Telos Corporation (NASDAQ: TLS), a provider of business IT services, is gaining new customers in the aviation industry because to its data protection solutions.
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Telos Corporation (TLS) claims that their Designated Aviation Channeling (DAC) solution is effectively maintaining and gaining new clients. So, eleven clients have renewed their subscriptions to the Telos DAC service in the last four months, and new ones have arrived, including airlines USA Jet Airlines and IFL Group.
Telos’ DAC solution is a collection of technologies that help airlines and airports meet regulators’ safety criteria. It specifically covers services for validating employee biometrics, evaluating job candidates, managing workers, regulating access to specific airport areas, and so on.
Previously, all of this labour necessitated a significant number of tables, forms, extensive data checks, and additional personnel. Telos Corporation (TLS) was among the first to create a platform that allows you to do all necessary activities through a single online interface.
Many airports in the United States, including significant international ones, already employ Telos technologies. They just extended their membership to Telos’ DAC service, which is a big plus for investors. The firm has over a hundred customers in the aviation security industry in total.
TLS has vast expertise with biometric building security and access control systems. Commercial and government entities employ Telos technologies.
Telos Corporation (TLS) anticipates sales growth of 0-7% to $226-$242 million in 2022, with adjusted EBITDA in the $18-$24 million range.
A recent spot check on the stock’s support and resistance revealed that the publicly-traded Telos Corporation (NASDAQ: TLS) shares are trading at a price close to -4.02% lower than its 90-day high. On the other hand, the stock is +42.94% away from its low in the 90-day period. More broadly, TLS’s current price is -71.11% away from 52-week high. The price is 53.21% above from its 52-week low.
