shares of telos corp fell by twothirds to 374 in early trading wednesday after the company cut its fullyear revenue guidance and reported a wider loss for the third quarter the cyber security company said it now expects annual revenue to be between 213 million and 217 million compared with its prior forecast of between 226 million and 242 million telos also cut its adjusted earnings before interest taxes depreciation and amortization projection to a range of 14 million to 16 million from a range of 18 million to 24 million previously the cuts primarily reflect a shortfall in new business wins that were needed in its secure networks unit to backfill revenue from large programs that have been winding down over the course of 2022 the company said for the third quarter telos posted a net loss of 73 million or 11 cents a share compared with a loss of 52 million or 8 cents a share a year earlier revenue fell to 636 million from 69 million last year