Telos Corporation provided sales guidance for the fourth quarter of 2022. For the period, the company expects sales in a range of $43 million to $47 million, representing a sequential decline from the third quarter. The midpoint of the fourth quarter revenue guide implies approximately a $19 million sequential decline, including approximately $4 million from Security Solutions and $15 million from Secure Networks.

The $4 million sequential decline in Security Solutions includes nearly $2 million of revenue on a pre-existing program that pulled forward into the third quarter and drove the guidance to be above the high end of the third quarter guidance range. The other $2 million represents a short-term slowdown on a different pre-existing program. The $15 million sequential decline in Secure Networks is primarily the result of a single program, which ended in the third quarter and will not recognize revenue in the fourth quarter.