Kratos Defense & Security Solutions Inc (NASDAQ:KTOS) reported financial results for the fourth quarter after the market close on Monday. Here’s what you need to know from the report.
- Kratos Defense & Security shares are experiencing downward pressure. Why is KTOS stock trading lower?
Kratos Exceeds Analyst Expectations In Q4
- Q4 Revenue: $345.1 million, versus estimates of $327.79 million
- Q4 Adjusted EPS: 18 cents, versus estimates of 16 cents
Total revenue was up 21.9% on a year-over-year basis. The company said it generated $12.1 million of cash flow from operations during the quarter.
Kratos reported a record backlog of $1.57 billion and a record opportunity pipeline …