Telos Q2 2021 Earnings Report

Reported strong second quarter results driven by growth in Xacta, Telos Ghost and Secure Networks, delivered gross margin expansion and positive cash flow, and reaffirmed full year guidance.

Key Takeaways

Telos Corporation reported an 8% increase in revenue to $52.6 million, or 48% excluding a contract with the U.S. Census Bureau. The company experienced double-digit growth in Xacta, Telos Ghost, and Secure Networks. Gross profit increased 17% to $20.6 million, with gross margin expanding to 39.1%. Telos generated $3.5 million in cash flow from operations and reaffirmed its full-year guidance.

Revenue was $52.6 million, up 8% reported, and up 48% excluding the U.S. Census Bureau contract.

Gross profit increased 17% to $20.6 million, with gross margin expanding 290 basis points to 39.1%.

Cash flow from operations was $3.5 million.

Full year sales guidance of $283 million - $295 million and Adjusted EBITDA guidance of $33 million - $36 million was reaffirmed.

Total Revenue

$52.6M

Previous year: $48.6M

+8.1%

EPS

$0.04

Previous year: $0.0256

+56.5%