NASDAQ$TLS

Telos Corporation · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported first quarter results with revenue increasing 43% year-over-year and reaffirmed full year 2021 guidance.

Telos Corporation reported strong first quarter 2021 results, with revenue increasing 43% year-over-year to $55.8 million. The company reaffirmed its full year 2021 revenue guidance of $283 million to $295 million and adjusted EBITDA guidance of $33 million to $36 million.

  • Total revenue increased 43% to $55.8 million compared to the first quarter of 2020.
  • Gross profit increased to $14.4 million compared to the first quarter of 2020.
  • Net loss was $(14.8) million compared to $(2.2) million in the first quarter of 2020.
  • Adjusted EPS was $(0.00) per share, compared to $(0.06) per share in the first quarter of 2020.

Headline financials

Total Revenue

$55.8M

Previous: $39M+43.0%
EPS (adj)

-$0.23

Previous: -$0.08-202.6%
Adjusted EBITDA

$1.54M

Previous: $1.79M-14.3%
Capital Expenditures

-$480K

Previous: -$210K-128.6%
Free Cash Flow

-$15.3M

Previous: -$2.45M-521.8%
Net Income

-$14.8M

Previous: -$2.24M-558.6%
Operating Income

-$13.5M

Previous: $403K-3448.4%
Gross Profit

$14.4M

Previous: $12.2M+17.3%
Cash & Equivalents

$93.8M

Previous: $6.38M+1368.9%
Total Assets

$194M

Previous: $77.3M+151.2%
Stock-Based Comp

$13.7M

No prior period

Revenue & EPS history

Telos · Revenue · Quarterly

$55.8M

Q1 2021+43%vs Q1 2020
Beat estimate in 1 of 5 quarters(20%)
ActualEstimate

Forward guidance

The Company is reaffirming the following guidance: Full year 2021 Revenue in the range of $283 million to $295 million, an improvement of 57% to 64% compared to 2020 and Adjusted EBITDA in the range of $33 million to $36 million, an improvement of 190% to 216% compared to 2020.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-4.3%

Avg return

Earnings day

-0.2%

Avg return

5 days after

+1.5%

Avg return

30 days after

36%

8 / 22 earnings

Positive

+24.8%

Q3 2023

Best reaction

-68.4%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-5.4%-6.7%
Q4 2025-3.7%+1.2%+3.7%
Q3 2025+21.5%-8.3%-5.0%
Q1 2025-19.6%+6.9%+12.2%
Q4 2024-9.1%-7.0%-15.7%
Q3 2024-12.7%-22.3%-17.1%
Q2 2024-30.2%-41.8%-15.6%
Q1 2024-11.2%+16.6%+18.6%
Q4 2023+24.8%+38.7%+14.3%
Q3 2023+24.8%+38.9%+45.1%
Q2 2023+12.2%-3.5%-7.4%
Q1 2023+22.7%+55.2%+43.1%
Q4 2022-24.4%-22.2%-20.9%
Q3 2022-68.4%-55.8%-60.4%
Q2 2022+3.9%+9.9%+17.1%
Q1 2022-0.7%+7.7%+30.3%
Q4 2021-2.2%-2.1%-6.8%
Q3 2021-27.9%-22.8%-36.5%
Q2 2021-0.5%+12.7%+27.0%
Q1 2021-16.5%-14.2%+0.3%
Q4 2020+14.0%+7.3%+2.4%
Q2 2020+14.0%+7.3%+2.4%
Q3 2020
Q1 2020
Q2 2019
Q4 2019
Q3 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2011
Q4 2010
Q3 2010
Q2 2010
Q1 2010

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