Company profile

Ticker
TLSRP
Exchange
Website
CEO
John B. Wood
Employees
Incorporated in
Location
Fiscal year end
Former names
C3 Inc
SEC CIK
IRS number
520880974

TLSRP stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

15 May 20
6 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 38.98M 46.47M 45.53M 36.05M
Net income -1.46M -921K 3.72M -1.99M
Net profit margin -3.75% -1.98% 8.17% -5.53%
Operating income 403K 1.15M 5.68M -422K
Net change in cash -368K 4.96M 1.02M 555K
Cash on hand 6.38M 6.75M 1.8M 776K
Cost of revenue 26.74M 29.43M 29.22M 26.03M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 159.22M 138.02M 107.73M 134.87M
Net income -2.14M 1.74M -3.5M -3.67M
Net profit margin -1.34% 1.26% -3.25% -2.72%
Operating income 5.03M 9.01M 414K 2.11M
Net change in cash 6.68M -528K -59K 601K
Cash on hand 6.75M 72K 600K 659K
Cost of revenue 106.87M 84.95M 67.16M 91.42M

Financial data from Telos earnings reports

13F holders
Current Prev Q Change
Total holders 1 1
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 10.54M 13.29M -20.7%
Total shares 554.77K 554.77K
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Wynnefield Capital 554.77K $10.54M 0.0%
Largest transactions
Shares Bought/sold Change
Wynnefield Capital 554.77K 0 0.0%

Financial report summary

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Risks
  • Our inability to maintain sufficient access to the capital markets to provide the necessary capital to fund our operations would have a significant impact on our business.
  • A novel strain of coronavirus, COVID-19, may adversely affect our business operations and financial condition.
  • Our facilities or operations could be adversely affected by events outside of our control, such as natural disasters, wars or health epidemics.
  • Our U.S. Government contracts are subject to competitive bidding, both upon initial issuance and re-competition. If we are unable to successfully compete in the bidding process or if we fail to win re-competitions, it could adversely affect our operating performance and lead to an unexpected loss of revenue.
  • We enter into fixed-price and other contracts that could subject us to losses if we experience cost growth that cannot be billed to customers.
  • We depend on third parties in order to fully perform under our contracts and the failure of a third party to perform could have an adverse impact on our earnings.
  • The business environment in which we operate is highly competitive and may impair our ability to achieve revenue growth.
  • Our business could be negatively affected by cyber or other security threats or other disruptions.
  • If we are unable to protect our intellectual property, our revenues may be impacted adversely by the unauthorized use of our products and services.
  • If we are unable to license third-party technology that is used in our products and services to perform key functions, the loss could have an adverse effect on our revenues.
  • We are involved in a number of legal proceedings. We cannot predict the outcome of litigation and other contingencies with certainty.
  • Any potential future acquisitions, strategic investments, divestitures, mergers or joint ventures may subject us to significant risks, any of which could harm our business.
  • Weakened global economic conditions may adversely affect our industry, business, operating results and financial condition.
  • Any failure in our delivery of high-quality technical support services may adversely affect our relationships with our customers and our financial results.
  • We may lose key members of our management team, development and operations personnel, or subject matter experts, and may be unable to attract and retain employees we need to support our operations and growth.
  • If our customers do not renew their subscriptions or contracts for our solutions and services, our revenue could decline and our business may suffer.
  • If our security measures or those of our third-party data center hosting facilities, cloud computing platform providers or third-party service partners, or the underlying infrastructure of the internet are breached, and unauthorized access is obtained to a customer’s data, our data or our IT systems, or authorized access is blocked or disabled, our services may be perceived as not being secure, customers may curtail or stop using our services, and we may incur significant reputational harm, legal exposure and liabilities, or a negative financial impact.
  • Our ability to deliver our services is dependent on the development and maintenance of the infrastructure of the Internet by third parties.
  • Sales to customers outside the United States expose us to risks inherent in international operations.
  • We are subject to governmental export and import controls that could impair our ability to compete in international markets and subject us to liability if we are not in full compliance with applicable laws.
Management Discussion
  • We derive a substantial portion of our revenues from contracts and subcontracts with the U.S. Government. Our revenues are generated from a number of contract vehicles and task orders. Over the past several years we have sought to diversify and improve our operating margins through an evolution of our business from an emphasis on product reselling to that of an advanced solutions technologies provider. To that end, although we continue to offer resold products through our contract vehicles, we have focused on selling solutions and outsourcing product sales, as well as designing and delivering Telos manufactured and branded technologies.  We believe our contract portfolio is characterized as having low to moderate financial risk due to the limited number of long-term fixed price development contracts. Our firm fixed-price activities consist principally of contracts for the products and services at established contract prices. Our time-and-material contracts generally allow the pass-through of allowable costs plus a profit margin.  For 2019, 2018, and 2017, the Company’s revenue derived from firm fixed-price contracts was 82.7%, 74.9%, and 83.1%, respectively, cost-plus contracts was 8.2%, 12.9%, and 7.4%, respectively, and time-and-material contracts was 9.1%, 12.2%, and 9.5%, respectively.
Content analysis ?
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Constraining
Legalese
Litigous
Readability
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