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.

MELVILLE, N.Y.--(BUSINESS WIRE)--December 8, 2020--Comtech Telecommunications Corp. (NASDAQ: CMTL), a world leader in secure and highly reliable location, public safety, navigation, and communication technologies, announced today, that during its first quarter of fiscal 2021, Comtech Solacom Technologies, Inc., a division of Comtech's Commercial Solutions segment, was awarded a Next Generation 911 (“NG911”) services contract from the 9-1-1 Association of Central Oklahoma Governments (“ACOG”). T

Comtech Telecommunications Corp. Awarded $3.8 Million Contract with the 9-1-1 Association of Central Oklahoma Governments

MELVILLE, N.Y.--(BUSINESS WIRE)--December 7, 2020-- Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that its Mission-Critical Technologies group, which is part of Comtech's Government Solutions segment, through its Maryland-based subsidiary, Comtech Mobile Datacom Corporation, was awarded $2.1 million of additional funding for Option Year 3 of contract GS03Q17DSC0002, of which $1.0 million was awarded in the first quarter of fiscal 2021. The overall funded value of the contract,

Comtech Receives $2.1 Million of Additional Funding to Support the U.S. Army's Blue Force Tracking System

MELVILLE, N.Y.--(BUSINESS WIRE)--December 4, 2020-- Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today, that during its first quarter of fiscal year 2021, its Mission-Critical Technologies group, which is part of Comtech's Government Solutions segment, was awarded $2.6 million in additional orders from the Federal Government for its Joint Cyber Analysis Course (“JCAC”) Training solutions. The $68.0 million contract has been funded $65.6 million to date. “We are pleased, as these mo

Comtech Telecommunications Corp. Awarded $2.6 Million in Orders for Cyber Training

MELVILLE, N.Y.--(BUSINESS WIRE)--December 3, 2020-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a world leader in secure and highly reliable location, public safety, navigation and communication technologies, announced today, that during its first quarter of fiscal 2021, Comtech Solacom Technologies, Inc., a division of Comtech's Commercial Solutions segment, was awarded a Next Generation emergency communications contract from an Asia-Pacific country. The contract includes multiple support

Comtech Telecommunications Corp. Awarded a $2.0 Million Contract for an Asia-Pacific Next Generation Emergency Communication System

MELVILLE, N.Y.--(BUSINESS WIRE)--December 2, 2020 -- Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading provider of products, systems and services for advanced communications solutions, today announced that it will report its first quarter of fiscal 2021 results after the market closes on Wednesday, December 9, 2020. The Company has scheduled an investor conference call for Wednesday, December 9, 2020 at 4:30 PM ET. Investors are invited to access a live webcast of the conference call f

Comtech Telecommunications Corp. to Report First Quarter of Fiscal 2021 Results on December 9th

MELVILLE, N.Y.--(BUSINESS WIRE)--December 2, 2020-- Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that during its first quarter of fiscal 2021, its Tempe, Arizona-based subsidiary, Comtech EF Data Corp., which is part of Comtech's Commercial Solutions segment, received $1.0 million in delivery orders in support of a previously awarded $58.8 million indefinite delivery/indefinite quantity (“IDIQ”) contract from the U.S. Naval Information Warfare Systems Command. Funded orders r

Comtech Telecommunications Corp. Receives $1.0 Million in Delivery Orders for Satellite Earth Station Equipment

MELVILLE, N.Y.--(BUSINESS WIRE)--November 30, 2020-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a world leader in secure and highly reliable location, public safety, navigation and communication technologies, announced today, that during its first quarter of fiscal 2021, Comtech Solacom Technologies, Inc., a division of Comtech's Commercial Solutions segment, was awarded a Next Generation 911 (“NG911”) services contract from the City of Edmonton. The $2.4 million contract value includes o

Comtech Telecommunications Corp. Awarded City of Edmonton Next Generation 911 Contract Valued At $2.4 Million

MELVILLE, N.Y.--(BUSINESS WIRE)--November 27, 2020-- Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that it will present at the Diamond Equity Research 2020 Virtual Emerging Growth Invitational on Tuesday, December 1, 2020 at 3:00 pm ET. Comtech management will provide an overview of the Company and its business opportunities and take questions from participants. Investors can register at https://www.diamondequityresearch.com/conferences. The presentation will be available usin

