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KTOS Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. develops and fields transformative, affordable technology, platforms and systems for United States National Security related customers, allies and commercial enterprises. Kratos is changing the way breakthrough technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research and streamlined development processes. At Kratos, affordability is a technology, and it specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training, combat systems and next generation turbo jet and turbo fan engine development.

Company profile

Ticker
KTOS
Exchange
CEO
Eric DeMarco
Employees
Incorporated
Location
Fiscal year end
Former names
WIRELESS FACILITIES INC
SEC CIK
Subsidiaries
5-D Systems, Inc. • Ai Metrix, Inc. • ASC Signal Corporation • ASC Signal Global Corporation • ASC Signal International Corporation • ASCS Canadian Signal Corporation • Avtec Systems, Inc. • BSC Partners, LLC • Carlsbad ISI, Inc. • Charleston Marine Containers, Inc. ...
IRS number
133818604

KTOS stock data

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Calendar

3 Aug 21
22 Oct 21
26 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 369.3M 369.3M 369.3M 369.3M 369.3M 369.3M
Cash burn (monthly) 4.77M 2.33M (positive/no burn) (positive/no burn) 333.33K (positive/no burn)
Cash used (since last report) 18.46M 9M n/a n/a 1.29M n/a
Cash remaining 350.84M 360.3M n/a n/a 368.01M n/a
Runway (months of cash) 73.6 155.0 n/a n/a 1104.0 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
21 Oct 21 Demarco Eric M Common Stock Sell Dispose S Yes Yes 22.6007 10,000 226.01K 360,300
21 Oct 21 Lund Deanna H Common Stock Sell Dispose S No Yes 22.6479 1,500 33.97K 204,275
21 Oct 21 Lund Deanna H Common Stock Sell Dispose S No Yes 22.6461 10,000 226.46K 205,775
21 Oct 21 Mendoza Marie Common Stock Sell Dispose S No Yes 22.72 1,050 23.86K 26,130
15 Oct 21 Carrai Phillip D Common Stock Sell Dispose S No Yes 22.8337 3,500 79.92K 111,017
27 Sep 21 Fendley Steven S. Common Stock Sell Dispose S No Yes 22.94 7,000 160.58K 306,883

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

84.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 234 241 -2.9%
Opened positions 34 41 -17.1%
Closed positions 41 31 +32.3%
Increased positions 72 68 +5.9%
Reduced positions 83 94 -11.7%
13F shares
Current Prev Q Change
Total value 3.23B 6.89B -53.2%
Total shares 104.69M 105.61M -0.9%
Total puts 680K 578K +17.6%
Total calls 1.09M 1.19M -8.0%
Total put/call ratio 0.6 0.5 +27.8%
Largest owners
Shares Value Change
Vanguard 11.26M $320.75M -0.9%
BLK Blackrock 9.27M $264.11M -2.4%
ARK Investment Management 8.35M $237.77M +59.2%
STT State Street 4.73M $134.74M +7.9%
Capital International Investors 4.16M $118.39M 0.0%
Bamco 4.1M $116.68M +3.5%
TROW T. Rowe Price 3.86M $109.92M -4.2%
FMR 3.43M $97.78M -32.7%
Rovida Advisors 2.71M $77.18M 0.0%
Dimensional Fund Advisors 2.7M $76.83M +0.9%
Largest transactions
Shares Bought/sold Change
ARK Investment Management 8.35M +3.1M +59.2%
ATAC Neuberger Berman 1.18M -1.8M -60.5%
FMR 3.43M -1.66M -32.7%
Fred Alger Management 646.93K -1.22M -65.4%
Nikko Asset Management Americas 2.51M +1.17M +88.3%
CMTDF Sumitomo Mitsui Trust 2.49M +1.16M +87.3%
Jane Street 31.8K -782.27K -96.1%
Fuller & Thaler Asset Management 545.03K +545.03K NEW
MS Morgan Stanley 1.16M +528.71K +84.2%
Washington Harbour Partners 0 -475.99K EXIT

