Telos Corporation logo TLS - Telos Corporation

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HOLD 3
SELL 0
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| PRICE TARGET: $5.50 DETAILS
HIGH: $10.00
LOW: $3.00
MEDIAN: $4.50
CONSENSUS: $5.50
UPSIDE: 36.48%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Revenue
Revenue 164.8 108.3 145.4 216.9 242.4 179.9 159.2 138.0 107.7 134.9 120.6 127.6 207.4 226.1 189.9 225.8 275.7 217.1 226.6 140.9 142.6 116.7 88.4 170.0 0
Cost of Revenue 103.8 73.8 92.4 137.8 156.4 117.5 106.9 85.0 67.2 91.4 90.0 102.6 168.8 171.3 142.3 178.5 230.1 172.6 185.0 119.0 118.5 88.1 71.4 0 117,497
Gross Profit 61.0 34.4 52.9 79.0 86.0 62.4 52.3 53.1 40.6 43.4 30.7 25.0 38.6 54.8 47.5 47.3 45.6 44.4 41.6 21.8 24.1 28.6 17.1 170.0 (117,497)
Operating Expenses
R&D Expenses 7.1 8.4 12.2 16.9 19.1 14.2 10.6 3.5 3.2 2.6 2.1 2.2 1.7 1.2 0 0 0 0 0 0 0 0 0 0 14,243
SG&A Expenses 78.9 75.5 81.0 116.0 108.4 47.9 36.7 35.3 40.2 41.3 34.3 36.6 32.5 37.1 34.9 32.3 31.9 29.8 32.2 30.9 29.9 22.7 19.0 19.6 47,880
Other Expenses (0.5) 6.4 0 0 0 0 0 0.0 0.0 0.0 0.0 0.4 0.2 0.5 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses 85.5 90.3 93.3 132.9 127.5 62.1 47.3 44.0 40.2 41.3 34.3 36.6 32.5 37.1 34.9 32.3 31.9 29.8 32.2 30.9 29.9 22.7 19.0 19.6 62,123
Operating Income
Operating Income (24.5) (55.9) (40.3) (53.9) (41.5) 0.3 5.0 9.0 0.4 2.1 (3.6) (11.6) 6.1 17.7 12.7 15.0 13.7 14.6 9.4 (9.0) (5.9) 5.9 (1.9) (8.5) 297
Interest Expense 0.6 0.6 0.8 0.9 0.8 7.3 7.5 7.3 6.7 5.5 5.6 5.4 5.5 6.6 6.3 6.2 7.2 7.7 8.4 20.6 8.8 (8.9) (5.5) (2.3) (7,259)
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA (25.2) (40.0) (24.2) (46.6) (36.8) 19.4 10.2 12.1 2.4 5.0 0.7 (7.0) 9.9 27.2 15.7 16.8 15.3 16.2 17.0 (7.2) (4.3) 7.4 (2.2) (11.4) 4,889
EBIT (36.7) (51.9) (33.6) (52.5) (42.4) 14.1 5.2 9.0 0.4 2.1 (3.6) (11.2) 6.1 23.4 13.0 15.2 13.8 14.8 14.2 (9.1) (6.3) 6.0 (3.7) (13.2) (464)
Income Before Tax (37.2) (52.5) (34.4) (53.4) (43.2) 6.8 (2.2) 1.8 (6.3) (3.3) (9.2) (16.6) 0.9 16.7 6.7 9.0 6.6 5.0 5.8 (29.7) (15.1) (2.9) 1.8 (10.8) 6,795
Income Tax Expense (0.7) 0.0 0.0 0.1 (0.0) (0.0) (0.1) 0.0 (2.8) 0.3 4.3 (6.0) 1.7 7.2 3.2 4.7 4.3 (5.7) 0.3 0.0 0.0 0.1 (11.5) 3.4 46
Net Income (36.5) (52.5) (34.4) (53.4) (43.1) 1.7 (6.4) (1.6) (5.8) (7.2) (15.9) (12.3) (2.6) 7.4 1.5 3.0 1.3 10.7 5.5 (29.7) (14.1) (3.0) (11.8) (14.2) 6,749
