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Telos (TLS)
NASDAQ:TLS
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.05Last Year’s EPS
-0.08Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 10, 2025
|% Change Since: -4.88%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant sequential revenue growth, especially in the Security Solutions segment and TSA PreCheck program expansion. However, cash flow challenges and delays in government awards presented concerns. The company remains optimistic about future growth, with a focus on existing and new business pipelines.Company Guidance
In the Telos Corporation's fourth-quarter 2024 earnings call, the company provided guidance indicating positive momentum for 2025. The first quarter is expected to see a revenue increase of 7% to 15%, reaching $28.2 million to $30.2 million, driven primarily by security solutions. Adjusted EBITDA is forecasted to be a loss between $1.8 million and $800,000, with cash flow expected to be positive. For the full year 2025, Telos anticipates a return to revenue growth, with existing business projected to generate around $70 million, and the DMDC and DHS programs expected to contribute $50 million to $75 million. The TSA PreCheck program is positioned to expand significantly, targeting a market share in a $200 million market, supported by a planned increase in enrollment centers. The company also aims for improved gross margins due to a favorable shift towards higher-margin security solutions.Significant Revenue Growth and Margins
Telos delivered fourth-quarter revenue near the top end of the guidance range and adjusted EBITDA above the top end. Total company revenue grew 11% sequentially to $26.4 million. GAAP gross margin expanded nearly 600 basis points year-over-year to 40.3%, and cash gross margin expanded nearly 900 basis points year-over-year to 47%, the highest since the IPO in 2020.
Security Solutions Segment Success
Security solutions revenue grew 20% sequentially to $21.9 million or 83% of total company revenue. The transition from the incumbent contractor to the Defense Manpower Data Center (DMDC) program generated significant revenue, and TSA PreCheck enrollments grew over 30% sequentially.
Expansion of TSA PreCheck Program
The TSA PreCheck program expanded its network of enrollment centers from 26 to 218 locations in 2024. The program became the single largest by revenue during 2024 and is expected to deliver significant growth in 2025, with a target of 500 locations by year-end.
Strong Business Pipeline and New Orders
New orders were achieved with several customers, including the Office of Naval Intelligence, the U.S. Department of Energy, and a key renewal with the U.S. Federal government customer in the intelligence community. The automated message handling system (AMHS) business achieved key renewals as well.
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TLS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TLS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 10, 2025 | $2.87 | $2.60 | -9.41% |
| Nov 12, 2024 | $4.24 | $3.92 | -7.55% |
| Aug 09, 2024 | $3.77 | $2.00 | -46.95% |
| May 10, 2024 | $3.38 | $3.42 | +1.18% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Telos (TLS) report earnings?
Telos (TLS) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Telos (TLS) earnings time?
Telos (TLS) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TLS EPS forecast?
TLS EPS forecast for the fiscal quarter 2025 (Q1) is -0.05.
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