On Friday, Following U.S. Stocks were among the “Top Losers”: Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS), plummeted -8.26%, and closed at $5.44.

Latest NEWS regarding KTOS is depicted underneath:

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Kratos Defense & Security Solutions, Inc. (KTOS), a leading National Security Solutions provider, stated fiscal year 2014 proceeds of $868.0 million and Adjusted EBITDA of $82.2 million, or 9.5 percent of proceed. For the fourth quarter ended December 29, 2014, Kratos stated proceeds of $221.5 million, Adjusted EBITDA of $23.0 million, or 10.4 percent of proceed, and Cash Flow from Operations of $25.9 million. In fiscal 2014, proceeds for Kratos’ Government Solutions Segment (KGS), where Kratos’ customers are primarily U.S. DoD and other agencies, grew sequentially every quarter throughout the fiscal year. In the fourth quarter of 2014, Kratos received new contract awards and bookings of $320 million, generated a book-to-bill ratio of 1.4 to 1.0, and the Corporation’s funded backlog raised $129 million, up to $662 million, with total backlog increasing to $1.1 billion. For the fourth quarter of fiscal 2014, Kratos’ bid and proposal pipeline raised to $7.4 billion, counting large new program opportunities in the Unmanned System, Satellite Communication, Electronic Warfare, Missile, Radar and Command, Control, Communication, Intelligence, Surveillance and Reconnaissance areas.

In the fourth quarter of 2014, Kratos received and declared a number of large and planned contract awards and bookings, counting:

• An $81 Million Critical Infrastructure Security System Integration award
• A $72.3 Million Unmanned Aerial Target System and Technical Support award from the United States Air Force
• $40 Million in Satellite Communication System, Earth Station and Ground Equipment contract awards
• $13 Million in Helicopter Air Crew Training contract option awards
• $9 Million in Electronic Warfare, Missile and Radar System contract awards
• An $8.5 Million Airborne Communication System contract award
• $6.5 Million in Task Orders from the U.S. Army Targets Administration Office

Programs supported by Kratos in the fourth quarter of fiscal 2014 comprised of: SEWIP, EA-18G, Patriot, P-8 Poseidon, Aegis, E-2D Hawkeye, Trident, Barak, Arrow, Iron Dome, Sling of David, DDG-1000, LCS, WGS, SBIRs, AEHF, Electromagnetic Rail Gun, HATS, NYMTA and SFMTA.

For the full year and fourth quarter ended December 28, 2014, Adjusted EPS was $0.16 and $0.11, respectively. Adjusted EPS excludes non-cash amortization expenses, as the Corporation has historically been acquisitive, non-cash stock compensation costs, and certain non-recurring items such as favorable litigation related settlement credits, changes in the unused office space accrual, excess capacity and restructuring costs, contract design retrofit costs and contract conversion adjustments, costs related to pending customer change orders, non-cash charges, and the loss from extinguishment of debt, and comprises cash actually predictable to be paid for revenue taxes in order to reflect the benefit of the Corporation’s net operating loss carry-forwards of over $390 million. Kratos believes that reporting Adjusted EPS is a meaningful metric to present the Corporation’s financial results. For the full year and fourth quarter ended December 28, 2014, GAAP EPS was a loss of $0.04 and $1.35, respectively.

Kratos’ Board of Directors continues to work with an investment banking firm to assist it in formally reviewing its businesses, markets and competitive positioning and in evaluating planned alternatives, counting the potential divestment of certain of the Corporation’s businesses.

Kratos Defense & Security Solutions, Inc. (KTOS) is a specialized National Security technology business providing mission critical products, solutions and services for United States National Security. Kratos’ core capabilities are sophisticated engineering, manufacturing and system integration offerings for National Security platforms and programs.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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