Telos Corp rises on smaller-than-expected Q1 loss, revenue beat

Telos

10/05/2023 16:06

**  Shares of cybersecurity company Telos Corp  TLS.O  up
18.78% at $2.15
    ** TLS reports smaller-than-expected Q1 loss of 4 cents per
share vs analysts' estimate of 13 cents per share - Refinitiv
data
    ** Q1 rev of $35.22 mln also beats analysts' estimate of
$32.35 mln
    ** Reaffirms FY revenue guidance between $115 mln and $140
mln, mid-point above analysts' estimate of $125.11 mln
    ** TLS stock down ~60% YTD

 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.chaudhary@thomsonreuters.com))