Per Share Data
EPS (Basic) -0.50 -0.73 -0.50 -0.79 -0.65 0.03 -0.03 -0.03 -0.11 -0.16 -0.36 -0.28 -0.06 0.19 0.04 0.08 0.03 0.38 0.22 -0.54 -0.25 -0.05 -0.21 -0.26 16.21
EPS (Diluted) -0.50 -0.73 -0.50 -0.79 -0.65 0.03 -0.03 -0.03 -0.10 -0.16 -0.36 -0.28 -0.06 0.19 0.04 0.08 0.03 0.38 0.22 -0.52 -0.25 -0.05 -0.21 -0.25 15.74
Shares Outstanding 72.9 71.8 69.3 67.6 66.4 64.6 64.7 49.2 55.4 44.3 44.3 44.3 44.3 39.9 39.9 37.6 37.7 28.3 25.2 55.4 55.4 55.4 55.4 55.4 416.4
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Current Assets
Cash & Cash Equivalents 53.2 54.6 99.3 119.3 126.6 106.0 6.8 0.1 0.6 0.7 0.1 0.0 0.1 0.2 0.2 0.1 0.1 0.0 0.1 0.2 0.1 0 0.1 0 0
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.1 4.0 0 0 0 0 0 0
Net Receivables 17.5 19.2 30.4 40.1 59.8 30.9 27.9 34.5 24.5 19.1 19.0 22.5 45.6 33.9 36.9 54.1 59.2 39.9 39.9 25.7 24.9 0 17.2 0 0
Inventory 1.0 1.8 1.4 2.9 1.2 3.3 2.0 4.4 13.5 3.6 2.9 3.3 4.9 10.3 14.7 7.3 32.6 7.1 11.9 7.1 4.3 0 4.0 0 0
Other Current Assets 12.1 0.8 1.4 0.9 0.7 0.8 2.9 2.2 3.5 1.7 3.8 7.5 1.8 7.7 3.4 2.9 4.5 5.5 3.8 6.6 1.8 0 2.1 0 0
Total Current Assets 94.4 91.4 140.0 168.0 191.7 144.1 39.6 41.2 42.1 25.0 25.8 34.4 52.5 52.1 57.9 67.0 96.4 52.6 59.7 39.7 31.1 0 23.3 0 0
Non-Current Assets
Property, Plant & Equipment 7.9 10.3 10.3 13.0 16.0 23.9 21.5 17.4 16.3 16.1 17.3 18.9 14.6 3.9 4.8 5.7 6.7 6.9 7.6 8.5 9.3 0 14.4 0 0
Goodwill 3.0 17.9 17.9 17.9 17.9 14.9 14.9 14.9 14.9 14.9 14.9 14.9 14.9 14.9 15.1 0 0 0 0 0 0 0 0 0 0
Intangible Assets 30.3 30.4 39.6 37.4 19.2 0 0 0 0 0 1.1 3.4 5.6 7.9 10.2 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 3.9 3 0.1 0.1 0 0 0 (0.8) (0.7) (3.4) (3.2) 0 (0.0) (0.2) 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 0.4 5.2 0.7 0.2 1.3 0.9 1.7 0.9 1.0 0.8 0.8 2.2 1.0 0.3 0.3 0.4 0.3 0.0 0.1 0.3 1.4 0 (4.1) 0 0
Total Non-Current Assets 45.5 66.8 68.7 69.4 54.4 44.4 45.0 33.3 32.3 31.8 34.1 39.4 36.2 27.0 32.0 7.8 8.5 10.1 7.8 8.8 10.8 0 10.3 0 0
Total Assets 139.9 158.2 208.7 237.4 246.1 188.5 84.6 74.5 74.4 56.8 60.0 73.8 88.6 79.2 89.8 74.8 104.9 62.7 67.5 48.5 41.9 0 33.6 0 0
Current Liabilities
Account Payables 4.1 1.2 8.3 12.6 7.9 14.7 13.6 15.2 15.4 12.1 9.3 13.6 17.3 16.4 16 28.9 61.8 0 0 34.6 19.1 22.0 0 8.0 0
Short-Term Debt 0 0 0 1.2 0 2.0 1.9 0 0 3.0 1.4 2.3 0.7 0.4 3.9 0.4 0.8 0 0.6 0.6 0 0.5 0 0.4 1,461
