TELOS CORP

For the period ended Dec 31, 2023. Filed Mar 15, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

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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Contents

Table of Contents to 2023 Form 10-K

Page
	Special Note Regarding Forward-Looking Statements	4
PART I
Item 1.	Business	5
Item 1A.	Risk Factors	13
Item 1B.	Unresolved Staff Comments	26
Item 1C.	Cybersecurity	26
Item 2.	Properties	27
Item 3.	Legal Proceedings	27
Item 4.	Mine Safety Disclosures	27
PART II
Item 5.	Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	28
Item 6.	[Reserved]	28
Item 7.	Management's Discussion and Analysis of Financial Condition and Results of Operations	29
	Business Overview	29
	Business Environment	29
	Backlog	31
	Financial Highlights	31
	Results of Operations	32
	Key Performance Measure	33
	Non-GAAP Financial Measures	33
	Liquidity and Capital Resources	36
	Critical Accounting Policies and Estimates	37
Item 7A.	Quantitative and Qualitative Disclosures about Market Risk	39
Item 8.	Consolidated Financial Statements and Supplementary Data	40
	Report of Independent Registered Public Accounting Firm (PCAOB ID No. 238)	40
	Consolidated Statements of Operations	42
	Consolidated Statements of Comprehensive Loss	43
	Consolidated Balance Sheets	44
	Consolidated Statements of Cash Flows	45
	Consolidated Statements of Changes in Stockholders' Equity	46
	Notes to the Consolidated Financial Statements	47
	1.Organization	47
	2. Significant Accounting Policies	47
	3. Revenue Recognition	55
	4. Accounts Receivable, Net	58
	5. Inventories, Net	58
	6. Property and Equipment, Net	58
	7. Goodwill	59
	8. Intangible Assets, Net	59
	9. Other Balance Sheet Components	60
	10. Debt and Other Obligations	61
	11. Stockholders' Equity	62
	12. Stock-Based Compensation	62
	13. Leases	64
	14. Employee Benefit Plan	65
	15. Income Taxes	66
	16. (Loss)/Earnings Per Share	68
	17. Related Party Transactions	68
	18. Segment Information	69
	19. Commitments and Contingencies	70
	20. Supplemental Cash Flow Information	70
Item 9.	Changes in and Disagreements with Accountants on Accounting and Financial Disclosure	71
Item 9A.	Controls and Procedures	71

PART III
Item 9B.	Other Information	72
Item 9C.	Disclosure Regarding Foreign Jurisdictions that Prevent Inspection	72
Item 10.	Directors, Executive Officers and Corporate Governance	73
Item 11.	Executive Compensation	73
Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	73
Item 13.	Certain Relationships and Related Transactions, and Director Independence	73
Item 14.	Principal Accounting Fees and Services	73
PART IV
Item 15.	Exhibits and Financial Statement Schedules	74
	Signatures	76

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.