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

Revenue by segment

Telos · $36M total across 2 segments · Q2 2025

  • Security Solutions
    $32.5M—
  • Secure Networks
    $3.49M—

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 18 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
Q2 2025———
Q1 2026-5.4%-6.7%+1.8%
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%
Q2 2020+14.0%+7.3%+2.4%
Q4 2020+14.0%+7.3%+2.4%
Q3 2020———
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Q2 2019———
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Q4 2014———
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Q4 2012———
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Q4 2011———
Q3 2011———
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Q4 2010———
Q3 2010———
Q2 2010———
Q1 2010———

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