KRATOS DEFENSE & SECURITY SOLUTIONS Reports Second Quarter Earnings Results for FY2023
August 28, 2023
☀️Earnings Overview
KRATOS DEFENSE & SECURITY SOLUTIONS ($NASDAQ:KTOS) reported their earnings results for the second quarter of FY2023 on June 30 2023, indicating a 14.6% increase in total revenue to USD 256.9 million from the same period in the prior year. Additionally, net income was USD -2.7 million compared to a loss of -4.7 million in FY2022 Q2.
Price History
The company’s stock opened up at $14.6 and closed at $14.4, representing a 1.8% decrease from its last closing price of 14.7. This was largely due to the general weakness of the market and investors’ focus on the upcoming earnings reports for the third quarter of the fiscal year. With the current market conditions, investors will be closely watching the company’s upcoming earnings report to see if it can maintain its profitability in the upcoming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for KTOS. More…
| Total Revenues | Net Income | Net Margin |
| 966.6 | -26 | -2.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for KTOS. More…
| Operations | Investing | Financing |
| 1.7 | -34 | -61.9 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for KTOS. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.56k | 602.5 | 7.41 |
Key Ratios Snapshot
Some of the financial key ratios for KTOS are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.9% | -32.6% | 0.9% |
| FCF Margin | ROE | ROA |
| -4.2% | 0.6% | 0.3% |
Analysis
At GoodWhale, we analyze the financials of KRATOS DEFENSE & SECURITY SOLUTIONS to help investors better understand the characteristics and potential returns of the company. Our Star Chart categorizes KRATOS DEFENSE & SECURITY SOLUTIONS as a ‘cheetah’ company, which implies that it has achieved high revenue or earnings growth but is considered less stable due to lower profitability. This suggests that investors looking for high growth potential may be drawn to KRATOS DEFENSE & SECURITY SOLUTIONS. In terms of sustainability, KRATOS DEFENSE & SECURITY SOLUTIONS has an intermediate health score of 4/10. This indicates that the company has a moderate ability to sustain operations in times of crisis. Additionally, KRATOS DEFENSE & SECURITY SOLUTIONS exhibits strength in asset, medium strength in growth, profitability, and weak performance in dividend. Therefore, investors looking for a higher dividend yield may not be interested in investing in KRATOS DEFENSE & SECURITY SOLUTIONS. More…
Peers
Its competitors include OHB SE, Elbit Systems Ltd, and General Dynamics Corp.
– OHB SE ($LTS:0FH7)
Manhattan Associates, Inc. (NASDAQ: MANH) is a leading supply chain software solutions company. The company’s solutions are used by retailers, wholesalers and manufacturers to manage inventory, orders and customers. The company’s solutions are used by more than 5,000 customers worldwide, including some of the world’s largest companies. Manhattan Associates is a publicly traded company with a market capitalization of $510.41 million as of 2022. The company has a return on equity of 13.17%.
– Elbit Systems Ltd ($NASDAQ:ESLT)
Elbit Systems Ltd. is an Israel-based international defense electronics company. It develops and produces a wide array of defense-related systems and products for air, land, and sea applications. The company’s products include military aircraft, Unmanned Aerial Vehicles (UAVs), ground vehicles and armor, artillery systems, night vision and electro-optic systems, intelligence gathering, surveillance and reconnaissance systems, naval systems, air defense systems, and electronics warfare systems. Elbit Systems also provides a variety of services, including training, maintenance, and technical support.
– General Dynamics Corp ($NYSE:GD)
As of 2022, General Dynamics Corporation has a market capitalization of 68.46 billion dollars and a return on equity of 15.38%. The company provides business aviation, combat vehicles, weapons systems and munitions, information technology solutions, and shipbuilding products and services worldwide. It operates through four segments: Aerospace, Combat Systems, Information Technology, and Marine Systems.
Summary
Investors may be encouraged by KRATOS DEFENSE & SECURITY SOLUTIONS’ second quarter earnings results for FY2023. Total revenue for the period increased 14.6% year-over-year to USD 256.9 million, though net income was still negative at -2.7 million, an improvement from the prior year’s Q2 loss of -4.7 million. With the company demonstrating growth in revenues and improved profitability, investors have some cause for optimism. However, they should continue to be mindful of KRATOS’ financial performance over the coming quarters to get a better sense of its long-term prospects.
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