Why IT & Cybersecurity Company Telos Shares Are Rising Today
Portfolio Pulse from Nabaparna Bhattacharya
Telos Corporation (NASDAQ:TLS) shares rose after reporting Q4 adjusted EPS of $(0.09), beating the expected $(0.12) loss. Q4 sales were $41.059 million, surpassing the $32.06 million forecast. However, gross profit and margin declined compared to the previous year. The company announced potential new programs worth up to $525 million over five years, aiming for revenue growth in 2024 and 2025. Q4 adjusted EBITDA was a $(3.2) million loss, and Q1 revenue is expected to decline 21%-18% Y/Y. TLS shares increased by 10.9% to $3.495.
March 15, 2024 | 3:06 pm
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Telos Corporation reported better-than-expected Q4 earnings and sales, with shares rising 10.9%. The company anticipates new programs worth up to $525 million, aiming for future revenue growth.
The positive reaction in Telos Corporation's stock price is likely due to the better-than-expected Q4 earnings and sales report, coupled with the announcement of potential new programs worth up to $525 million. These factors suggest a strong outlook for the company, contributing to investor optimism and a short-term positive impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100