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Wednesday, November 6, 2019
Kratos Defense & Security (KTOS)
Another Solid Quarter But Will Continuing Resolution Hit The Pause Button?
Kratos Defense & Security Solutions is a National Security technology provider with proprietary expertise in the area of unmanned aerial vehicles, electronics for missile defense systems, electronic warfare systems, satellite control and management systems and support services for emerging naval weapon systems. Commercial and state and local government revenues are about 25% of the total and comprise primarily of critical infrastructure monitoring and protection systems.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- 3Q19 Results. Kratos reported solid 3Q19 results, with quarterly revenue of $184.1 million and $20.4 million of adjusted EBITDA topping our estimates of $180 million and $17.1 million, respectively. The Unmannned segment was the driving force behind the better than expected results, with segment revenue up 37.2%.
- Follows Recent Additional Awards. hursday's announcement comes on the heels of two other unmanned awards, including a $23 million award in early August for a production run of target jet drones and a $4.8 million award in mid-August for...
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 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.