effectiveness in securing aviation worker identities. The acquisition of Diamond Fortress Technologies aims to enhance biometric data handling via touchless fingerprint technology.
Telos Corporation (NASDAQ: TLS) announced key investor engagements featuring CEO John B. Wood and CFO Mark Bendza. They will present at several major conferences:
- B. Riley Securities Summer Summit: August 18, 2021, Santa Monica, CA
- BMO 2021 Technology Summit: August 25, 2021, 12:00 p.m. ET (Virtual)
- Colliers Securities Conference: September 9, 2021 (One-on-one meetings)
- D.A. Davidson Software and Internet Conference: September 9, 2021, 3:30 p.m. ET (Virtual)
Presentations will be streamed live and archived on Telos' investor relations site.
Telos Corporation (NASDAQ: TLS) reported Q2 2021 revenues of $52.6 million, reflecting an 8% increase and a 48% increase when excluding a contract with the U.S. Census Bureau. Gross profit rose 17% to $20.6 million, expanding gross margin by 290 basis points to 39.1%. The company generated $3.5 million in cash flow from operations and reaffirmed its sales guidance for 2021 between $283 million and $295 million. Telos has made significant strides with new contracts and partnerships, highlighting strong demand for its security solutions.
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