TELOS CORP
For the period ended Dec 31, 2023. Filed Mar 15, 2024.
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FY2023 · Filed Mar 15, 2024
TLS$7.17+48.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| For the Year Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| (in thousands, except per share amounts) | ||
| Revenue – services | $135,175 | $192,742 |
| Revenue – products | 10,203 | 24,145 |
| Total revenue | 145,378 | 216,887 |
| Cost of sales – services (excluding depreciation and amortization) | 83,159 | 120,541 |
| Cost of sales – products (excluding depreciation and amortization) | 5,733 | 16,510 |
| Depreciation and amortization | 3,544 | 793 |
| Total cost of sales | 92,436 | 137,844 |
| Gross profit | 52,942 | 79,043 |
| Selling, general and administrative expenses: | ||
| Sales and marketing | 7,122 | 16,582 |
| Research and development | 12,247 | 16,918 |
| General and administrative | 73,888 | 99,393 |
| Total selling, general and administrative expenses | 93,257 | 132,893 |
| Operating loss | (40,315) | (53,850) |
| Other income | 6,715 | 1,350 |
| Interest expense | (786) | (874) |
| Loss before income taxes | (34,386) | (53,374) |
| Provision for income taxes | (36) | (54) |
| Net loss | $(34,422) | $(53,428) |
| Net loss per share: | ||
| Basic | $(0.50) | $(0.79) |
| Diluted | $(0.50) | $(0.79) |
| Weighted-average share outstanding: | ||
| Basic | 69,256 | 67,559 |
| Diluted | 69,256 | 67,559 |
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