Is Kratos Defense & Security Solutions a Buy?

Kratos Defense & Security (NASDAQ: KTOS), despite some ups and downs, has rewarded investors in recent years, with shares up 55% in the past year and almost 140% over the past three years. It is a company full of potential, but which has so far had trouble turning that potential into profits.

Is it too late to jump on board? Let's take a deep dive into the company and see if Kratos is a buy.

A Kratos BQM-167 aerial target drone. Image source: Kratos.

Source: Fool.com