Kratos reports 4Q profit

SAN FRANCISCO – Defense contractor Kratos Defense & Security Solutions Inc. reported a fourth-quarter profit Thursday.

Kratos shares fell 86 cents, or 6 percent, to $13.35. In the past year, they have traded between $6.01 and $14.56.

For the quarter that ended Dec. 27, Kratos earned $400,000, or 2 cents per share. In the same period a year earlier, it recorded a loss of $109.8 million, or $10.36 per share, including a $105.8 million charge reflecting a drop in value of its intangible assets paperless payday loans.

Kratos’ revenue rose 3 percent to $75.2 million, with government solutions revenue rising 5 percent to $67.7 million.

For the full year, Kratos reported a loss of $41.5 million, or $2.99 per share, compared with a loss of $111.1 million, or $11.95 per share, in 2008.

Full-year revenue rose 17 percent in 2009 to $334.5 million.

Kratos reports 4Q profit

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