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  "documentTitle": "Kratos Defense & Security Solutions (KTOS)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
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  "presentationDate": "2018-03-16 00:00:00",
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      "text": "Kratos management is quick to talk big revenue figures as market opportunities for projects that are speculative in nature, with a low probability of receiving permanent funding.",
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      "text": "Kratos management is quick to talk big revenue figures as market opportunities for projects that are speculative in nature, with a low probability of receiving permanent funding. Management quickly issued equity in November 2016 after leading investors to believe there were billions of dollars worth of revenue opportunities in Q3 2016. Major primes compete against Kratos too.",
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      "text": "Due to competitive considerations which are increasing, I will not be providing additional information related to Kratos' UTAP-22 at this time. However, we are making no significant additional investment in the Tornado aircraft at this time. — Kratos CEO (Q1 2016 conference call)",
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      "text": "1) Q3 2016 Earnings Call",
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      "kind": "title",
      "text": "Kratos Portfolio of Speculative Projects",
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