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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 6 quarters since 2020. Compare with TLS stock chart to see long term trends.

TLS Stock Compared to Quarterly

TLS Income Statement

Revenue, Net:50160000
Revenue Per Share:0.7389
Cost of Goods & Services Sold:31289000
Gross Profit:18871000
Selling, General & Admin Expense:33605000
Research & Development Expense:5430000
Operating Income:-14912000
Income Taxes:71000
Net Income:-14983000
Earnings Per Share, Basic:-0.22
Shares Outstanding, Basic Avg:67883854

TLS Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:1405000
Net Cash from Operations:249000
Net Cash from Operations Per Share:0.0037
Net Cash from Financing Activities:-3237000
Property, Plant & Equipment Purchases:546000
Net Cash from Investing Activities:-3341000
Net Change in Cash & Equivalents:-6329000

TLS Balance Sheet

Cash and Cash Equivalents:120233000
Accounts Receivable, Net:57734000
Inventories:2097000
Total Current Assets:187735000
Property, Plant & Equipment, Net:14823000
Total Assets:244021000
Accounts Payable:null
Total Short-Term Liabilities:55053000
Total Liabilities:68960000

Insider Trading

 
Change
Value
Transaction
SEC Form 4
Wood John B   Chairman and CEO
125,000 sh at $7
$871,250
Buy
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.