Delivers Revenues of $52.6 million; Up 8% Reported; Up 48% Excluding Contract with U.S. Census Bureau; Reports Double Digit Growth in Xacta, Telos Ghost, and Secure NetworksIncreases Gross Profit 17% to $20.6 Million; Expands Gross Margin 290 Basis Points to 39.1%Generates $3.5 Million of Cash Flow from OperationsReaffirms 2021 Sales Guidance of $283 million – $295 million and Adjusted EBITDA Guidance of $33 million – $36 million
ASHBURN, Va., Aug. 16, 2021 (GLOBE NEWSWIRE) — Telos® Corporation (NASDAQ: TLS), a leading provider of cyber, cloud and enterprise security solutions for the world’s most security-conscious organizations, today announced financial results for the second quarter 2021.
“We delivered a solid second quarter, as we continued to deliver revenue growth and win meaningful, large-scale contracts such as a task order for our Xacta solution from the Air Force and an expanded partnership with a major intelligence community customer,” said John B. Wood, CEO and chairman, Telos. “Since the beginning of 2021, we have achieved our…
