Kratos Reports Fourth Quarter and Fiscal Year 2018 Financial Results
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Kratos Defense (KTOS) Tops Q4 EPS by 3c, Revs Miss
February 28, 2019 4:35 PM ESTKratos Defense (NASDAQ: KTOS) reported Q4 EPS of $0.09, $0.03 better than the analyst estimate of $0.06. Revenue for the quarter came in at $164.4 million versus the consensus estimate of $188.24 million.
Eric DeMarco, Kratos President and CEO, said, Kratos completed a very successful 2018, with our Unmanned Systems Division generating organic growth of approximately 75% over the past 24 months, and we are now forecasting Kratos target drone business to grow to approximately $250 million in annual revenue over the next few years, or 90% organic growth above 2018 revenues. Additionally, we... More
