KTOS - Kratos Defense & Security (KTOS) - A CR Impacted Quarter but Future is Brighter

1Q22 Results. Revenue of $196.2 million, up 1.0% y-o-y, and came in at the mid-point of the $190-$200 million guidance. Revenue from acquisitions offset CR related impacts and the decline in the Training business. Adjusted EBITDA came in at $13.8 million, above guidance, versus $18.1 million a year ago. GAAP EPS loss was $0.12, adjusted EPS net income was $0.04.Brighter Days? With the Continuing Resolution behind us, it appears there is a high potential for new awards. On the call, CEO DeMarco stated "We have now received or have been informed that we will receive several large new contracts in our unmanned systems and our satellite business, including our new software based OpenSpace products.” Read More >>