TELOS CORP Management’s Discussion and Analysis of Financial Condition and Results of Operations (form 10-K)

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The following discussion and analysis of our financial condition and results of
operations should be read in conjunction with our consolidated financial
statements and the related notes to consolidated financial statements included
in Part II, Item 8 of this Annual Report on Form 10-K, ("10-K"). In addition to
historical financial information, the following discussion and analysis contains
forward-looking statements that involve risks, uncertainties and assumptions.
Our actual results and timing of selected events in future periods may differ
materially from those anticipated or implied in these forward-looking statements
as a result of many factors, including those discussed under Item 1A, "  Risk
Factors  ," and elsewhere in this 10-K. See also "  Cautionary Note Regarding
Forward-Looking Statements  " at the beginning of this 10-K.

General Overview

We offer technologically advanced, software-based security solutions that
empower and protect the world's most security-conscious organizations against
rapidly evolving, sophisticated and pervasive threats. Our portfolio of security
products, services and expertise empower our customers with capabilities to
reach new markets,...

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