Quarterly earnings per share for Telos Corp. (NASDAQ: TLS) came in at $0.04, $0.07 over the consensus expectation of ($0.03). Revenue for the quarter came in at $55.8 million vs. the average forecast of $51.55 million. In addition, Telos Corp. forecasts Q3 2022 revenue of $58-62 million, vs. the consensus of $101.9 million. For the fiscal year 2022, Telos Corp. forecasts $226-$242 million in sales, which is lower than the industry average of $286.3 million.
On November 15th, 2021, Telos® Corporation (NASDAQ: TLS), a pioneer in the cyber security industry and a trusted partner to the world’s most security-conscious businesses, released its quarterly financial results for the third quarter of 2021. John B. Wood, CEO and chairman of Telos, stated, “We experienced exceptional third-quarter results, as we generated 48% reported sales growth, 80% adjusted sales growth, and boosted gross profit 57% to a record $26.1 million.”
Telos Corporation is a communications software and hardware company. The Company’s software solutions are designed to enable communications across various public and private networks, such as mobile, voice, data, video, internet, WiFi, and satellite. In addition, the Company’s offerings include communication infrastructure products, such as data gateways and appliances, media and appliances, network and appliances, and software modules.
In addition, the Company’s offerings include professional services, such as consulting, implementation, training, system integration, and support. The Company’s communication infrastructure products and services facilitate communications across various networks, such as mobile, voice, data, video, WiFi, and satellite. The Company’s communication infrastructure products are sold to communications service providers, enterprises, government agencies, and others.