Technology company

Kratos Reports First Quarter 2024 Financial Results

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화요일, 5월 7, 2024
National security, SDA, Investment, STS, TT&C, HIMAD, Earnings per share, Software, Radar, Research and development, Robotics, Iron Dome, Public expenditure, IBCS, KGS, Technology company, KUS, EPS, Acquisition, Consolidated, SRM, Adjustment, Revenue, GAAP, SAN, Arrow, Satellite, Defense, Video game

First Quarter 2024 Revenues of $277.2 Million Increased 19.6 Percent over First Quarter 2023 Revenues of $231.8 Million, including 19.5 Percent Organic Growth

Key Points: 
  • First Quarter 2024 Revenues of $277.2 Million Increased 19.6 Percent over First Quarter 2023 Revenues of $231.8 Million, including 19.5 Percent Organic Growth
    First Quarter 2024 Unmanned Systems Revenues of $59.4 Million Increased 23.8 Percent over First Quarter 2023 Revenues of $48.0 Million, including 21.8 Percent Organic Growth
    First Quarter 2024 and Last Twelve Months Ended March 31, 2024 Consolidated Book to Bill Ratio of 1.1 to 1
    SAN DIEGO, May 07, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a Technology Company in the Defense, National Security and Global Markets, today reported its first quarter 2024 financial results, including Revenues of $277.2 million, Operating Income of $7.0 million, Net Income of $1.3 million, Adjusted EBITDA of $26.0 million and a consolidated book to bill ratio of 1.1 to 1.0.
  • Kratos reported first quarter 2024 GAAP Net Income attributable to Kratos of $1.3 million and Earnings Per Share of $0.01 compared to a GAAP Net Loss attributable to Kratos of $7.0 million and a GAAP Net Loss per share of $0.05 for the first quarter of 2023.
  • Adjusted EPS was $0.11 for the first quarter of 2024, compared to $0.06 for the first quarter of 2023.
  • First quarter 2024 Revenues of $277.2 million increased $45.4 million, or 19.6 percent, from first quarter 2023 Revenues of $231.8 million.

Global Military Drone Market Expected to Reach $18 Billion By 2028 as U.S. Government Plays Crucial Role in Military Drone Industry

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화요일, 5월 7, 2024
ARK, Online, UAV, Group 1, Grumman, News, Partnership, AeroVironment, Convention (norm), RCAT, UAS, Defense, LMT, Aircraft, Lockheed Martin, Machine learning, Software, ATAK, NDAA, Special, Telephone, Radio, MANET, Ad hoc, Demonstration, SRR, Sony, Raytheon Technologies, Century, Government, Atmosphere, USD, FPV, PALM, Environment, General Atomics, Northrop Grumman, Technology company, Drone, Growth, Compound annual growth rate

According to a report from MarketsAndMarkets, the military drone market is poised to reach USD 18.2 billion by 2028, with a Compound Annual Growth Rate (CAGR) of 7.0% during the period from 2023 to 2028.

Key Points: 
  • According to a report from MarketsAndMarkets, the military drone market is poised to reach USD 18.2 billion by 2028, with a Compound Annual Growth Rate (CAGR) of 7.0% during the period from 2023 to 2028.
  • The report said: “The global race among nations to invest in drone technology has sparked a competitive environment.
  • This demand for more sophisticated drone capabilities is a key factor stimulating the expansion of the military drone market.
  • The MarketsAndMarkets report continued: “Based on operation mode, The military drone market is divided into remotely piloted, optionally piloted, and fully autonomous categories.

TalkShopLive and Rolling Stone Partner for Shoppable Livestream Concert featuring Singer/Songwriter and Oscar-Nominated Actress Kate Hudson

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수요일, 5월 8, 2024
Sale, Target, Walmart, Livestreaming, Condé Nast, Meta, Comment, CBS, Debut, Kate Hudson, Technology company, LOS, Music, Multimedia

LOS ANGELES, May 8, 2024 /PRNewswire/ -- Leading video commerce and retail media enablement platform TalkShopLive announced today that it has partnered with Rolling Stone to simulcast a special living room concert hosted by singer/songwriter and Oscar-nominated actress, Kate Hudson, whose debut album, Glorious, arrives May 17. The event marks TalkShopLive's first-ever collaboration with the storied magazine.

