Comtech Q1 2025 Earnings Report
Key Takeaways
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.
Net sales decreased by 23.8% year-over-year to $115.8 million, primarily due to the S&S segment performance.
Operating loss was $129.2 million, compared to an operating income of $2.1 million in the prior year, due to a goodwill impairment charge and restructuring costs.
Net bookings were $127.9 million, resulting in a book-to-bill ratio of 1.10x.
Ken Traub was appointed as President and CEO, focusing on improving operational discipline and strengthening the company's capital structure.
Comtech
Comtech
Forward Guidance
Comtech is not providing guidance.