Kratos Defense & Security Solutions Sees Q1 Revenue $240M-$260M Vs $253.31M Est.; FY24 Revenue $1.125B-$1.150B Vs $1.11B Est.
Portfolio Pulse from Benzinga Newsdesk
Kratos Defense & Security Solutions (KTOS) provided Q1 and FY24 financial guidance, forecasting revenues of $240M-$260M for Q1 and $1.125B-$1.150B for FY24, both in line with or above estimates. The guidance accounts for potential impacts from a Continuing Resolution Authorization (CRA) and assumes no unexpected U.S. Federal and DoD budget cuts. Kratos plans significant investments in capital expenditures, including manufacturing Valkyries and expanding facilities, with expectations of stronger financial performance in the latter half of FY24.
February 13, 2024 | 9:17 pm
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Kratos Defense & Security Solutions forecasts Q1 revenue between $240M-$260M and FY24 revenue between $1.125B-$1.150B, with significant capital investments planned.
Kratos' guidance suggests confidence in their financial performance and strategic investments, indicating a positive outlook. The forecasted revenues align with or exceed estimates, and the planned capital expenditures on Valkyries and facility expansions signal growth and operational scaling. The assumption that the CRA will be resolved without impacting their budget positively influences the stock's short-term outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100