Telos Reports Q3 Earnings Beat on Revenue and Non-GAAP EPS
Telos (NASDAQ: TLS) reported third-quarter financial results that exceeded market expectations for both top and bottom lines. The company posted a Non-GAAP earnings per share (EPS) of $0.09, surpassing estimates by $0.05, while revenue reached $55.2 million, representing a 7.4% increase year-over-year and beating projections by $5.2 million. Financial performance was bolstered by strong gross margins, with both GAAP and Cash Gross Margins exceeding company guidance. This margin strength was primarily driven by the robust performance of Telos ID. The results indicate steady growth in the company's core segments despite broader market volatility.
Tickers: $TLS
Topics: earnings beat gross margin revenue growth