Kratos Reports Fourth Quarter and Full Year 2019 Financial Results
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Kratos Defense (KTOS) Misses Q4 EPS by 1c, Revenues Miss; Offers Q1 Revenue Guidance Below Consensus
February 24, 2020 4:03 PM ESTKratos Defense (NASDAQ: KTOS) reported Q4 EPS of $0.09, $0.01 worse than the analyst estimate of $0.10. Revenue for the quarter came in at $185.1 million versus the consensus estimate of $197.34 million.
Eric DeMarco, Kratos President and CEO, said, Over the past few months, Kratos Unmanned Systems business made important progress, including the successful initial flight of the Gremlin UAS, the fourth successful flight of the Valkyrie and tactical UAS system payload integration, missionizing and operational planning now underway. Though the three-month Continuing Resolution Authorization (CRA) that began the 2020 fiscal year, along with the now addressed Valkyrie recovery system... More