Key Points: 
  • Hudson announced her debut album last month, stating, "I have been writing songs my whole life and have always dreamed of putting out a record.
  • "Rolling Stone is the authority on music and entertainment features, and we are thrilled to partner with them for this special livestream concert by the incredible Kate Hudson," says TalkShopLive Co-Founder and CEO Bryan Moore.
  • The Instagram integration comes after TalkShopLive launched its Shoppable Simulcast product and first destination with Meta on Facebook.
  • Shoppable Simulcast amplifies the already expansive TalkShopLive Distribution Network by enabling sellers to connect with their customers wherever they are.

Kratos Announces New Director as Part of Ongoing Board Refresh and Augmentation Process

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수요일, 4월 3, 2024
Aviation, Sioux City, Iowa, Air force, Business, SAN, Policy, National Guard Bureau, Woman, Senior advisor, The, Military, Iowa State University, White, Airbus, Knowledge, Davis–Monthan Air Force Base, F-16, University, STEM, Atmosphere of Earth, Defense, Growth, White House Fellows, Intelligence analysis, FREEDOM, General Atomics MQ-9 Reaper, Technology company, Management

As the result of an ongoing Board augmentation and refreshment process, the Company has appointed Brigadier General (Retired) Bobbi Doorenbos to the Kratos Board of Directors, effective March 28, 2024.

Key Points: 
  • As the result of an ongoing Board augmentation and refreshment process, the Company has appointed Brigadier General (Retired) Bobbi Doorenbos to the Kratos Board of Directors, effective March 28, 2024.
  • General Doorenbos brings significant relevant and diverse experience and expertise to the Kratos Board.
  • In her nearly 25 years of distinguished military service, General Doorenbos has served in leadership positions in the White House, Headquarters Air Force, and National Guard Bureau.
  • "We are pleased to welcome General Doorenbos to the Company’s Board of Directors.

Kratos and Shield AI Conduct AI-Piloted Flights on the Kratos Tactical Firejet

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월요일, 4월 1, 2024
Aircraft, Entrepreneurship, Environment, SAN, F-16, AI, UAS, Investment, Shield AI, Defense, Valkyrie, Technology company

Having successfully flown AI pilots on five aircraft — three classes of quadcopters, the MQ-35A V-BAT, and the F-16 in fully autonomous air combat training — Shield AI’s Hivemind AI pilot has now successfully flown on and controlled the Kratos Tactical Firejet.

Key Points: 
  • Having successfully flown AI pilots on five aircraft — three classes of quadcopters, the MQ-35A V-BAT, and the F-16 in fully autonomous air combat training — Shield AI’s Hivemind AI pilot has now successfully flown on and controlled the Kratos Tactical Firejet.
  • These successful flights are a major milestone in the comprehensive integration project as Shield AI and Kratos look to ultimately productize another configuration of the Valkyrie, in this case with Shield AI’s Hivemind AI pilot.
  • It was over three years from signing the contract to flying the F-16; now, it’s less than 180 days for the Kratos Firejet.
  • The vision of portable autonomy software for military hardware has been realized, flown, and deployed by Shield AI,” said Ryan Tseng, Shield AI’s CEO and Co-Founder.

Kratos Unmanned Systems Division Self-Driving Truck Leader Follower Platoon Fleet to Be Deployed in Ohio and Indiana

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화요일, 3월 12, 2024
Partnership, SAN, Business development, Food, Kratos, Follower, Defense, Technology company, Rail transport

The Kratos Unmanned Systems Division is under contract to deploy its self-driving platooning technology later this year between Ohio and Indiana along a major trucking corridor.

Key Points: 
  • The Kratos Unmanned Systems Division is under contract to deploy its self-driving platooning technology later this year between Ohio and Indiana along a major trucking corridor.
  • The trucks were retrofitted by Kratos with self-driving technology to enable the Leader Follower Platooning operation.
  • Supply chain security is national security and using the Kratos Leader Follower Platoon is a solution that can strengthen a company’s ability to maintain jobs and secure supply chain activity as a win-win.”
    The Leader Follower Platoon consists of a human-driven Leader truck transmitting navigation and command data to a Follower truck enabled with self-driving technology.
  • The Leader Follower Platoon will be deployed with drivers from EASE Logistics who have completed an extensive and comprehensive training program conducted by Kratos.

Shield AI Conducts AI-Piloted Flights on Sixth Aircraft, the Kratos MQM-178 Firejet

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금요일, 3월 29, 2024
Aircraft, Kratos XQ-58 Valkyrie, Entrepreneurship, Environment, SAN, F-16, AI, UAS, Homeland security, Investment, Shield AI, Defense, Valkyrie, Navy, Technology company, Hive mind, Airline

SAN DIEGO, March 29, 2024 /PRNewswire/ -- Shield AI, Inc., a defense technology company building the world's best AI pilot, and Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a Technology Company in the Defense, National Security and Global Markets and an industry-leading provider of high-performance, jet-powered unmanned aerial systems (UAS), today announced the successful completion of the first phase of Shield's AI-piloted flight-testing on-board Kratos platforms as the two companies move toward productizing Shield AI's pilot for the XQ-58 Valkyrie.

