$Telos Corporation(TLS)$Telos Corp (NASDAQ:TLS) reported second-quarter FY22 revenue growth of 4% year-on-year to $55.8 million, missing the consensus of $76 million. Services revenue rose 2.6% Y/Y to $50.3 million.
The gross margin contracted by 450 bps to 37.5%. Adjusted EPS of $0.04 missed the consensus of $0.11.
Telos generated $5.4 million in free cash flow in the quarter and held $122.6 million in cash and equivalents.
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