Comtech Telecommunications Corp. to Present at Diamond Equity Research 2020 Virtual Emerging Growth Invitational

MELVILLE, N.Y.--(BUSINESS WIRE)--November 23, 2020 -- Comtech Telecommunications Corp. (NASDAQ: CMTL), a world leader in secure and highly reliable location, public safety, navigation and communication technologies, announced that its Safety & Security Technologies group, which is part of Comtech's Commercial Solutions segment, was awarded a statewide contract valued up to $175.1 million to design, deploy, and operate Next Generation 9-1-1 (“NG9-1-1”) services for the Commonwealth of Pennsy

Comtech Awarded $175.1 Million Contract for Statewide Next Generation 9-1-1 Technologies and Services

MELVILLE, N.Y.--(BUSINESS WIRE)--November 19, 2020 -- Comtech Telecommunications Corp. (NASDAQ: CMTL), a world leader in secure and highly reliable location, public safety, navigation, and communication technologies, announced today that its Location Technologies group, a division of Comtech's Commercial Solutions segment, has finalized a multi-million dollar upgrade contract during the first quarter of fiscal 2021 for various location-based services (“LBS”) with a tier-one mobile network opera

Comtech Telecommunications Corp. Awarded Five-Year Multi-Million Dollar Upgrade with Saudi Telecom Company

MELVILLE, N.Y.--(BUSINESS WIRE)--November 9, 2020--Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that its Mission-Critical Technologies group, through its Maryland-based subsidiary, Comtech Mobile Datacom Corporation, which is part of Comtech's Government Solutions segment, has completed participation in the U.S. Army's 2020 Network Modernization Exercise (“NetModX”) at Joint Base McGuire-Dix-Lakehurst in New Jersey. Observers noted that the Comtech BFT equipment performed wel

Comtech Telecommunications Corp. Completes Participation in U.S. Army's Network Modernization Exercise

MELVILLE, N.Y.--(BUSINESS WIRE)--November 3, 2020-- Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that its Mission-Critical Technologies group, which is part of Comtech's Government Solutions segment, received $2.8 million in additional orders from the Federal Government for its Joint Cyber Analysis Course (“JCAC”) Training solutions. The $68.0 million contract has been funded $63.0 million to date. “We are pleased that our Federal Government customers recognize the value of o

Comtech Telecommunications Corp. Receives $2.8 Million in Orders for Cyber Training

MELVILLE, N.Y.--(BUSINESS WIRE)--October 28, 2020-- Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that during its first quarter of fiscal year 2021, its Mission-Critical Technologies group, which is part of Comtech's Government Solutions segment, was awarded $2.7 million of additional funding on a previously announced three-year $124.2 million contract to provide ongoing sustainment services and baseband equipment. The contract has been funded $105.7 million to date. “Comtech

Comtech Telecommunications Corp. Awarded $2.7 Million in Orders from U.S. Army for Mobile Satellite Equipment

MELVILLE, N.Y.--(BUSINESS WIRE)--October 22, 2020--Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that during its first quarter of fiscal 2021, its Tempe, Arizona-based subsidiary, Comtech EF Data Corp., which is part of Comtech's Commercial Solutions segment, received a $1.5 million order for Single Channel Per Carrier (“SCPC”) satellite modems from a Tier 1 defense contractor. The satellite modems will be utilized by a defense entity to upgrade and expand its existing network

Comtech Telecommunications Corp. Receives $1.5 Million Satellite Modem Order

MELVILLE, N.Y.--(BUSINESS WIRE)--October 19, 2020-- Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that during its first quarter of fiscal 2021, its Tempe, Arizona-based subsidiary, Comtech EF Data Corp., which is part of Comtech's Commercial Solutions segment, received a $1.0 million order for satellite ground station equipment from the largest telecommunications company in Africa. The order specified the Heights™ Networking Platform and complementary Block Up Converters. The

Comtech Telecommunications Corp. Receives $1.0 Million Satellite Ground Station Equipment Order from Africa's Largest Mobile Network Operator

MELVILLE, N.Y.--(BUSINESS WIRE)--October 15, 2020-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a world leader in secure and highly reliable location, public safety, navigation, and communication technologies, announced today that its Location Technologies group, a division of Comtech’s Commercial Solutions segment, has obtained re-certification of its ISO 9001:2015 designation. The ISO 9001 standard certification is used by organizations to demonstrate their ability to consistently provid

