Telos posts wider Q4 loss, flags weaker FY23 sales; shares fall

Telos

16/03/2023 13:29

** Shares of cyber security co Telos Corp  TLS.O  down ~28%
at $2.3 in premarket 
    ** Flags lower FY23 sales between $115 mln and $140 mln,
down from $216.9 mln in 2022  urn:newsml:reuters.com:*:nGNX3blk1p 
    ** Records wider Q4 loss per share of $0.21 vs $0.08 last
year 
    ** Posts Q4 revenue of $47.3 mln, down from $64.1 mln a year
ago 
    ** Co projects 2023 adjusted EBITDA loss of $27-$17 mln 
    ** Stock has fallen over 37% YTD 

 (Reporting by Amna Karimi in Bengaluru)
 ((Amna.Karimi@thomsonreuters.com; +91 8083261226;))