Deferred Revenue 11.2 6.8 6.7 6.4 6.4 5.7 6.3 5.2 10.1 4.9 3.5 3.3 2.8 6.1 4.4 4.4 8.8 3.7 5.5 8.1 4.2 9.2 0 8.1 723
Other Current Liabilities 12.3 8.0 7.8 14.9 8.0 8.1 3.3 5.2 12.3 4.6 5.0 1.8 7.8 1.3 11.5 4.3 4.1 15.2 4.5 3.0 4.6 10.0 0 7.4 48,757
Total Current Liabilities 36.8 22.1 39.2 45.5 50.9 38.9 37.3 39.1 46.2 33.6 24.8 30.2 35.2 37.1 42.7 45.8 82.3 41.8 60.0 51.8 32.9 41.7 0 23.9 50,941
Non-Current Liabilities
Long-Term Debt 0 0 0 7.2 0 0 158.5 149.0 144.6 129.8 135.6 130.6 19.1 135.0 29.6 13.8 6.9 123.4 5.2 5.2 5.2 9.7 0 10.6 13,792
Deferred Tax Liabilities 0.1 0.8 0.8 0.8 0.7 5.3 7.5 0.8 0.7 3.4 3.2 0 0.2 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 1.3 0.1 0.0 0.3 0.9 1.9 0.7 1.7 1.6 4.3 4.1 0.7 118.7 0.1 117.0 115.1 117.8 0 115.1 109.6 91.8 80.5 0 11.8 1,094
Total Non-Current Liabilities 7.1 9.0 10.5 19.5 14.9 22.4 183.9 167.5 164.2 153.1 159.6 152.1 152.9 138.9 151.5 134.8 131.6 130.9 128.4 123.5 106.2 99.9 0 22.4 14,886
Total Liabilities 43.9 31.1 49.7 65.0 65.8 61.4 221.2 206.6 210.5 186.8 184.3 182.3 188.0 176.0 194.2 180.6 213.9 172.7 188.5 175.2 139.1 141.7 0 46.4 65,827
Stockholders' Equity
Common Stock 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0 0.1 105
Retained Earnings (363.9) (327.3) (274.8) (240.4) (187.0) (143.8) (145.5) (139.1) (141.4) (135.5) (128.4) (112.4) (100.1) (97.5) (105.0) (106.4) (109.5) (110.7) (121.4) (127.0) (97.3) (83.2) 0 (68.5) (186,977)
Accumulated Other Comprehensive Income (0.1) (0.1) (0.1) (0.1) (0.0) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 (0.0) 0.0 (17.3) (16.0) (15.2) (14.3) 0 0 0 0
Total Stockholders' Equity 96.0 127.1 159.0 172.4 180.3 127.1 (141.1) (134.7) (136.9) (132.2) (125.0) (109.1) (99.9) (97.3) (104.7) (106.2) (109.3) (110.5) (121.2) (126.8) (97.2) 8.2 0 7.3 180,254
Total Liabilities & Equity 139.9 158.2 208.7 237.4 246.1 188.5 84.6 74.5 74.4 56.8 60.0 73.8 88.6 79.2 89.8 74.8 104.9 62.7 67.5 48.5 41.9 0 33.6 0 246,081
Debt Metrics
Total Debt 8.1 10.1 11.5 21.7 15.3 17.3 177.6 31.6 32.1 22.9 31.8 154.5 35.4 140.4 39.4 21.1 11.9 12.4 13.9 14.5 15.0 10.2 0 11.1 15,253
Net Debt (45.1) (44.4) (87.8) (97.6) (111.3) (88.8) 170.8 31.5 31.5 22.3 31.7 154.4 35.3 140.2 39.2 20.9 11.8 12.4 13.8 14.3 14.9 10.2 (0.1) 11.1 15,253
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Operating Activities
