Telos Corporation
| General Information | |
| Business: | 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 Amazon.com, Inc., Citigroup Inc., Microsoft Corporation, and salesforce.com, 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.)
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| Industry: | Services - Software Security |
| Employees: | 805 |
| Founded: | 1971 |
| Contact Information | |
| Address | 19866 Ashburn Road Ashburn, Virginia 20147 |
| Phone Number | (703) 724-3800 |
| Web Address | http://www.telos.com/ |
| 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: | Available only to Subscribers |
| Lock-Up Period Expiration Date: | Available only to Subscribers |
| SCOOP Rating | Available only to Subscribers |
| Rating Change | Available only to Subscribers |