Telos Q2 2021 Earnings Report
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.
Telos
Telos
Telos Revenue by Segment
Forward Guidance
Telos reaffirmed its 2021 sales guidance of $283 million - $295 million and Adjusted EBITDA guidance of $33 million - $36 million.
Positive Outlook
- Revenue guidance of $283M - $295M
- YoY Organic Growth 57% - 64%
- Adjusted EBITDA guidance of $33M - $36M
- YoY Adjusted EBITDA Growth 190% - 216%
Revenue & Expenses
Visualization of income flow from segment revenue to net income