Key Points: 
  • Having successfully flown AI pilots on five aircraft — three classes of quadcopters, the MQ-35A V-BAT, and the F-16 in fully autonomous air combat training — Shield AI's Hivemind AI pilot has now successfully flown on and controlled the Kratos MQM-178 Firejet.
  • These successful flights are a major milestone in the comprehensive integration project as Shield AI and Kratos look to ultimately productize another configuration of the Valkyrie, in this case with Shield AI's Hivemind AI pilot.
  • The vision of portable autonomy software for military hardware has been realized, flown, and deployed by Shield AI," said Ryan Tseng, Shield AI's CEO and Co-Founder.
  • The MQM-178 Firejet marks the sixth type of aircraft that our AI pilot Hivemind has flown.

Kratos Defense & Security Solutions, Inc. Prices Public Offering of Common Stock

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금요일, 2월 23, 2024
SAN, Truist, Prospectus, Technology company, Capital market, Suite, Telephone, RBC Capital Markets, Floor, Sale, Defense, Form, Public expenditure, Security (finance), Vesey Street

SAN DIEGO, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (“Kratos”) (NASDAQ: KTOS), a Technology Company in the Defense, National Security and Global Markets, today announced the pricing of an underwritten offering of 16,666,667 shares of its common stock at a public offering price of $18.00 per share pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (the “SEC”).

Key Points: 
  • SAN DIEGO, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (“Kratos”) (NASDAQ: KTOS), a Technology Company in the Defense, National Security and Global Markets, today announced the pricing of an underwritten offering of 16,666,667 shares of its common stock at a public offering price of $18.00 per share pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (the “SEC”).
  • The net proceeds to Kratos from the offering, after deducting underwriting discounts and commissions, are expected to be approximately $288 million.
  • Kratos has also granted the underwriters a 30-day option to purchase up to an additional 2,500,000 shares of common stock.
  • All of the shares in the offering are to be sold by Kratos.

Kratos Defense & Security Solutions, Inc. Announces Proposed Public Offering of Common Stock

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수요일, 2월 21, 2024
Attention, SAN, Truist, Prospectus, Technology company, Suite, Telephone, RBC Capital Markets, Floor, Sale, Defense, Form, Public expenditure, Security (finance), Vesey Street

The underwriters will have a 30-day option to purchase up to an additional $45,000,000 of shares of common stock from Kratos.

Key Points: 
  • The underwriters will have a 30-day option to purchase up to an additional $45,000,000 of shares of common stock from Kratos.
  • All of the shares in the offering are to be sold by Kratos.
  • The proposed offering is subject to market and other conditions.
  • The preliminary prospectus supplement and accompanying prospectus describing the terms of the proposed offering will be filed with the SEC.

TalkShopLive Launches New Instagram "Shoppable Simulcast" Feature

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월요일, 3월 4, 2024
Open Wide, LOS, Multimedia, Technology company, Friction, Partnership, Sale, Meta, Walmart, Condé Nast, Billboard, Comment, Music, Target

LOS ANGELES, March 4, 2024 /PRNewswire/ -- Leading video commerce and retail media enablement platform TalkShopLive announced today the launch of its new "Shoppable Simulcast" feature with Instagram. The product officially debuts with a livestream featuring Grammy-nominated artist, producer, songwriter, and actor Benny Blanco today at 1 p.m. Eastern. The Shoppable Simulcast featuring Blanco preparing recipes from his new cookbook and entertaining guide, titled Open Wide, will also stream in association with TalkShopLive media partner Billboard. Blanco will be featuring signed copies of his book.

Key Points: 
  • The Shoppable Simulcast featuring Blanco preparing recipes from his new cookbook and entertaining guide, titled Open Wide, will also stream in association with TalkShopLive media partner Billboard.
  • Further showcasing TalkShopLive's unique distribution, the live event will be embedded across multiple destinations, including Billboard.com and Billboard's Instagram and Facebook page, Blanco's Instagram and Facebook page, TalkShop.Live and across TalkShopLive's content distribution network.
  • The Instagram integration comes after TalkShopLive launched its Shoppable Simulcast product and first destination with Meta on Facebook.
  • Shoppable Simulcast amplifies the already expansive TalkShopLive Distribution Network by enabling sellers to connect with their customers wherever they are.