TLS - IT & Cybersecurity Firm Telos Tops Q3 Expectations Despite Weak Results Boosts FY23 Guidance | Benzinga
Telos Corp (NASDAQ: TLS) reported a Q3 FY23 revenue of $36.2 million, beating the consensus of $31.9 million.
Services revenue decreased to $34.4 million from $55.3 million a year ago, and Products revenue fell to $1.8 million from $8.3 million the prior year.
Adjusted gross margin expanded by 684 bps Y/Y to 41.5%, with adjusted gross profit declining to $15.0 million ...