Every material Form 8-K Kratos Defense & Security Solutions filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Kratos reported third quarter 2024 revenue of $275.9 million, up from $274.6 million a year earlier, and GAAP net income of $3.2 million, or $0.02 per share, compared with a net loss of $1.6 million in the prior-year quarter. Operating income, Adjusted EBITDA and Adjusted EPS were lower than a year earlier, and the company affirmed its full year 2024 financial forecast.
Q3 2024 revenue was $275.9 million versus $274.6 million in Q3 2023; Unmanned Systems revenue rose to $64.2 million from $56.7 million.
GAAP net income attributable to Kratos was $3.2 million ($0.02 per share), compared with a $1.6 million loss ($0.01 per share) in Q3 2023.
Operating income was $6.5 million versus $12.2 million, and Adjusted EBITDA was $24.6 million versus $27.7 million; Adjusted EPS was $0.11 versus $0.12.
Full year 2024 guidance was affirmed, with revenue of $1,125 million to $1,150 million; the company will provide 2025 guidance with its fiscal 2024 results in late February 2025.
Kratos Defense & Security Solutions disclosed that director Daniel Hagen resigned from its board and all related committees, effective immediately. The company said the resignation was not due to any disagreement with the company on its operations, policies or practices.
Daniel Hagen informed the board of his decision to resign on October 2, 2024
Resignation covers the board seat and all related board committees, effective immediately
Company states the resignation is not the result of a disagreement or dispute on operations, policies or practices
Kratos Defense & Security Solutions reported second quarter 2024 revenue of $300.1 million, up 16.8% from $256.9 million a year earlier, and GAAP net income attributable to Kratos of $7.9 million, or $0.05 per share, compared with a net loss of $2.7 million, or $0.02 per share, in the second quarter of 2023. The company affirmed its full year 2024 revenue guidance of $1,125 million to $1,150 million and gave initial third quarter revenue guidance of $265 million to $280 million.
Q2 2024 revenue $300.1 million, up from $256.9 million; Unmanned Systems revenue $85.8 million, up 64.7%
Q2 2024 Adjusted EBITDA $29.9 million, compared with $21.6 million in Q2 2023
Full year 2024 revenue guidance of $1,125 million to $1,150 million affirmed; Q3 2024 revenue guidance $265 million to $280 million
Q2 2024 operating cash flow was negative $2.7 million; consolidated backlog was $1.303 billion at June 30, 2024
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Kratos Defense & Security Solutions filing is on SEC EDGAR ↗. 8-K briefs of other companies →