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Telos Corp. (TLS) Announces Positive Preliminary Financial Results

March 1, 2021 4:30 PM EST

Telos® Corporation (NASDAQ: TLS), a leading provider of cyber, cloud and enterprise security solutions for the world’s most security conscious organizations, announced today preliminary, unaudited financial results for the fourth quarter and fiscal year 2020.

Telos expects fourth quarter total revenue of approximately $44.7 million and approximately $15.8 million of gross profit. For the full year, Telos expects revenue to increase to approximately $179.7 million and gross profit to increase to approximately $62.2 million from the prior year.

Further, Telos has elected to align the timing of its full earnings release and concurrent conference call with the release of its Annual Report on Form 10-K, expected to be filed on or before the due date of March 31, 2021. This rescheduling is related to neither Telos’ operations nor current or expected future performance.

Telos continues to execute in accordance with its expectations and will provide 2021 guidance in conjunction with its release of the full fourth quarter and full year 2020 financial results.

The preliminary financial data above remains subject to audit, review or other procedures by the company’s independent registered public accounting firm. As a result, audited results may differ from the preliminary results shown above and will be available when the company reports its fourth quarter and full year 2020 results which will be no later than March 31, 2021.




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