TELOS CORP
For the period ended Mar 31, 2025. Filed May 9, 2025.
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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.
Mar 31, 2025 · Filed May 9, 2025
TLS$7.67+7.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| For the Three Months Ended | ||
|---|---|---|
| March 31, 2025 | March 31, 2024 | |
| (in thousands) | ||
| Cash flows from operating activities: | ||
| Net loss | $(8,604) | $(7,378) |
| Adjustments to reconcile net loss to cash provided by (used in) operating activities: | ||
| Stock-based compensation | 7,048 | 2,984 |
| Depreciation and amortization | 2,336 | 3,129 |
| (Benefit from) provision for deferred income tax | (4) | 12 |
| (Recovery from) provision for doubtful accounts | (5) | 41 |
| Amortization of debt issuance costs | 17 | 17 |
| Changes in other operating assets and liabilities: | ||
| Accounts receivable | 427 | 11,703 |
| Inventories | 294 | (44) |
| Prepaid expenses, other current assets, other assets | 2,722 | (171) |
| Accounts payable and other accrued payables | 1,537 | (6,549) |
| Accrued compensation and benefits | 375 | (3,054) |
| Contract liabilities | (93) | (734) |
| Other current liabilities | 56 | (306) |
| Net cash provided by (used in) operating activities | 6,106 | (350) |
| Cash flows from investing activities: | ||
| Capitalized software development costs | (2,214) | (3,202) |
| Purchases of property and equipment | (123) | (97) |
| Purchase of investment | — | (850) |
| Net cash used in investing activities | (2,337) | (4,149) |
| Cash flows from financing activities: | ||
| Payments under finance lease obligations | (452) | (416) |
| Payment of tax withholding related to net share settlement of equity awards | (104) | (430) |
| Net cash used in financing activities | (556) | (846) |
| Net change in cash, cash equivalents, and restricted cash | 3,213 | (5,345) |
| Cash, cash equivalents, and restricted cash, beginning of period | 54,717 | 99,396 |
| Cash, cash equivalents, and restricted cash, end of period | $57,930 | $94,051 |
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