TELOS CORP
For the period ended Jun 30, 2024. Filed Aug 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 9, 2024
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Financial Overview
A number of factors have contributed to our second quarter ended June 30, 2024 results of operations, the most significant of which are described below. More details on these changes are presented below within our "Results of Operations" section.
Decline in year-over-year revenue primarily driven by successful completion and ramp down of programs in Secure Networks.
Growth in TSA PreCheck revenue driven by the increase in our TSA PreCheck enrollment locations.
Reduction in gross margins primarily driven by the impact of increased amortization of software development costs.
Lower operating costs primarily due to lower stock-based compensation expenses.
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