TELOS CORP

For the period ended Dec 31, 2024. Filed Mar 10, 2025.

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.

FY2024 · Filed Mar 10, 2025

TLS$7.17+48.8%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Table of Contents to 2024 Form 10-K

Page
	Special Note Regarding Forward-Looking Statements	4
PART I
Item 1.	Business	5
Item 1A.	Risk Factors	12
Item 1B.	Unresolved Staff Comments	25
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
	Overview	29
	Business Environment	29
	Key Performance Measure	31
	Backlog	31
	Financial Highlights	32
	Results of Operations	32
	Non-GAAP Financial Measures	33
	Liquidity and Capital Resources	36
	Critical Accounting Policies and Estimates	38
Item 7A.	Quantitative and Qualitative Disclosures about Market Risk	40
Item 8.	Consolidated Financial Statements and Supplementary Data	41
	Report of Independent Registered Public Accounting Firm (PCAOB ID No. 238)	41
	Consolidated Statements of Operations	43
	Consolidated Statements of Comprehensive Loss	44
	Consolidated Balance Sheets	45
	Consolidated Statements of Cash Flows	46
	Consolidated Statements of Changes in Stockholders' Equity	47
	Notes to the Consolidated Financial Statements	48
	1.Organization	48
	2. Significant Accounting Policies	48
	3. Revenue Recognition	56
	4. Accounts Receivable, Net	60
	5. Inventories, Net	60
	6. Property and Equipment, Net	60
	7. Goodwill	61
	8. Intangible Assets, Net	61
	9. Other Balance Sheet Components	62
	10. Debt and Other Obligations	63
	11. Stockholders' Equity	64
	12. Stock-Based Compensation	64
	13. Leases	67
	14. Employee Benefit Plan	68
	15. Income Taxes	68
	16. Loss Per Share	70
	17. Related Party Transactions	70
	18. Segment Information	71
	19. Commitments and Contingencies	72
	20. Supplemental Cash Flow Information	72
Item 9.	Changes in and Disagreements with Accountants on Accounting and Financial Disclosure	73
Item 9A.	Controls and Procedures	73

PART III
Item 9B.	Other Information	74
Item 9C.	Disclosure Regarding Foreign Jurisdictions that Prevent Inspection	74
Item 10.	Directors, Executive Officers and Corporate Governance	75
Item 11.	Executive Compensation	75
Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	75
Item 13.	Certain Relationships and Related Transactions, and Director Independence	75
Item 14.	Principal Accounting Fees and Services	75
PART IV
Item 15.	Exhibits and Financial Statement Schedules	76
	Signatures	78

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.