NASDAQ$TLS
Telos Corporation · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Telos reported a revenue decline in Q4 2024 while improving gross margins and reducing adjusted EBITDA loss.
Telos' Q4 2024 revenue fell 35.8% year-over-year to $26.4 million, mainly due to a reduction in Secure Networks revenue. The company achieved a gross margin of 40.3%, a 6 percentage-point increase from Q4 2023. Despite a GAAP net loss of $9.3 million, adjusted EBITDA improved to a $0.2 million loss from a $3.2 million loss in Q4 2023, reflecting cost optimization efforts. Free cash flow was negative $14.8 million due to increased working capital needs.
- Revenue decreased 35.8% year-over-year to $26.4 million.
- GAAP net loss widened to $9.3 million from $7.0 million in Q4 2023.
- Adjusted EBITDA improved to a loss of $0.2 million from a $3.2 million loss in Q4 2023.
- Free cash flow was negative $14.8 million due to working capital investments.
Headline financials
Revenue & EPS history
Telos · Revenue · Quarterly
$26.4M
Revenue by segment
Telos · $36M total across 2 segments · Q2 2025
- Security Solutions$32.5M—90.3%
- Secure Networks$3.49M—9.7%
Forward guidance
Telos expects sequential revenue growth of 7-15% in Q1 2025, with improving profitability and positive cash flow.
Tailwinds
- Q1 2025 revenue forecasted between $28.2 million and $30.2 million.
- Sequential revenue growth expected between 7-15%.
- Adjusted EBITDA loss expected to improve to a range of $1.8 million to $0.8 million.
- Positive cash flow anticipated in Q1 2025.
- Continued expansion of TSA PreCheck enrollment locations.
Headwinds
- Revenue remains significantly lower than Q4 2023 levels.
- Free cash flow remains negative due to working capital investments.
- Secure Networks segment revenue declined sharply.
- Stock-based compensation remains a high expense item.
- Continued net losses expected in the near term.
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 Q4 2024
-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
| Quarter | Report date | Reaction (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% | |
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