Comtech Telecommunications

Comtech Telecommunications Corp. engages in the provision of emergency systems and wireless and satellite communications. It operates through Satellite and Space Communication and Terrestrial and Wireless Networks segments. The Satellite and Space Communication segment offers satellite ground station technologies, services and system integration that facilitate the transmission of voice, video, and data over GEO, MEO, and LEO satellite constellations, including solid-state and traveling wave tube power amplifiers, modems, VSAT platforms and frequency converters. The Terrestrial and Wireless Networks segment provides SMS Text to 911 services, providing alternate paths for individuals who need to request assistance (via text messaging) method to reach Public Safety Answering Points. The company was founded in 1967 and is headquartered in Melville, NY.

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Comtech reports sequential revenue and EBITDA growth, anticipates improved margins

Comtech's Q3 performance showed revenue and adjusted EBITDA improvement, with a focus on meeting or exceeding guidance. While facing challenges in lower margin backlog, the company is optimistic about better margins in fiscal year 2024 and anticipates stronger bookings profile in Q4, particularly with U.S. government spending.

Comtech Telecommunications reports strong Q2 earnings and innovation focus

Comtech Telecommunications delivered strong Q2 2023 results, focusing on operational efficiency, innovation, and profitability. While supply chain challenges persist, the company is effectively managing a backlog above $700 million.
Strategic initiatives like EVOKE and One Comtech transformation are driving growth and enhancing decision-making. The decision to forego a common stock dividend showcases a commitment to long-term success and financial flexibility.
With a proactive approach to expanding margins, reducing leverage, and investing in growth opportunities, Comtech is well-positioned for future success. Leveraging its strong government relationships and innovation focus, the company aims to drive sustained growth.

Comtech reports strong Q3 earnings, eyes margin improvement strategies

Comtech's Q3 performance showed growth in net sales and bookings, meeting investor guidance.
The company is focused on margin improvement through supply chain optimization and cost reduction plans.
Strategic technology investments and emerging contracts present opportunities for revenue growth.
Challenges include managing backlog, cash flow, and addressing analyst inquiries on margins.

Comtech Telecommunications excels in Q4, eyes growth amid challenges

Comtech Telecommunications delivered strong financial results in Q4 2023, driven by revenue growth, margin expansion, and major contract wins, showcasing operational excellence and strategic success.
While facing challenges such as market volatility and margin improvement targets, Comtech's focus on innovation, efficiency, and customer-centric solutions positions it well for future growth and value creation.
With a clear roadmap for growth, ongoing transformation initiatives, and a commitment to shareholder value, Comtech is poised to capitalize on opportunities and navigate challenges in the evolving telecommunications landscape.

Comtech Telecommunications reports strong Q1 earnings and strategic wins

Comtech Telecommunications reported strong financial performance with revenue growth, positive operating income, and notable contract wins, reflecting progress in the One Comtech transformation.
The company's focus on operational enhancements, financial management, and strategic decisions positions it well for growth opportunities in the telecommunications sector.
While facing challenges in refinancing and operational integration, Comtech can leverage opportunities in next-gen 911 services, strategic wins, and financial optimization for sustained growth.
Overall, Comtech's Q1 2024 earnings call highlights its competitive positioning, growth potential, and strategic initiatives to drive performance and capitalize on market opportunities.

Comtech Telecommunications reports growth in Q2 2024 earnings and contract wins

Comtech Telecommunications delivered a solid performance in Q2 2024, with improved net sales and adjusted EBITDA, driven by operational enhancements and key contract wins. Despite challenges in net sales timing, the company remains optimistic about its financial outlook for fiscal 2024, supported by a strong backlog and revenue visibility.

Comtech Completes Refinancing, Focuses on Operational Efficiency

Comtech Telecommunications has navigated a challenging quarter with a strategic refinancing that positions it for future stability and growth. Despite a dip in net sales, the company's leadership is optimistic about resolving production and supply chain issues and capitalizing on substantial contracts to drive performance improvements.

