TELOS CORP
For the period ended Dec 31, 2024. Filed Mar 10, 2025.
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FY2024 · Filed Mar 10, 2025
TLS$7.17+48.8%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
| For the Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| (in thousands, except per share amounts) | ||
| Revenue – services | $103,581 | $135,175 |
| Revenue – products | 4,691 | 10,203 |
| Total revenue | 108,272 | 145,378 |
| Cost of sales – services (excluding impairment loss, depreciation and amortization) | 59,271 | 83,159 |
| Cost of sales – products (excluding impairment loss, depreciation and amortization) | 2,835 | 5,733 |
| Impairment loss on intangible assets | 5,333 | — |
| Depreciation and amortization | 6,404 | 3,544 |
| Total cost of sales | 73,843 | 92,436 |
| Gross profit | 34,429 | 52,942 |
| Operating expenses: | ||
| Research and development expenses | 8,442 | 11,760 |
| Selling, general and administrative expenses | 75,487 | 81,010 |
| Impairment loss on intangible assets | 6,373 | 487 |
| Total operating expenses | 90,302 | 93,257 |
| Operating loss | (55,873) | (40,315) |
| Other income | 4,023 | 6,715 |
| Interest expense | (644) | (786) |
| Loss before income taxes | (52,494) | (34,386) |
| Provision for income taxes | (26) | (36) |
| Net loss | $(52,520) | $(34,422) |
| Net loss per share: | ||
| Basic | $(0.73) | $(0.50) |
| Diluted | $(0.73) | $(0.50) |
| Weighted-average share outstanding: | ||
| Basic | 71,850 | 69,256 |
| Diluted | 71,850 | 69,256 |
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