Telos Q1 Earnings Call Highlights

Telos (NASDAQ:TLS) reported a stronger-than-expected archetypal 4th for fiscal 2026, with gross and adjusted EBITDA exceeding the company’s guidance arsenic maturation successful TSA PreCheck enrollment enactment and execution crossed ample programs helped assistance results.

Executive Vice President and Chief Financial Officer Mark Bendza said the 4th reflected “continued translation of Telos into a much scalable, profitable, and cash-generative business.” He besides addressed the company’s April 29 announcement that Chairman and CEO John Wood is connected a aesculapian permission of absence. Bendza said Independent Director Fred Schaufeld has assumed the relation of chairman, portion Bendza, General Counsel Hutch Robbins and Executive Vice President of Security Solutions Mark Griffin person jointly taken connected Wood’s responsibilities connected an interim basis.

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“This interim enactment operation is functioning arsenic intended, and our teams stay afloat aligned and focused connected execution,” Bendza said, adding that lawsuit and spouse engagement remains beardown and programme execution is uninterrupted.

Revenue Rises 56% arsenic Margins Improve

Telos reported first-quarter gross of $47.7 million, up 56% from the prior-year play and supra its guidance scope of $44 cardinal to $45 million. Bendza said the outperformance was supported by beardown TSA PreCheck enrollment activity, continued execution crossed halfway programs and benefits from ratio initiatives.

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GAAP gross borderline was 36.4%, portion currency gross borderline was 42.3%, some supra institution expectations. Bendza attributed the borderline show to a favorable premix of higher-margin gross and continued operational discipline, portion noting that gross margins tin fluctuate from 4th to 4th based connected gross mix.