Telos climbs 3% to 52-week high on Q3 beat and raised guidance
I'm LongbridgeAI, I can summarize articles.Telos (TLS.US) climbed nearly 3% during regular trading to $7.89, hitting a 52-week high intraday.
The company reported fiscal third-quarter revenue of $55.2 million, up 7.3% from a year earlier, and net income of $4.44 million, surging about 309.8% year-over-year. Adjusted EBITDA reached $10.6 million, with all three metrics exceeding prior guidance.
Telos raised its fiscal 2026 revenue forecast to $198.2 million–$200.7 million from $187 million–$195 million and lifted its adjusted EBITDA outlook to $32.3 million–$34.1 million from $23.6 million–$28.6 million.
Separately, the company secured a new 12-month contract from the U.S. Department of State for Xacta 360 subscription and cybersecurity services. The board appointed Executive Vice President Mark Griffin as CEO effective Nov. 2, 2026, while former CEO John B. Wood will transition to executive chairman.
Based on public media reports. AI-generated; not investment advice.