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Mar 31, 2021
Telos Q1 2021 Earnings Report
Reported first quarter results with revenue increasing 43% year-over-year and reaffirmed full year 2021 guidance.
Key Takeaways
Telos Corporation reported strong first quarter 2021 results, with revenue increasing 43% year-over-year to $55.8 million. The company reaffirmed its full year 2021 revenue guidance of $283 million to $295 million and adjusted EBITDA guidance of $33 million to $36 million.
Total revenue increased 43% to $55.8 million compared to the first quarter of 2020.
Gross profit increased to $14.4 million compared to the first quarter of 2020.
Net loss was $(14.8) million compared to $(2.2) million in the first quarter of 2020.
Adjusted EPS was $(0.00) per share, compared to $(0.06) per share in the first quarter of 2020.
Forward Guidance
The Company is reaffirming the following guidance: Full year 2021 Revenue in the range of $283 million to $295 million, an improvement of 57% to 64% compared to 2020 and Adjusted EBITDA in the range of $33 million to $36 million, an improvement of 190% to 216% compared to 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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