Comtech Earnings Reports

Comtech's Q2 2025 revenue was $126.6 million, down 5.7% year-over-year. The company reported a net loss of $48.7 million and an operating loss of $10.3 million. Adjusted EBITDA was $2.9 million, down from $15.1 million in Q2 2024. The book-to-bill ratio stood at 0.63x, with total funded backlog of $763.8 million.

Comtech's Q1 2025 results revealed a decrease in net sales to $115.8 million and a substantial operating loss of $129.2 million. The company faces challenges in its Satellite & Space Communications (S&S) segment, impacting overall performance. New CEO Ken Traub is implementing initiatives to improve operations and drive value.

Comtech's Q4 fiscal 2024 saw net sales of $126.2 million and a significant operating loss of $81.5 million, which included a $64.5 million non-cash impairment charge. Despite these challenges, the company achieved record funded backlog of approximately $800 million and net bookings of $271.5 million.

Comtech reported a decrease in consolidated net sales but an improved operating loss. The company secured a new credit facility and highlighted key contract wins, particularly in the Terrestrial & Wireless Networks segment. Management is focused on improving cash conversion and expects positive impacts from the recent refinancing.

Comtech reported a slight increase in consolidated net sales to $134.2 million compared to $133.7 million in the second quarter of fiscal 2023. Adjusted EBITDA grew by 33% year-over-year, achieving an 11.3% margin. The company also reported GAAP operating income of $3.0 million, marking the third consecutive quarter of positive operating income since fiscal 2021.

Comtech reported a strong start to fiscal year 2024, with net sales increasing by 15.9% year-over-year to $151.9 million and bookings reaching $185.6 million, resulting in a book-to-bill ratio of 1.22x. The company's 'One Comtech' transformation is taking root, leading to sequential revenue growth and improved operating income.

Comtech reported a strong Q4 fiscal year 2023 with a 17.2% increase in consolidated net sales compared to Q4 2022, reaching $148.8 million. The company achieved GAAP operating income for the first time since Q4 fiscal 2021, and Adjusted EBITDA improved to $18.9 million, or 12.7% of consolidated net sales. Bookings for the quarter totaled $142.6 million, and backlog stood at $662.2 million.

Comtech delivered improved performance in Q3 2023, with net sales growing for the sixth consecutive quarter. The company's adjusted EBITDA improved to $12.5 million, and they announced three new EVOKE technology partnerships. They expect Q4 fiscal 2023 results to improve.

Comtech reported $133.7 million in consolidated net sales, a 2.0% sequential increase, and Adjusted EBITDA of $11.3 million, or 8.5% of consolidated net sales. Consolidated bookings were $167.5 million, representing a 62.7% year-over-year increase.

Comtech reported a sequential increase in consolidated net sales for the fourth consecutive quarter, driven by higher revenue in the Satellite and Space Communications segment. Bookings increased, leading to growth in funded backlog. Adjusted EBITDA also increased, reflecting the rise in net sales.

Comtech delivered financial results for Q4 2022 that exceeded expectations, marking the third consecutive quarter of sequential growth in both top-line and bottom-line performance. The company's consolidated net sales reached $127.0 million, a 4.0% increase over the previous quarter. Bookings also saw sequential growth, leading to a funded backlog of $618.1 million.

Comtech reported Q3 fiscal year 2022 results with consolidated net sales of $122.1 million, a sequential increase of 1.4% from Q2 2022. The company's Adjusted EBITDA was $11.2 million, up 14.3% sequentially. However, GAAP net loss attributable to common stockholders was $1.7 million, with a GAAP EPS loss of $0.06, although Non-GAAP EPS was an income of $0.06.

Comtech reported consolidated net sales of $120.4 million, a GAAP net loss attributable to common stockholders of $23.5 million, and an Adjusted EBITDA of $9.8 million.

Comtech Telecommunications Corp. reported consolidated net sales of $116.8 million and a GAAP net loss of $6.0 million for the first quarter of fiscal 2022. The company reconfirmed its financial targets for fiscal 2022, expecting consolidated net sales to be in the range of $580.0 million to $600.0 million and Adjusted EBITDA between $70.0 million and $76.0 million.

Comtech Telecommunications Corp. reported strong Q4 results with consolidated net sales of $145.8 million, GAAP net income of $7.4 million, and adjusted EBITDA of $26.4 million. New bookings for the quarter were $168.2 million, resulting in a book-to-bill ratio of 1.15. The company's backlog provides revenue visibility to over $1.1 billion.

Comtech announced its Q3 2021 results with consolidated net sales of $139.4 million. The company achieved a book-to-bill ratio of 0.83 with bookings of $115.9 million. GAAP operating income was $2.4 million, GAAP net income was $0.8 million, and GAAP EPS was $0.03.

Comtech Telecommunications Corp. reported consolidated net sales of $161.3 million and Adjusted EBITDA of $18.1 million for the second quarter of fiscal year 2021. The company achieved a book-to-bill ratio of 1.34 with bookings of $215.8 million. GAAP operating income was $5.4 million, GAAP net income was $4.2 million, and GAAP net income per diluted share was $0.17.

Comtech Telecommunications Corp. reported consolidated net sales of $135.2 million and Adjusted EBITDA of $14.3 million for the first quarter of fiscal 2021, exceeding expectations. The company achieved a book-to-bill ratio of 0.91 with bookings of $123.2 million and faced significant acquisition plan expenses, including costs related to the Gilat merger termination.

Comtech Telecommunications Corp. reported solid fourth-quarter results for fiscal year 2020, with net sales of $149.7 million and a book-to-bill ratio of 1.07. The company reported operating income of $2.8 million, a net income of $1.1 million and EPS of $0.04. Comtech provided forward-looking comments and financial targets for fiscal 2021.

Comtech Telecommunications Corp. reported net sales of $135.1 million for the third quarter of fiscal 2020. The company experienced an operating loss of $3.1 million and a net loss of $4.0 million, or $0.16 per diluted share. However, excluding certain expenses, non-GAAP net income was $1.2 million, or $0.05 per diluted share. Despite the challenges, Comtech believes the worst impact of the pandemic is behind it and remains well-positioned for growth.

Comtech Telecommunications Corp. announced its operating results for the second fiscal quarter ended January 31, 2020. Net sales for the quarter were $161.7 million. On a GAAP basis, operating income was $6.2 million, net income was $3.5 million, and EPS was $0.14. Non-GAAP EPS was $0.32. The company updated its fiscal 2020 guidance, expecting consolidated net sales of approximately $712.0 million and Adjusted EBITDA of $99.0 million.