Air Force GREMLINS. DON’T GET THEM WET. Don’t get them angry. IMAGE SOURCE: DARPA.
There are no two ways about it: Kratos Defense and Security‘s (NASDAQ: KTOS) Q1 earnings report was a disaster. Sales slipped only 3% year over year, but the company failed to earn any profit at all, instead losing $0.37 per share, a 32% bigger loss than in last year’s Q1.