Net Income (36.5) (52.5) (34.4) (53.4) (43.1) 6.8 (2.1) 1.7 (3.5) (3.7) (13.5) (10.6) (0.8) 9.5 3.5 4.2 2.3 10.7 5.5 (29.7) (15.1) 0 0 0 6,841
Depreciation & Amortization 11.5 11.9 9.4 5.9 5.6 5.4 5.0 3.0 2.0 2.9 4.3 4.3 3.8 3.8 2.7 1.6 1.5 1.4 1.8 1.9 2.0 1.4 1.6 1.8 5,353
Stock-Based Compensation 30.1 21.4 24.4 64.7 60.2 0.0 0 0.1 0.1 3.3 0.0 0.0 0.0 (3.1) 1.2 1.0 0 (1.0) 3.2 0.1 0 0 0 0 4
Change in Working Capital 11.2 (18.6) 3.3 (0.8) (15.6) (5.1) 4.1 (2.5) (0.5) 10.3 2.6 11.2 (2.2) 1.5 5.0 (8.6) (6.9) (13.3) (8.8) 11.9 7.1 6.6 (2.6) 0.3 1,656
Other Non-Cash Items 14.7 11.9 (1.2) 0.2 0.0 (9.2) 5.1 3.9 4.1 0.8 4.2 5.4 3.8 2.3 3.2 3.4 4.4 8.0 6.5 17.3 6.0 (10.5) (14.7) (6.4) (15,989)
Operating Cash Flow 30.2 (25.9) 1.6 16.5 7.3 (2.1) 11.8 6.3 (0.6) 13.9 2.7 6.2 4.8 16.1 14.9 3.1 4.8 (0.3) 0.1 1.4 (0.1) (2.5) (4.3) (8.3) (2,104)
Investing Activities
Capital Expenditure (0.7) (2.3) (15.5) (13.7) (13.2) (7.5) (6.5) (4.1) (2.2) (0.6) (0.4) (0.7) (0.5) (0.6) (0.6) (0.7) (1.1) (0.6) (0.6) (0.8) (1.4) (1.9) (0.3) (0.3) (780)
Acquisitions 0 0 0 0 (5.9) 0 0 0 0 0 0 0 0 0 (8) 0 0 0 5.8 0 1 0 0 0 0
Purchases of Investments 0 (3) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (4.1) 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.1 4.0 0 0 0 0 0 0 0
Other Investing Activities (8.2) (11.5) (14.6) (12.7) (10.0) (6.7) (2.4) (1.6) (1.5) 0 0 0 0 0 (8) 0 0 0 0.0 0 5.0 0 5.0 18.6 (6,681)
Investing Cash Flow (8.9) (16.8) (15.5) (13.7) (19.1) (7.5) (6.5) (4.1) (2.2) (0.6) (0.4) (0.7) (0.5) (0.6) (8.6) (0.7) (1.0) 3.4 1.1 (0.8) (0.4) (1.9) 4.7 18.2 (7,461)
Financing Activities
Net Debt Issuance (1.9) (1.7) (1.6) (1.5) (1.3) (22.2) 3.8 (1.0) 8.5 (10.7) (1.9) (8.7) (0.3) (9.5) (2.0) (0.8) (2.5) (0.8) 0.1 0.4 0.7 0 0 0 0
Stock Repurchased (13.6) 0 (0.1) (11.1) (1.3) 0 0 0 (2.1) 0 0 0 (2) (4) (2.1) (0.4) 0 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 (3.8) (3.8) (3.9) (3.9) 0 (3.9) (4.0) (4.2) (4.2) 0 (4.7) (5.3) (17.4) (3.2) (6.4) (3.2) 0 (3,384)
Other Financing Activities (7.3) (0.5) (4.4) 2.7 (29.3) (32.8) (2.4) 2.2 (5.8) 2.0 3.5 3.1 (4.1) (2.0) (2.1) (1.2) 3.0 2.4 3.8 (0.9) 2.9 10.8 2.5 (8.7) 112,243
Financing Cash Flow (22.7) (2.0) (6.2) (9.9) 32.3 108.9 1.4 (2.7) 2.8 (12.6) (2.3) (5.6) (4.4) (15.4) (6.2) (2.4) (3.8) (3.1) (1.3) (0.5) 0.5 4.4 (0.7) (8.7) 108,859
Cash Position
Net Change in Cash (1.4) (44.7) (20.0) (7.1) 20.5 99.3 6.7 (0.5) (0.1) 0.6 0.0 (0.1) (0.1) 0.0 0.1 0.0 0.1 (0.1) (0.2) 0.2 (0.0) 0.0 (0.3) 0.2 99,294
