NASDAQ$KTOS
Kratos Defense & Security Solutions Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported third quarter results with revenue increase and affirmed full year financial forecast.
Kratos reported a slight increase in revenue for Q3 2024, with $275.9 million compared to $274.6 million in Q3 2023. The company's operating income was $6.5 million, and net income reached $3.2 million. The consolidated book-to-bill ratio stood at 1.0 to 1.0.
- Third quarter revenues reached $275.9 million, a slight increase from $274.6 million in the same period last year.
- Unmanned Systems revenues grew to $64.2 million, compared to $56.7 million in Q3 2023.
- The company's consolidated book to bill ratio for Q3 2024 was 1.0 to 1.
- Kratos is positioned to increase jet drone production to ~400 a year including Valkyrie.
Headline financials
Revenue & EPS history
Kratos · Revenue · Quarterly
$276M
Revenue by segment
Kratos · $275M total across 2 segments · Q3 2023
- Kratos Government Solutions$218M—79.4%
- Unmanned Systems$56.7M—20.6%
Forward guidance
Kratos provided initial Q4 2024 financial guidance and affirmed full year 2024 guidance, which includes assumptions for business mix, contract execution, supply chain, and employee sourcing. The guidance also considers the Federal Fiscal Year 2025 Continuing Resolution Authorization, which is expected to limit new program awards and production contract funding.
Tailwinds
- Revenues: $270 - $295 million
- R&D: $10 - $11 million
- Operating Income: $3 - $7 million
- Depreciation: $8 - $9 million
- Amortization: $2 - $3 million
Headwinds
- Stock Based Compensation: $6 - $7 million
- Adjusted EBITDA: $21 - $26 million
- Capital Expenditures: $60 - $70 million
- Free Cash Flow Use: ($10 - $30) million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2024
-1.5%
Avg return
Earnings day
+1.2%
Avg return
5 days after
+4.3%
Avg return
30 days after
40%
26 / 65 earnings
Positive
+19.6%
Q2 2016
Best reaction
-25.9%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.7% | -3.9% | -1.2% | |
| Q4 2025 | -8.6% | -8.6% | -19.6% | |
| Q3 2025 | -14.2% | -12.2% | -15.2% | |
| Q1 2025 | -5.2% | -6.3% | +12.2% | |
| Q4 2024 | +5.2% | +5.7% | +22.9% | |
| Q3 2024 | +7.0% | +12.3% | +15.3% | |
| Q2 2024 | -3.0% | -3.6% | +3.6% | |
| Q1 2024 | +4.4% | +4.4% | +9.4% | |
| Q4 2023 | +13.3% | +13.0% | -5.4% | |
| Q3 2023 | +0.2% | +3.3% | +13.4% | |
| Q2 2023 | +13.0% | +17.0% | +10.3% | |
| Q1 2023 | +6.7% | +0.8% | +5.9% | |
| Q4 2022 | +14.1% | +11.2% | +16.8% | |
| Q3 2022 | +0.1% | +0.2% | -8.2% | |
| Q2 2022 | -2.5% | -4.9% | -20.6% | |
| Q1 2022 | -13.9% | -17.4% | -9.5% | |
| Q4 2021 | -8.6% | +13.5% | +27.4% | |
| Q3 2021 | -5.5% | -1.1% | -10.6% | |
| Q2 2021 | -11.8% | -8.3% | -10.0% | |
| Q1 2021 | +3.4% | -0.5% | +0.4% | |
| Q4 2020 | -8.5% | -10.0% | -13.4% | |
| Q3 2020 | -1.8% | +4.8% | +11.3% | |
| Q2 2020 | +5.7% | +5.8% | +6.7% | |
| Q1 2020 | +16.2% | +8.6% | +28.1% | |
| Q4 2019 | -25.9% | -19.7% | -35.6% | |
| Q3 2019 | +5.2% | +12.2% | -2.5% | |
| Q2 2019 | -13.9% | -20.6% | -18.9% | |
| Q1 2019 | +13.1% | +22.0% | +42.1% | |
| Q4 2018 | -2.8% | -2.0% | -9.1% | |
| Q3 2018 | +14.8% | +19.2% | +5.4% | |
| Q2 2018 | -4.8% | -1.9% | +2.5% | |
| Q1 2018 | +5.8% | +4.4% | +8.8% | |
| Q4 2017 | -7.8% | -8.6% | -14.1% | |
| Q3 2017 | -7.6% | -6.1% | -14.0% | |
| Q2 2017 | -10.9% | -11.8% | -1.1% | |
| Q1 2017 | +17.2% | +18.8% | +40.5% | |
| Q4 2016 | -1.2% | -10.4% | -4.9% | |
| Q3 2016 | +8.3% | +3.2% | +43.3% | |
| Q2 2016 | +19.6% | +24.2% | +56.4% | |
| Q1 2016 | -14.4% | — | — | |
| Q4 2015 | +10.6% | — | — | |
| Q3 2015 | -3.4% | — | — | |
| Q2 2015 | -6.2% | — | — | |
| Q1 2015 | -2.4% | — | — | |
| Q4 2014 | -0.2% | — | — | |
| Q3 2014 | -12.7% | — | — | |
| Q2 2014 | +4.6% | — | — | |
| Q1 2014 | +2.5% | — | — | |
| Q4 2013 | -6.4% | — | — | |
| Q3 2013 | -15.0% | — | — | |
| Q2 2013 | +3.5% | — | — | |
| Q1 2013 | -0.9% | — | — | |
| Q4 2012 | -3.6% | — | — | |
| Q1 2011 | -3.6% | — | — | |
| Q3 2012 | -13.7% | — | — | |
| Q2 2012 | -8.0% | — | — | |
| Q1 2012 | -3.8% | — | — | |
| Q4 2009 | +13.4% | — | — | |
| Q4 2011 | +13.4% | — | — | |
| Q3 2010 | -9.8% | — | — | |
| Q3 2011 | -9.8% | — | — | |
| Q2 2010 | -16.8% | — | — | |
| Q2 2011 | -16.8% | — | — | |
| Q4 2010 | -16.8% | — | — | |
| Q1 2010 | -0.4% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro