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.

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

This stock has beaten the Zacks Consensus Estimate but that didn't help earnings estimate expectations.

Bear Of The Day: Comtech Telecommunications (CMTL)

MELVILLE, N.Y.--(BUSINESS WIRE)--October 25, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, today confirmed receipt of a letter from Outerbridge Capital Management LLC and has issued the following statements: Comtech maintains regular dialogue with all investors and values their perspectives. Since June 2021, our Board and management team have attempted to engage in const

Comtech Comments on Letter From Shareholder

NEW YORK--(BUSINESS WIRE)--Outerbridge Capital Management, LLC, a beneficial owner of approximately 4.95% of Comtech Telecommunications Corp.'s (NASDAQ: CMTL) (“Comtech” or the “Company”) outstanding shares of common stock, today sent a letter to the Company's Board of Directors regarding Comtech's announcement of a $100 million investment from White Hat Capital Partners LP and Magnetar Capital LLC. The full text of the letter is below. October 25, 2021 Board of Directors Comtech Telecommunicat

Outerbridge Sends Letter to Comtech Board Criticizing Dilutive Entrenchment Maneuver

Comtech (CMTL) receives a $100 million capital infusion from investment entities, White Hat and Magnetar, to accelerate its long-term growth strategy and improve financial flexibility.

Comtech (CMTL) Growth Strategy Gets a Boost With $100M Investment

MELVILLE, N.Y.--(BUSINESS WIRE)--October 18, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today, that during its first quarter of fiscal year 2022, it launched a new cybersecurity brand, CyberStronger™. CyberStronger provides cybersecurity solutions and services tailored to threat monitoring and assessment, training, and workforce development. Offerings includ

Comtech Telecommunications Corp. Announces New Cybersecurity Solution

MELVILLE, N.Y.--(BUSINESS WIRE)--October 18, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, today announced a $100.0 million investment by current shareholder White Hat Capital Partners LP (“White Hat”), an investment firm focused on sustainable value creation in technology companies serving mission-critical applications, and Magnetar Capital (“Magnetar”), a leading alter

Comtech Announces $100 Million Strategic Growth Investment

MELVILLE, N.Y.--(BUSINESS WIRE)--October 13, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today, that during its first quarter of fiscal 2022, it was awarded $4.6 million of funding from the U.S. Army to provide ongoing system refurbishments, sustainment services and baseband equipment. This most recent order continues its sustainment of the U.S. Army's family

Comtech Telecommunications Corp. Awarded $4.6 Million in Orders from the U.S. Army for Mobile Satellite Equipment

MELVILLE, N.Y.--(BUSINESS WIRE)--October 12, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today, that during its first quarter of fiscal 2022, it was awarded $1.1 million of funding to continue to provide critical Information Technology (“IT”) staffing and support to multiple agencies within the City of Baltimore, including, but not limited to the Baltimore Ci

Comtech Telecommunications Corp. Awarded $1.1 Million of Funding to Support City of Baltimore

Comtech (CMTL) renews a contract worth $5.6 million with a U.S. tier-one mobile network operator to provide messaging application support.

Comtech (CMTL) Inks $5.6M Deal for Messaging Application Support

MELVILLE, N.Y.--(BUSINESS WIRE)--October 7, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today, that during the first quarter of its fiscal 2022, it has finalized a maintenance renewal agreement worth over $5.6 million to continue providing messaging application support for a U.S. tier-one mobile network operator. “We are pleased to continue providing support

Comtech Telecommunications Corp. Announces $5.6 Million Contract Renewal to Provide Messaging Application Support

NEW YORK--(BUSINESS WIRE)--Outerbridge Capital Management, LLC (“Outerbridge”), a beneficial owner of approximately 4.95% of Comtech Telecommunications Corp.'s (NASDAQ: CMTL) (“Comtech” or the “Company”) outstanding shares of common stock, today sent the following letter to the Company's Board of Directors: October 6, 2021 Board of Directors Comtech Telecommunications Corp. 68 South Service Road, Suite 230 Melville, New York 11747 Dear Members of the Board: Outerbridge Capital Management, LLC,

Outerbridge Sends Letter to Comtech Board of Directors

Comtech (CMTL) wins a five-year $125-million contract renewal from the federal government to supply cyber training solutions.

Comtech (CMTL) Renews $125M Deal to Provide Cyber Training

Comtech Telecommunications Corp. (CMTL) CEO Fred Kornberg on Q4 2021 Results - Earnings Call Transcript

Comtech (CMTL) delivered earnings and revenue surprises of 16.67% and -1.32%, respectively, for the quarter ended July 2021. Do the numbers hold clues to what lies ahead for the stock?

Comtech Telecommunications (CMTL) Q4 Earnings Top Estimates

Comtech has traded in a narrow range all year and looks to fall to the bottom end of that range following just-announced Q4 results. Earnings were mixed but the near-term outlook spooked the Street.

Trading The Comtech Telecommunications Earnings Dip

MELVILLE, N.Y.--(BUSINESS WIRE)--October 4, 2021 – Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported its operating results for the fourth quarter and fiscal year ended July 31, 2021. The Company also provided its initial financial targets for fiscal 2022 and announced a senior leadership transition. Fiscal 2021 Fourth Quarter Highlights Consolidated net sales for the fourth quarter of fiscal 2021 were $145.8 million, GAAP net income was $7.4 million and Adjusted EBITDA was $26.4 mi

Comtech Telecommunications Corp. Reports Strong Results for Fourth Quarter and Fiscal 2021 and Provides Initial Financial Targets for Fiscal 2022

MELVILLE, N.Y.--(BUSINESS WIRE)--October 4, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today that its President and Chief Operating Officer Michael Porcelain will become Chief Executive Officer, succeeding Fred Kornberg, by the end of calendar 2021. Mr. Porcelain will also continue as President of Comtech and join its Board of Directors. It is anticipated th

Comtech Announces Leadership Transition

Comtech Telecommunications Corp (NASDAQ: CMTL) secured a five-year single award IDIQ contract renewal with Firm Fixed Price (FFP) and Time and Materials (T&M) delivery orders in Q1 FY22 valued at $125 million from the Federal Government for the Joint Cyber Analysis Course (JCAC) Training solutions. The first delivery order on the IDIQ contract was received and funded $1.4 million to date.

Comtech Scoops $125M Multi-Year Federal Cyber Training Contract

MELVILLE, N.Y.--(BUSINESS WIRE)--October 4, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today, that during its first quarter of fiscal 2022, it was awarded a five-year single award Indefinite Delivery Indefinite Quantity (“IDIQ”) contract renewal with Firm Fixed Price (“FFP”) and Time and Materials (“T&M”) delivery orders valued at approximately $125 mill

Comtech Telecommunications Corp. Awarded $125 Million Contract for Cyber Training

MELVILLE, N.Y.--(BUSINESS WIRE)--September 28, 2021-- 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 report its fourth quarter and full year fiscal 2021 results after the market closes on Monday, October 4, 2021. The Company has scheduled an investor conference call for Monday, October 4, 2021 at 4:30 PM ET. Investors are invited to access a live web

Comtech Telecommunications Corp. to Report Fiscal 2021 Fourth Quarter and Full Year Results on October 4th

NEW YORK--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Comtech Telecommunications Corp. (NASDAQ:CMTL) concerning the Company and its directors' and officers' possible violations of state laws. If you purchased Comtech Telecommunications Corp. stock, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Tom Kennedy of GPM, 230 Park Avenue,

Glancy Prongay & Murray LLP Announces Investigation of Comtech Telecommunications Corp.

MELVILLE, N.Y.--(BUSINESS WIRE)--September 9, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL) today confirmed receipt of notice from Outerbridge Capital Management of its intention to nominate three individuals to stand for election to Comtech's Board of Directors at the Company's 2021 Annual Meeting of Stockholders, which the Board anticipates will be held in December 2021. The Company issued the following statement: Comtech's Board and management team maintain regular, open dialogue wi

Comtech Comments on Director Nominations Notice

MELVILLE, N.Y.--(BUSINESS WIRE)--August 30, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today, that during its fourth quarter of fiscal 2021, it was awarded $3.7 million of additional funding on the U.S. Army's previously announced task order award to provide ongoing system refurbishments, sustainment services and baseband equipment. This most recent funding

Comtech Telecommunications Corp. Awarded $3.7 Million in Orders from the U.S. Army for Mobile Satellite Equipment

MELVILLE, N.Y.--(BUSINESS WIRE)--August 26, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today, that during its fourth quarter of fiscal year 2021, it was awarded $2.1 million of additional funding from a major U.S. prime contractor in support of NASA's Space Launch System (“SLS”) Control System Electronics. The contract consolidates requirements for high reli

Comtech Telecommunications Corp. Awarded $2.1 Million of Funding for EEE Parts Management, Procurement and Engineering Services

REDMOND, Wash. & MELVILLE, N.Y.--(BUSINESS WIRE)-- #DoD--Kymeta, the communications company making mobile global, and Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today a technology and business development partnership. As a result, Kymeta has diversified its service offerings via network compatibility with Comtech's UHP-200 Universal Satellite Router and the Kymeta™ u8 ter

News for Comtech Telecommunications Stock (CMTL)