Monday, August 08, 2022
Kratos Defense & Security (KTOS)
When Will the Promise be Realized?
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative, affordable technology, platforms, and systems for United States National Security related customers, allies, and commercial enterprises. Kratos is changing the way breakthrough technologies for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research, and streamlined development processes. At Kratos, affordability is a technology, and we specialize in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training and combat systems and next generation turbo jet and turbo fan engine development. For more information go to www.kratosdefense.com.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
2Q22 Results. Revenue of $224.2 million, up 9.3% y-o-y, and came in above the $205-$215 million guidance. Revenue from acquisitions offset supply chain issues, staffing challenges, and a decline in the Training business. Adjusted EBITDA came in at $17.7 million, above guidance, versus $17.6 million a year ago. GAAP EPS loss was $0.04 and adjusted EPS net income was $0.07, compared to net income of $0.01 and $0.06, respectively, a year ago.
Awards Coming In. Kratos received a number of new awards, including three large space and satellite programs, new turbine engine work, and additional awards in the microwave business. The Company remains in pursuit of new awards across its multiple business lines. …
This Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.