Comtech Telecommunications faces Q4 challenges, eyes profitable growth strategies

Comtech Telecommunications Corp. faced challenges in Q4 2024 due to margin pressures and delayed military sales orders, prompting a transformation strategy for profitable growth.
Despite these challenges, the company achieved a record funded backlog and made progress in reducing unbilled receivables, reflecting strong demand and improved financial management.
Opportunities exist in transitioning development projects into production, streamlining operations, and identifying strategic alternatives for the terrestrial business to enhance profitability and efficiency.
Emphasis on transparency through Q&A sessions and operational improvements signal a proactive approach to addressing investor concerns and driving sustainable growth.

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Comtech Telecommunications Corp. engages in the provision of emergency systems and wireless and satellite communications. It operates through Satellite and Space Communications and Terrestrial and Wireless Networks segments. The Satellite and Space Communication segment offers satellite ground station technologies, services and system integration that facilitate the transmission of voice, video, and data over GEO, MEO, and LEO satellite constellations, including solid-state and traveling wave tube power amplifiers, modems, VSAT platforms and frequency converters. The Terrestrial and Wireless Networks segment provides SMS Text to 911 services, providing alternate paths for individuals who need to request assistance method to reach Public Safety Answering Points. The company was founded in 1967 and is headquartered in Chandler, AZ.

Comtech Telecommunications Corp. (CMTL) CEO Michael Porcelain on Q2 2022 Results - Earnings Call Transcript

Comtech (CMTL) delivered earnings and revenue surprises of -535.71% and 3.87%, respectively, for the quarter ended January 2022. Do the numbers hold clues to what lies ahead for the stock?

Comtech Telecommunications (CMTL) Reports Q2 Loss, Lags Revenue Estimates

MELVILLE, N.Y.--(BUSINESS WIRE)--March 10, 2022 -- Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, today announced its second quarter fiscal 2022 financial results and updated its fiscal 2022 financial targets. Comtech announced results and updated financial targets in a new investment letter format that it intends to use for quarterly communications. The letter is designed to pr

Comtech Telecommunications Corp. Announces Results for its Second Quarter of Fiscal 2022 and Updates Fiscal 2022 Financial Targets

MELVILLE, N.Y.--(BUSINESS WIRE)--March 7, 2022-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today, that its new SmartResponse™ solution is now designated “RapidSOS Ready.” RapidSOS is an emergency-response data platform that securely links life-saving data directly to emergency service providers and first responders. SmartResponse™ is a cloud-native solution that c

Comtech Partners with RapidSOS to Provide Life-Saving Data to 911 Agencies Across the United States

MELVILLE, N.Y.--(BUSINESS WIRE)--March 3, 2022-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, today announced that it will report its second quarter of fiscal 2022 results after the market closes on Thursday, March 10, 2022. The Company has scheduled an investor conference call for Thursday, March 10, 2022 at 4:30 PM ET. Investors are invited to access a live webcast of the co

Comtech Telecommunications Corp. to Report Second Quarter of Fiscal 2022 Results on March 10th

MELVILLE, N.Y.--(BUSINESS WIRE)--January 31, 2022--Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, today unveiled Comtech ELEVATE™, a breakthrough next generation Very Small Aperture Terminal (“VSAT”) technology solution. Designed to meet the evolving communications demands of a broad range of markets, Comtech ELEVATE™ is an all-inclusive highly intelligent, modular platform capa

Comtech Unveils Breakthrough Next Generation ELEVATE™ VSAT Platform

MELVILLE, N.Y.--(BUSINESS WIRE)--January 27, 2022-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today that, in keeping with generational renewal cycles occurring across its core businesses, Comtech has established two business units focused on exploiting long-term and growing business opportunities in the satellite ground station market. These two new business units

