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EX - 99.1 2 ktos202106278kexhibit991.htm EX - 99.1 KROTOS READY FOR WHAT'S NEXT ™ Press Contact : Yolanda White 858-812-7302 Direct Investor Information : 877-934-4687 investor@kratosdefense.com Exhibit 99.1 Kratos Reports Second Quarter Financial Results Second Quarter Revenues of $ 205.1 Million , Increased 20.4 percent over Second Quarter 2020 Second Quarter Unmanned Systems Segment Revenues of $ 60.3 Million , Increased 43.6 percent over Second Quarter 2020 Second Quarter KGS Segment Revenues of $ 144.8 Million , Increased 12.8 percent over Second Quarter 2020 Second Quarter 2021 Book to Bill Ratio of 0.9 to 1 Last Twelve Months Ended June 27 , 2021 Book to Bill Ratio of 1.2 to 1 SAN DIEGO , CA , August 3 , 2021 - Kratos Defense & Security Solutions , Inc. ( Nasdaq : KTOS ) , a leading National Security Solutions provider , today reported its second quarter 2021 financial results . For the second quarter of 2021 , Kratos reported Revenues of $ 205.1 million , Operating Income of $ 3.3 million , Net Income of $ 1.1 million and Adjusted EBITDA of $ 17.6 million . Included in Kratos ' second quarter 2021 Adjusted EBITDA is approximately $ 0.4 million of a negative foreign exchange impact resulting from an increased Shekel value against the U.S. Dollar in Kratos ' Israeli - based microwave business . Without this adverse transaction exchange impact , second quarter 2021 Adjusted EBITDA would have been $ 18.0 million . For the second quarter of 2021 , internally funded Research and Development expense increased $ 4.2 million over the second quarter of 2020 and increased $ 2.2 million sequentially over the first quarter of 2021 . Second quarter 2021 Revenues of $ 205.1 million increased 20.4 percent , as compared to Revenues of $ 170.4 million in the second quarter of 2020 , reflecting organic growth in Kratos ' Unmanned Systems , Space , Satellite and Cyber , Rocket Support Systems and Microwave Electronics businesses , offset partially by certain reductions , including in our Training Solutions business , resulting primarily from a previously disclosed reduction in scope of certain international contracts . Revenue grew organically 12.3 percent in the second quarter of 2021 as compared to the second quarter of 2020 , excluding the impact of the ASC Signal , TDI and 5D acquisitions which contributed approximately $ 13.8 million . Revenue grew organically 15.9 percent in the second