Comtech Achieves Key ISO 9001:2015 Re-Certification for Location Technologies

MELVILLE, N.Y.--(BUSINESS WIRE)--October 15, 2020 -- Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that during its first quarter of fiscal 2021, its Mission-Critical Technologies group, which is part of Comtech’s Government Solutions segment, was awarded $2.6 million of additional funding on a previously announced $223.4 million contract to provide Very Small Aperture Terminals (“VSATs”) to support the U.S. Army. The contract has been funded $217.6 million to date. “Comtech ha

Comtech Telecommunications Corp. Awarded $2.6 Million Additional Funding from U.S. Army

MELVILLE, N.Y.--(BUSINESS WIRE)--October 14, 2020-- Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that its Tempe, Arizona-based subsidiary, Comtech EF Data Corp., which is part of Comtech's Commercial Solutions segment, received an aggregate of $1.7 million in orders for Up and Down Frequency Converters and Low Noise Amplifiers (“LNAs”) from a large government entity in Asia. After a competitive request for proposal process and vendor evaluation, the government entity selected

Comtech Telecommunications Corp. Receives $1.7 Million in Orders from Government Entity in Asia

MELVILLE, N.Y.--(BUSINESS WIRE)--October 13, 2020-- Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that its Mission-Critical Technologies group, which is part of Comtech’s Government Solutions segment, received additional funding of $5.9 million on its previously announced contract to provide the U.S. Army with global field support services for military satellite communication (“SATCOM") terminals around the world. The contract has been funded $41.1 million to date. “Comtech is

Comtech Telecommunications Corp. Receives $5.9 Million in Funding from U.S. Army

Gilat Satellite Networks

MELVILLE, N.Y., & PETAH TIKVA, Israel--(BUSINESS WIRE)--OCTOBER 5, 2020 5:30AM EST -- Comtech Telecommunications Corp. (Nasdaq: CMTL) (“Comtech”) and Gilat Satellite Networks Ltd. (Nasdaq: GILT; TASE: GILT) (“Gilat”) announced today that the companies have agreed to terminate the merger agreement first announced on January 29, 2020 and have settled all pending litigation in the Delaware Court of Chancery. In connection with the termination and settlement agreement, Comtech has agreed to make a

Comtech Telecommunications Corp. and Gilat Satellite Networks Ltd. Terminate Merger Agreement and Settle Litigation

Comtech Telecommunications Corp. (CMTL) CEO Fred Kornberg on Q4 2020 Results - Earnings Call Transcript

Comtech (CMTL) delivered earnings and revenue surprises of 136.36% and 5.18%, respectively, for the quarter ended July 2020. Do the numbers hold clues to what lies ahead for the stock?

Comtech Telecommunications (CMTL) Q4 Earnings and Revenues Surpass Estimates

MELVILLE, N.Y.--(BUSINESS WIRE)--September 29, 2020-- Comtech Telecommunications Corp. (NASDAQ: CMTL) today announced that its Board of Directors has authorized a new $100.0 million share repurchase program pursuant to which the Company may repurchase shares of its common stock from time to time in open market transactions at prevailing market prices, in privately negotiated transactions, or by other means in accordance with federal securities laws. “Authorizing the use of our strong balance sh

Comtech Telecommunications Corp. Announces New $100.0 Million Stock Repurchase Program

MELVILLE, N.Y.--(BUSINESS WIRE)--September 29, 2020-- Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported its operating results for the fourth quarter and fiscal year ended July 31, 2020. The Company also provided forward-looking comments and financial targets for fiscal 2021. 2020 Fourth Quarter Highlights Consolidated net sales for the fourth quarter of fiscal 2020 were solid at $149.7 million, which represents a sequential increase of 10.8% as compared to the $135.1 million achiev

Comtech Telecommunications Corp. Announces Results for Fiscal 2020 Fourth Quarter and Full Year and Provides Comments and Financial Targets for Fiscal 2021

MELVILLE, N.Y.--(BUSINESS WIRE)--September 25, 2020-- Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading provider of products, systems and services for advanced communications solutions, today announced that it will report its fourth quarter and full year fiscal 2020 results after the market closes on Tuesday, September 29, 2020. The Company has scheduled an investor conference call for Tuesday, September 29, 2020 at 4:30 PM ET. Investors are invited to access a live webcast of the conf

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