Comtech Debuts New Satellite-Focused Business Lines

MELVILLE, N.Y.--(BUSINESS WIRE)--January 25, 2022 -- Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today that the Company's Board of Directors has unanimously rejected the unsolicited proposal to acquire Comtech received from Acacia Research Corporation (Acacia) on October 29, 2021. The Comtech Board of Directors, including the recently appointed members, carefully ev

Comtech Telecommunications Corp. Board Unanimously Rejects Unsolicited Offer From Acacia Research Corporation

MELVILLE, N.Y.--(BUSINESS WIRE)--January 10, 2022-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today that it will present at the Sidoti Winter Virtual Investor Conference on Wednesday, January 19, 2022 at 8:30 am ET. Comtech management will provide an overview of the Company and its business opportunities. The Company will also conduct virtual one-on-one meetings w

Comtech Telecommunications Corp. to Present at Sidoti Winter Virtual Investor Conference

Comtech (CMTL) appoints Michael Porcelain as the chief executive officer and a member of the board of directors. It also appoints Wendi Carpenter and Mark Quinlan as independent directors.

Comtech (CMTL) Rejigs Leadership, Spurs Long-Term Growth Strategy

MELVILLE, N.Y.--(BUSINESS WIRE)--January 3, 2022-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, today announced that, as previously planned, it has appointed Michael Porcelain Chief Executive Officer as of December 31, 2021, and a member of the Board of Directors, effective January 3, 2022. Mr. Porcelain, who will also remain President of Comtech, succeeds Fred Kornberg, who w

Comtech's Michael Porcelain Becomes Chief Executive Officer and New Independent Directors Join the Board

MELVILLE, N.Y.--(BUSINESS WIRE)--December 17, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, today convened and then adjourned its Annual Meeting of Stockholders without conducting any other business. As a result of the Company's cooperation agreement with Outerbridge Capital Management, under which both parties will support a unified slate of directors and Outerbridge wi

Comtech Announces Adjournment of Annual Meeting of Stockholders

MELVILLE, N.Y.--(BUSINESS WIRE)--December 16, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, today announced that it and Outerbridge Capital Management, LLC (“Outerbridge”) have entered into a cooperation agreement with respect to the Company's Board of Directors, under which both parties support a unified slate of directors and Outerbridge withdraws its nomination notice

Comtech and Outerbridge Agree to Unified Slate of Directors

NEW YORK--(BUSINESS WIRE)--Outerbridge Capital Management, LLC (“Outerbridge”), a beneficial owner of approximately 4.9% of Comtech Telecommunications Corp.'s (NASDAQ: CMTL) (“Comtech” or the “Company”) outstanding shares of common stock, today announced that leading proxy advisory firm Glass, Lewis & Co. (“Glass Lewis”) has joined Institutional Shareholder Services Inc. (“ISS”) in recommending that shareholders vote on the WHITE proxy card for the election of Outerbridge director candidate

Glass Lewis Joins ISS in Supporting Outerbridge's Case for Change at Comtech

MELVILLE, N.Y.--(BUSINESS WIRE)--December 13, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, today issued the below letter to shareholders reiterating its recommendation to vote the BLUE proxy card FOR Comtech's highly qualified director nominees, Judy Chambers and Larry Waldman. The full text of the letter follows: PROTECT THE VALUE OF YOUR INVESTMENT BY VOTING THE ENCLO

Comtech Urges Stockholders to Vote Today on the BLUE Proxy Card for All of Comtech's Nominees

NEW YORK--(BUSINESS WIRE)--Outerbridge Capital Management, LLC (“Outerbridge”), a beneficial owner of approximately 4.9% of Comtech Telecommunications Corp.'s (NASDAQ: CMTL) (“Comtech” or the “Company”) outstanding shares of common stock, today commented on the Company's 2022 first quarter earnings results issued on December 9, 2021. Outerbridge believes that the quarterly results further underscore the dramatic and urgent need for both its highly qualified director candidates – Wendi Carpenter

Comtech's Recent Disappointing Results Reaffirm Urgency of Electing Both Outerbridge Nominees to Company's Board

Comtech Telecommunications Corp. (CMTL) CEO Fred Kornberg on Q1 2022 Results - Earnings Call Transcript

Comtech Telecom (NASDAQ:CMTL) reported its Q1 earnings results on Thursday, December 9, 2021 at 04:00 PM. Here's what investors need to know about the announcement.

