Comtech Q4 2021 Earnings Report
Key Takeaways
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.
Consolidated net sales for the fourth quarter of fiscal 2021 were $145.8 million.
New bookings for the fourth quarter of fiscal 2021 were $168.2 million, with a book-to-bill ratio of 1.15.
GAAP operating income in the fourth quarter of fiscal 2021 was $9.7 million, and GAAP EPS was $0.28.
Comtech generated GAAP operating cash flows of $15.9 million during the fourth quarter.
Comtech
Comtech
Forward Guidance
Comtech is targeting fiscal 2022 net sales within a range of $580.0 million to $600.0 million and Adjusted EBITDA between $70.0 million and $76.0 million.
Positive Outlook
- Strength of the Company’s backlog.
- Strong sales pipeline.
- Increased demand for its NG-911 solutions.
- Increased demand for satellite earth station products.
- Full twelve months of sales of its new revolutionary TDMA satellite network platform.
Challenges Ahead
- Lingering impacts of COVID-19.
- Timing considerations associated with tightening global supply chain constraints.
- Start-up costs associated with the opening of two new high-volume technology manufacturing facilities.
- Impact of the recently completed withdrawal of U.S. troops from Afghanistan.
- Other U.S. government program changes.