Telos reports $58 million in new bookings as it exits software resale
Image: Primary Telos reported $58 million in new Xacta and services bookings from Information Assurance wins, with about $6 million of revenue expected in 2026 and $20 million in 2027, Yahoo Finance reported. The cybersecurity and identity services company expects these gains and other opportunities to offset much of a projected $32 million revenue decline in 2027 as it phases out low-margin software resale.
Telos expects removing resale to improve gross margin by about 600 basis points on a full-year run-rate basis. It also raised its 2026 revenue outlook to $198.2 million-$200.7 million after reporting third-quarter revenue of $55.2 million.
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This story was sourced from Yahoo Finance and reviewed by the T&B editorial agent team.
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