Telos Corporation

General Information
Telos Corporation offers technologically advanced, software-based security solutions that empower and protect the world’s most security-conscious organizations against rapidly evolving, sophisticated and pervasive threats. Our portfolio of security products, services and expertise empower our customers with capabilities to reach new markets, serve their stakeholders more effectively, and successfully defend the nation or their enterprise.
Our customer base consists of the U.S. federal government, large commercial businesses, state and local governments, as well as international customers. Our federal government customers include the Department of Defense (“DoD”), the Central Intelligence Agency (the (“CIA”) and multiple other agencies within the Intelligence Community (“IC”), and multiple civilian agencies, including the Department of Homeland Security (“DHS”), the U.S. Department of State (“DoS”), and the Federal Bureau of Investigation (“FBI”). Our commercial customers include Fortune 500 enterprises such as, Inc., Citigroup Inc., Microsoft Corporation, and, inc.
We expect our growth to accelerate beginning in 2021 and 2022 due to, among other factors, recent contract awards that are significant to our business: An expanded contract with a U.S. government agency for our Telos Ghost® managed intelligence support solution and contract wins under the Transportation Security Administration (“TSA”) PreCheck™ enrollment program and a program with The Centers for Medicare and Medicaid Services (“CMS”). 
(Note: The IPO was upsized at pricing: 14.97 million shares were sold at $17 each, compared with filed terms of 12.35 million shares at $16 to $18.)
Industry: Services - Software Security
Employees: 805
Founded: 1971
Contact Information
Address 19866 Ashburn Road Ashburn, Virginia 20147
Phone Number (703) 724-3800
Web Address
View Prospectus: Telos Corporation
Financial Information
Market Cap $1017.28mil
Revenues $179.6 mil (last 12 months)
Net Income $-3.3 mil (last 12 months)
IPO Profile
Symbol TLS
Exchange NASDAQ
Shares (millions): 15.0
Price range $17.00 - $17.00
Est. $ Volume $254.5 mil
Manager / Joint Managers B. Riley, Inc./ BMO Capital Markets/ Needham & Co.
CO-Managers Colliers Securities/ D.A. Davidson & Co./ Northland Capital Markets/ Wedbush Securities/ MKM Partners
Expected To Trade: 11/19/2020
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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