Kratos Defense & Security Solutions Announces Preliminary Fourth Quarter and Fiscal 2010 Financial Results
Schedules Fourth Quarter 2010 Earnings Conference Call for
Fourth Quarter Revenues of
Adjusted Fourth Quarter EBITDA of
Full Year 2010 Revenues of
Cash Flow Generated From Operations for FY10 of
The financial results included in this release are preliminary and unaudited.
Management will discuss the preliminary financial results in a conference call beginning at
Management will discuss the preliminary financial results in a conference call beginning at
Kratos will publish its complete financial results for the fourth quarter and fiscal 2010 after the close of market on
For the earnings call on
About
The
Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements relate to a variety of matters, including, without limitation, the Company's expectations regarding financial performance and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. For a further
discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended
Note Regarding Use of Non-GAAP Financial Measures
Certain of the information set forth herein, including adjusted EBITDA, excluding transaction and other acquisition costs and stock compensation expense, and the associated margin rates, are considered non-GAAP financial measures. Kratos believes this information is useful to investors because it provides a basis for measuring the Company's available capital resources, the operating performance of the Company's business and the Company's cash flow, excluding non-operational items and non-cash items that would normally be included in the most directly comparable measures calculated and presented in accordance with GAAP. The Company's management uses these non-GAAP financial measures along with the most directly comparable GAAP financial measures in evaluating the Company's operating performance and capital resources and cash flow. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in compliance with GAAP, and non-financial measures as reported by the Company may not be comparable to similarly titled amounts reported by other companies.
The issuer has filed a registration statement (including a prospectus) and a preliminary prospectus supplement with the
CONTACT: Press Contact:Source:Yolanda White 858-812-7302 Investor Information: 877-934-4687 investor@kratosdefense.com
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