Filing Flows › Telos (TLS) › Q4 2024
Telos (TLS) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 10, 2025
Telos (TLS) reported revenue of $26.4M for the fourth quarter 2024 (Q4 2024), -36% from a year earlier and +11% from the quarter before. Operating margin was -37.6%, net loss $9.3M (35.4% of revenue).
Telos, Q4 2024: revenue $26.4M (-36% year over year), operating margin -37.6%, net loss $9.3M, operating cash flow −$10.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $26.4M | +11% | -36% |
| Operating profit | −$9.9M | — | — |
| Net earnings | −$9.3M | — | — |
| Operating cash flow | −$10.5M | — | — |
What changed
Revenue was $26.4M in Q4 2024, down 36% year over year and up 11% from the previous quarter. Service was the largest line at 97% of revenue.
Gross margin was 40.3%, up 6.0 points from a year earlier. Operating costs exceeded revenue by $9.9M, an operating margin of -37.6%. Operating expenses fell 8% while revenue fell 36%. The fastest-growing cost line was SG&A (+91%). The quarter ended with a net loss of $9.3M, narrower than the previous quarter's $28.1M loss.
Operating cash flow was −$10.5M. Non-cash charges added back $2.5M of depreciation and amortization and $7.4M of share-based compensation. Working capital and other items used $11.1M. Capital expenditures of $1.9M exceeded it, leaving free cash flow of −$12.4M.
Questions
What was Telos' revenue in the fourth quarter 2024?
Telos (TLS) reported revenue of $26.4M for the fourth quarter 2024 (Q4 2024), -36% from a year earlier and +11% from the quarter before.
Was Telos profitable in the fourth quarter 2024?
Operating loss was $9.9M (-37.6% of revenue) and net loss $9.3M.
Source: Telos 10-K on SEC EDGAR.