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TLS Price Correlated With Financials For Telos

Free historical financial statements for Telos Corp.. See how revenue, income, cash flow, and balance sheet financials have changed over 8 quarters since 2020. Compare with TLS stock chart to see long term trends.

TLS Stock Compared to Quarterly

TLS Income Statement

Revenue, Net:63593000
Revenue Per Share:0.9422
Cost of Goods & Services Sold:42648000
Gross Profit:20945000
Selling, General & Admin Expense:28614000
Research & Development Expense:3981000
Operating Income:-7669000
Income Taxes:8000
Net Income:-7340000
Earnings Per Share, Basic:-0.11
Shares Outstanding, Basic Avg:67493000

TLS Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:1517000
Net Cash from Operations:11986000
Net Cash from Operations Per Share:0.1776
Net Cash from Financing Activities:-5622000
Property, Plant & Equipment Purchases:174000
Net Cash from Investing Activities:-3620000
Net Change in Cash & Equivalents:2744000

TLS Balance Sheet

Cash and Cash Equivalents:125464000
Accounts Receivable, Net:50983000
Inventories:4676000
Total Current Assets:187990000
Property, Plant & Equipment, Net:5128000
Total Assets:247399000
Accounts Payable:null
Total Short-Term Liabilities:57414000
Total Liabilities:70366000

Insider Trading

 
Change
Value
Transaction
SEC Form 4
Jacobs Bradley W.   Director
5,000 sh at $4
$19,300
Buy
Wood John B   Chairman and CEO
200,000 sh at $4
$730,000
Buy
Wood John B   Chairman and CEO
200,000 sh at $4
$730,000
Buy
Schaufeld Fredrick   Director
250,000 sh at $4
$907,500
Buy
Schaufeld Fredrick   Director
250,000 sh at $4
$907,500
Buy

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Vanguard Group Inc
4,803,705 sh
321,808 sh
7%
$42,705
$6,492
Blackrock Inc.
4,014,895 sh
21,036 sh
1%
$35,692
$3,422
Legal & General Group Plc
2,562,672 sh
20,922 sh
1%
$22,782
$2,245
Pinnacle Associates Ltd
2,288,296 sh
566,816 sh
33%
$20,343
$6,433
Hotchkis & Wiley Capital Management LLC
1,913,630 sh
-886,440 sh
-32%
$17,012
-$10,905
Federated Hermes, Inc.
1,894,779 sh
232,670 sh
14%
$16,845
$3,415
First Trust Advisors Lp
1,726,876 sh
-201,601 sh
-10%
$15,352
-$230
Masters Capital Management LLC
1,700,000 sh
-350,000 sh
-17%
$15,113
-$1,451
Hood River Capital Management LLC
1,507,791 sh
1,507,791 sh
NEW
$13,404
$13,404
Victory Capital Management Inc
1,487,992 sh
-283,576 sh
-16%
$13,228
-$1,086
State Street Corp
1,436,063 sh
78,367 sh
6%
$12,767
$1,797
Needham Investment Management LLC
1,425,000 sh
-199,400 sh
-12%
$12,668
-$3,527
Ensign Peak Advisors, Inc
1,359,801 sh
85,750 sh
7%
$12,088
-$614
FMR LLC
1,227,382 sh
26,273 sh
2%
$10,911
$1,206
Mirae Asset Global Investments Co., Ltd.
1,215,015 sh
208,074 sh
21%
$10,802
$2,666
Geode Capital Management, LLC
955,480 sh
8,648 sh
1%
$8,494
$844
Renaissance Technologies LLC
607,600 sh
-207,916 sh
-25%
$5,402
-$2,729
Northern Trust Corp
486,006 sh
91,185 sh
23%
$4,320
$385
Meridian Financial Partners LLC
436,585 sh
 
$3,466
D. E. Shaw & Co., Inc.
428,962 sh
-180,780 sh
-30%
$3,813
-$1,114
COMPANY PROFILE
Basis of Presentation and Summary of Significant Accounting Policies Nature of Business

Organization

Telos Corporation, together with its subsidiaries (the “Company” or “Telos” or “We”), a Maryland corporation, is a leading provider of cyber, cloud and enterprise solutions for the world's most security-conscious organizations. We own all of the issued and outstanding share capital of Xacta Corporation, a subsidiary that develops, markets and sells government-validated secure enterprise solutions to government and commercial customers. We also own all of the issued and outstanding share capital of Ubiquity.com, Inc., a holding company for Xacta Corporation. We also have a 100% ownership interest in Telos Identity Management Solutions, LLC (“Telos ID”), Teloworks, Inc. (“Teloworks”) and Telos APAC Pte. Ltd. (“Telos APAC”).

On November 12, 2020, we amended our charter to effect an approximate 0.794-for-1 reverse stock split with respect to our common stock. The par value and the authorized shares of the common stock were not adjusted as a result of the reverse stock split. The accompanying condensed consolidated financial statements and notes to the condensed consolidated financial statements give retroactive effect to the reverse stock split for all periods presented.

Public Offering of Common Stock

On November 19, 2020, we completed our initial public offering of shares of our common stock. We issued $17.2 million shares of our common stock at a price of $17.00 per share, generating net proceeds of approximately $272.8 million.  We used approximately $108.9 million of the net proceeds in connection with the conversion of our outstanding shares of Exchangeable Redeemable Preferred Stock into the right to receive cash and shares of our common stock, $30.0 million to fund our acquisition of the outstanding Class B Units of Telos ID, and $21.0 million to repay our outstanding senior term loan and subordinated debt.

On April 6, 2021, we completed our follow-on offering of 9.1 million shares of our common stock at a price of $33.00 per share, including 7.0 million shares of common stock by certain existing stockholders of Telos. The offering generated approximately $64.3 million of net proceeds to Telos. We did not receive any proceeds from the shares of common stock sold by the selling stockholders. On April 19, 2021, we used approximately $1.3 million of the net proceeds to repurchase 39,682 shares of our common stock and $26.9 million to repurchase the warrants to purchase 900,970 shares of our common stock owned by certain affiliates of Enlightenment Capital Solution ("EnCap"). We used the remaining net proceeds for general corporate purposes.

Principles of Consolidation and Reporting

The accompanying condensed consolidated financial statements include the accounts of Telos and its subsidiaries, including Ubiquity.com, Inc., Xacta Corporation, Telos ID, Teloworks, and Telos APAC, all of whose issued and outstanding share capital is wholly-owned directly and indirectly by Telos Corporation. All intercompany transactions have been eliminated in consolidation.

The accompanying condensed consolidated financial statements reflect all adjustments (which include normal recurring adjustments) and reclassifications necessary for their fair presentation in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to rules and regulations of the Securities and Exchange Commission (“SEC”). The presented interim results are not necessarily indicative of fiscal year performance for a variety of reasons, including, but not limited to, the impact of seasonal and short-term variations. We have continued to follow the accounting policies (including the critical accounting policies) set forth in the consolidated financial statements included in our 2021 Annual Report on Form 10-K filed with the SEC. These condensed consolidated financial statements should be read in conjunction with

Data imported from Telos Corp. SEC filings. Check original filings before making any investment decision.