Kratos Reports Q1 Revenues of $167.8MFriday, May 5, 2017
Kratos Defense & Security Solutions Inc. reported a net loss of $10 million, or 13 cents per share, on revenues of $167.8 million in the first quarter of 2017.
Revenues grew 9.7 percent from the same quarter of 2016.
In the year-ago quarter, Kratos (Nasdaq: KTOS) reported a net loss of $22.2 million, or 37 cents per share, on total revenues of $153.0 million.
University City-based Kratos serves military and government clients. Its first quarter ended March 26. It released its results May 4.
Three analysts polled by Zacks Investment Research had expected a net loss of 8 cents per share. The three analysts expect Kratos to break even in fiscal 2017.