Kratos Defense & Security Solutions Sees Q2 Revenue $265M-$280M Vs $270.76M Est.; FY24 Revenue $1.125B-$1.150B Vs $1.14B Est.
Portfolio Pulse from Benzinga Newsdesk
Kratos Defense & Security Solutions (KTOS) provided Q2 and FY24 financial guidance, forecasting Q2 revenue between $265M-$280M against a $270.76M estimate, and FY24 revenue between $1.125B-$1.150B versus a $1.14B estimate. The guidance reflects challenges such as employee sourcing, supply chain disruptions, and parts shortages, impacting costs and prices. Key financial metrics include R&D, operating income, depreciation, amortization, stock-based compensation, adjusted EBITDA, operating cash flow, capital expenditures, and free cash flow use.
May 07, 2024 | 10:12 pm
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Kratos Defense & Security Solutions forecasts Q2 revenue between $265M-$280M and FY24 revenue between $1.125B-$1.150B, reflecting industry challenges such as supply chain disruptions and rising costs.
The financial guidance provided by Kratos Defense & Security Solutions is closely aligned with analyst estimates, indicating a neutral to slightly positive outlook despite industry challenges. The detailed guidance on revenue, adjusted EBITDA, and other financial metrics suggests a transparent and comprehensive approach to managing expectations. However, the mention of challenges such as supply chain disruptions and rising costs could temper investor enthusiasm, leading to a neutral short-term impact on the stock price.
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IMPORTANCE 90
RELEVANCE 100