Cash at Beginning 54.7 99.4 119.4 126.6 106.0 6.8 0.1 0.6 0.7 0.1 0.0 0.1 0.2 0.2 0.1 0.1 0.0 0.1 0.2 0.1 0.1 0.1 0.4 0.1 6,751
Cash at End 53.3 54.7 99.4 119.4 126.6 106.0 6.8 0.1 0.6 0.7 0.1 0.0 0.1 0.2 0.2 0.1 0.1 0.0 0.1 0.2 0.1 0.1 0.1 0.4 106,045
Free Cash Flow 29.4 (28.2) (13.9) 2.8 (5.9) (9.6) 5.3 2.2 (2.8) 13.2 2.3 5.5 4.3 15.5 14.3 2.4 3.7 (1.0) (0.5) 0.7 (1.5) (4.4) (4.6) (8.6) (2,884)
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Income Statement
Revenue 164.8 108.3 145.4 216.9 242.4 179.9 159.2 138.0 107.7 134.9 120.6 127.6 207.4 226.1 189.9 225.8 275.7 217.1 226.6 140.9 142.6 116.7 88.4 170.0 0
Gross Profit 61.0 34.4 52.9 79.0 86.0 62.4 52.3 53.1 40.6 43.4 30.7 25.0 38.6 54.8 47.5 47.3 45.6 44.4 41.6 21.8 24.1 28.6 17.1 170.0 (117,497)
Operating Income (24.5) (55.9) (40.3) (53.9) (41.5) 0.3 5.0 9.0 0.4 2.1 (3.6) (11.6) 6.1 17.7 12.7 15.0 13.7 14.6 9.4 (9.0) (5.9) 5.9 (1.9) (8.5) 297
Net Income (36.5) (52.5) (34.4) (53.4) (43.1) 1.7 (6.4) (1.6) (5.8) (7.2) (15.9) (12.3) (2.6) 7.4 1.5 3.0 1.3 10.7 5.5 (29.7) (14.1) (3.0) (11.8) (14.2) 6,749
EPS (Diluted) -0.50 -0.73 -0.50 -0.79 -0.65 0.03 -0.03 -0.03 -0.10 -0.16 -0.36 -0.28 -0.06 0.19 0.04 0.08 0.03 0.38 0.22 -0.52 -0.25 -0.05 -0.21 -0.25 15.74
Balance Sheet
Cash & Equivalents 53.2 54.6 99.3 119.3 126.6 106.0 6.8 0.1 0.6 0.7 0.1 0.0 0.1 0.2 0.2 0.1 0.1 0.0 0.1 0.2 0.1 0 0.1 0 0
Total Assets 139.9 158.2 208.7 237.4 246.1 188.5 84.6 74.5 74.4 56.8 60.0 73.8 88.6 79.2 89.8 74.8 104.9 62.7 67.5 48.5 41.9 0 33.6 0 0
Total Debt 8.1 10.1 11.5 21.7 15.3 17.3 177.6 31.6 32.1 22.9 31.8 154.5 35.4 140.4 39.4 21.1 11.9 12.4 13.9 14.5 15.0 10.2 0 11.1 15,253
Stockholders' Equity 96.0 127.1 159.0 172.4 180.3 127.1 (141.1) (134.7) (136.9) (132.2) (125.0) (109.1) (99.9) (97.3) (104.7) (106.2) (109.3) (110.5) (121.2) (126.8) (97.2) 8.2 0 7.3 180,254
Cash Flow
Operating Cash Flow 30.2 (25.9) 1.6 16.5 7.3 (2.1) 11.8 6.3 (0.6) 13.9 2.7 6.2 4.8 16.1 14.9 3.1 4.8 (0.3) 0.1 1.4 (0.1) (2.5) (4.3) (8.3) (2,104)
Capital Expenditure (0.7) (2.3) (15.5) (13.7) (13.2) (7.5) (6.5) (4.1) (2.2) (0.6) (0.4) (0.7) (0.5) (0.6) (0.6) (0.7) (1.1) (0.6) (0.6) (0.8) (1.4) (1.9) (0.3) (0.3) (780)
Free Cash Flow 29.4 (28.2) (13.9) 2.8 (5.9) (9.6) 5.3 2.2 (2.8) 13.2 2.3 5.5 4.3 15.5 14.3 2.4 3.7 (1.0) (0.5) 0.7 (1.5) (4.4) (4.6) (8.6) (2,884)