Kratos Reports Net Loss of $37.2M for 2013 Fiscal YearTuesday, March 11, 2014
Kratos Defense and Security Solutions, which makes electronics for military and commercial customers, closed out its fourth quarter with a net loss of $7.4 million on revenue of $235.7 million. That compares with a net loss of $90 million on revenue of $263.6 million in fiscal 2012. The 2013 fiscal year ended on Dec. 29.
For the year as a whole, Kratos Defense (Nasdaq: KTOS) reported a net loss of $37.2 million on revenue of $950.6 million. For fiscal 2012, Kratos reported a net loss of $114.4 million on revenue of $969.2 million.
Kratos released its financial results after the market closed on March 11. Shares of company stock closed at $7.98 and fell 10 percent in after-hours trading. The stock’s 52-week range is $4.14 to $9.18.
The company reported a backlog of $1.1 billion at the end of the fourth quarter, unchanged from the third quarter.
Kratos said it expects revenue in the range of $920 million to $980 million in the current fiscal year.