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Kratos Ends Strong Year With Solid Fourth Quarter; Sees $1 Billion Sales Potential With Prometheus

Cal Biesecker By
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Kratos Ends Strong Year With Solid Fourth Quarter; Sees $1 Billion Sales Potential With Prometheus
The Air Force Research Laboratory and Kratos Defense & Security Solutions, Inc., completed the fourth flight test of the XQ-58A Valkyrie demonstrator at Yuma Proving Grounds, Ariz., on Jan. 23, 2020. The vehicle is pictured here during a 2019 flight. (Air Force Photo)

Kratos Defense & Security Solutions [KTOS] on Wednesday reported solid fourth quarter financial results on growth across its operating segments, although bottom-line results were mixed as operating income fell but net income overall was higher after excluding a bump from non-controlling interests a year ago. Net income was up 63 percent to $3.9 million, 3 cents earnings per share (EPS), from $2.4 million (2 cents EPS) in the fourth quarter of 2023. Adjusting for taxes, interest expense, restructuring costs, stock-based…

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