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$7.17+48.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| For the Three Months Ended | ||
|---|---|---|
| March 31, 2025 | March 31, 2024 | |
| (in thousands, except per share amounts) | ||
| Revenue – services | $28,845 | $28,851 |
| Revenue – products | 1,771 | 768 |
| Total revenue | 30,616 | 29,619 |
| Cost of sales – services (excluding depreciation and amortization) | 15,491 | 17,059 |
| Cost of sales – products (excluding depreciation and amortization) | 1,440 | 321 |
| Depreciation and amortization | 1,503 | 1,278 |
| Total cost of sales | 18,434 | 18,658 |
| Gross profit | 12,182 | 10,961 |
| Operating expenses: | ||
| Research and development expenses | 1,571 | 3,170 |
| Selling, general and administrative expenses | 19,633 | 16,229 |
| Total operating expenses | 21,204 | 19,399 |
| Operating loss | (9,022) | (8,438) |
| Other income | 561 | 1,252 |
| Interest expense | (147) | (175) |
| Loss before income taxes | (8,608) | (7,361) |
| Benefit from (provision for) income taxes | 4 | (17) |
| Net loss | $(8,604) | $(7,378) |
| Net loss per share: | ||
| Basic | $(0.12) | $(0.10) |
| Diluted | $(0.12) | $(0.10) |
| Weighted-average shares outstanding: | ||
| Basic | 72,715 | 70,628 |
| Diluted | 72,715 | 70,628 |
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