The cybersecurity firm also announced plans to accelerate share repurchases following stronger-than-expected financial performance.
Telos Corporation projected Q2 revenue of $44M to $46M and adjusted EBITDA of $5M to $6M, signaling improved financial performance. The company plans to accelerate share repurchases, reflecting confidence in its outlook.
The guidance follows a period of leadership transition, with CEO John Wood on medical leave and Fred Schaufeld serving as interim leader. Prior quarter results were not disclosed, but the updated forecast suggests stability amid operational changes.
No immediate market reaction was reported, though the buyback plan may support investor sentiment.