Comtech Telecom: Q1 Earnings Insights

MELVILLE, N.Y.--(BUSINESS WIRE)--December 9, 2021– Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported its financial results for the first fiscal quarter ended October 31, 2021 and reconfirms its financial targets for fiscal 2022. Fiscal 2022 First Quarter Highlights Consolidated net sales for the first quarter of fiscal 2022 were $116.8 million, GAAP net loss was $6.0 million and Adjusted EBITDA was $5.5 million. Both net sales and Adjusted EBITDA exceeded Comtech's expectations. Co

Comtech Telecommunications Corp. Announces Results for Its Fiscal 2022 First Quarter and Reconfirms Its Financial Targets for Fiscal 2022

NEW YORK--(BUSINESS WIRE)--Outerbridge Capital Management, LLC (“Outerbridge”), a beneficial owner of approximately 4.9% of Comtech Telecommunications Corp.'s (NASDAQ: CMTL) (“Comtech” or the “Company”) outstanding shares of common stock, today issued the following statement refuting the blatant and reckless falsehoods that Comtech has been perpetuating about Outerbridge's nominees for the Company's Board of Directors (the “Board”). Outerbridge has nominated two highly qualified director candid

Outerbridge Sets the Record Straight on Independent Nominees for Comtech Board

MELVILLE, N.Y.--(BUSINESS WIRE)--December 8, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, today announced that during its first quarter of fiscal 2022, it was awarded an order approximating $2.0 million from Intellian, a leading global maritime satellite communication antenna systems provider. The order calls for Comtech to deliver C-Band and Ku-Band Low Power Outdoor B

Comtech Telecommunications Corp. Awarded $2.0 Million Satellite Ground Station Equipment Order from Intellian Technologies

MELVILLE, N.Y.--(BUSINESS WIRE)--December 7, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, today issued a statement in response to a report by Institutional Shareholder Services (“ISS”) regarding the election of directors to Comtech's Board of Directors at the Company's upcoming 2021 Annual Meeting of Stockholders: ISS correctly recognizes the transformative actions Comt

Comtech Comments on ISS Report

NEW YORK--(BUSINESS WIRE)--Outerbridge Capital Management, LLC (“Outerbridge”), a beneficial owner of approximately 4.9% of Comtech Telecommunications Corp.'s (NASDAQ: CMTL) (“Comtech” or the “Company”) outstanding shares of common stock, today announced that leading proxy advisory firm Institutional Shareholder Services (“ISS”) has recommended that shareholders vote on the WHITE proxy card for Outerbridge director candidate Sidney “Sid” Fuchs for election to the Comtech Board of Directors (the

ISS Supports Outerbridge's Case for Change at Comtech

MELVILLE, N.Y.--(BUSINESS WIRE)--December 6, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL) (“Comtech” or “the Company”), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, today announced that it has filed a presentation containing supplemental investor information with the Securities and Exchange Commission (“SEC”) regarding false, misleading and incorrect statements contained in an Outerbridge Capital Management present

Comtech Corrects the Record About Outerbridge's Latest False Information

MELVILLE, N.Y.--(BUSINESS WIRE)--December 3, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, today announced that it will report its first quarter of fiscal 2022 results after the market closes on Thursday, December 9, 2021. The Company has scheduled an investor conference call for Thursday, December 9, 2021 at 4:30 PM ET. Investors are invited to access a live webcast of

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