Financial report summary

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Management Discussion
  • Revenues. Revenues by reportable segment for the years ended December 27, 2020 and December 29, 2019 are as follows (in millions):
  • Revenues increased $30.2 million to $747.7 million for the year ended December 27, 2020 from $717.5 million for the year ended December 29, 2019. Revenues in our KGS segment increased $4.6 million due to revenues from the recent ASC Signal acquisition, which contributed an aggregate of approximately $21.9 million, and increases in our microwave products, defense and rocket support and C5ISR businesses of approximately $17.9 million. These increases were offset by reduced revenues in our legacy services, commercial satellite and training solutions business of $36.2 million primarily reflecting the completion and rescoping of certain international and foreign military sales contracts and reductions in our commercial satellite business as a result of the completion of large foreign satellite infrastructure deployments and from impacts resulting from COVID-19. Revenues in our US segment increased $25.6 million primarily due to work performed on certain confidential drone programs, and due to contributions of approximately $2.5 million from the recent TDI and 5-D acquisitions.
  • Product sales increased $54.1 million to $499.0 million for the year ended December 27, 2020 from $444.9 million for the year ended December 29, 2019, primarily as a result of increased production activity in our US segment, increased production in our microwave products, modular systems and rocket support businesses and increases from our recent ASC Signal acquisition, offset partially by reductions in our commercial satellite and training solutions businesses. As a percentage of total revenue, product sales were 66.7% for the year ended December 27, 2020, as compared to 62.0% for the year ended December 29, 2019. Service revenues decreased by $23.9 million to $248.7 million for the year ended December 27, 2020, from $272.6 million for the year ended December 29, 2019. The decrease was primarily related to the completion or rescoping of certain international contracts in our training solutions business, reductions in our commercial space and satellite communications business primarily due to COVID-19 related travel restrictions, and reduced demand in our commercial turbine business as a result of COVID-19.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: build, forgiven

Patents

GRANT
Utility
Process of forming a metal additive manufactured part with a smooth surface
21 Sep 21
A process for forming a metal part from an additive manufacturing process with a smooth surface that includes the steps of printing the part using an AM process, heating the printed part to its solution heat treat or annealing temperature, placing the printed part in a fluidized salt bath for a short period of time to smooth a rough surface on the metal part, and then rapidly cool the heated metal part to prevent any change in grain structure.
APP
Utility
Industrial Gas Turbine Engine with First and Second Stage Rotor Cooling
8 Jul 21
An industrial gas turbine engine with first and stage turbine rotor blade cooling circuit in which the blade cooling air flows through a central passage within the rotor of the engine, flows through a space between first and second stage rotors, separates into two flows with one flow going to the first stage blades and the second flow going to the second stage blades, the two flows then collecting in a common manifold, where the spent blade cooling air flows forward through the first stage rotor and along a rotor cooling passage and into a stator cavity, where the cooling air then is discharged into a combustor.
GRANT
Utility
Process for retrofitting an industrial gas turbine engine for increased power and efficiency
22 Jun 21
A process for retrofitting an industrial gas turbine engine of a power plant where an old industrial engine with a high spool has a new low spool with a low pressure turbine that drives a low pressure compressor using exhaust gas from the high pressure turbine, and where the new low pressure compressor delivers compressed air through a new compressed air line to the high pressure compressor through a new inlet added to the high pressure compressor.
GRANT
Utility
Ceramic radial turbine
8 Jun 21
A small gas turbine engine with a ceramic turbine to allow for higher turbine inlet temperatures, where a metallic compressor is secured to a ceramic shaft extending from a ceramic turbine to form a single piece ceramic shaft and turbine, where a threaded nut secures a split ring retainer on the compressor end of the ceramic shaft.
APP
Utility
Apparatus and Process for Testing a Large Combustor Using a Caes Facility
13 May 21
An apparatus, system, and process for testing a gas turbine engine or other test object under a cold condition, such as a compressor of a gas turbine engine, a combustor of a gas turbine engine, or an afterburner of an aero gas turbine engine, using compressed air stored in an underground storage reservoir of a CAES system along with an air turbine or an air injector.