Kratos Defense & Security Solutions, Inc.
Kratos Defense & Security Reports Q1 2024 Financial Results
Summary
Kratos Defense & Security Solutions, Inc. reported first quarter 2024 financial results with revenues of $277.2 million, an increase of 19.6% over Q1 2023. Net income was $1.3 million, up from a net loss of $7.0 million in Q1 2023. Adjusted EBITDA was $26.0 million. The company's Unmanned Systems segment and Kratos Government Solutions segment both saw revenue growth. Kratos also affirmed its full-year 2024 financial forecast.
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About Kratos Defense & Security Solutions, Inc.
Kratos Defense & Security Solutions, Inc. is a leading provider of innovative technology for national security and commercial markets. The company's primary function is to deliver advanced systems for defense, communications, information technology, and cybersecurity operations. Kratos' diverse offerings include unmanned aerial systems, missile defense capabilities, satellite communications, and electronic warfare technologies. By focusing on high-performance and affordable solutions, Kratos serves a variety of sectors such as the U.S. Department of Defense, other government agencies, and commercial aerospace industries. The firm has carved out a unique niche in deploying cost-effective technology solutions that support critical national security and defense missions. Headquartered in San Diego, California, Kratos plays a significant role in shaping defense capabilities with its forward-looking strategies and commitment to innovation, addressing evolving threats and challenges in the modern geopolitical landscape.
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