KTOS - Kratos Defense & Security Non-GAAP EPS of $0.08 beats by $0.01 revenue of $249.3M beats by $6.46M

• Kratos Defense & Security press release ( NASDAQ: KTOS ): Q4 Non-GAAP EPS of $0.08 beats by $0.01 .
• Revenue of $249.3M (+17.8% Y/Y) beats by $6.46M .
• Fourth Quarter 2022 Consolidated Book to Bill Ratio of 1.2 to 1
• Fiscal 2022 Consolidated Book to Bill Ratio of 1.1 to 1.
• KUS’s Adjusted EBITDA for the fourth quarter of 2022 was $4.5 million, compared to fourth quarter 2021 KUS Adjusted EBITDA of $4.6 million, reflecting increases in certain development programs which typically generate lower margins and increases in SG&A, R&D, and supply chain related and employee costs.
• Guidance: Total estimated capital expenditures for 2023 are expected to be $45 to $50 million, which includes approximately $25 to $30 million for expected capital expenditures related to normal annual maintenance. In addition, the 2023 capital expenditure forecast currently includes expected outlays of $10 to $15 million associated with the continued production of Valkyrie aircraft, including our recent decision to move forward with our second serial production run of 12 next generation Valkyries.
• Other non-recurring, non-maintenance capital expenditures include expansion of the Company’s owned satellite monitoring network and our OpenSpace product of approximately $5 to $7 million, and approximately $4 - $6 million of expected capital investments related to the GBSD program.

For further details see: