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Jul 31, 2022
Comtech Q4 2022 Earnings Report
Comtech's Q4 2022 financial results exceeded expectations with third consecutive quarter of sequential growth in revenue, bottom-line, and bookings, alongside an ending backlog of $618.1 million.
Key Takeaways
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.
Consolidated net sales for Q4 fiscal 2022 were $127.0 million, a 4.0% increase over last quarter.
Adjusted EBITDA was $12.7 million, a 13.4% sequential increase from Q3 fiscal 2022.
Consolidated bookings for the quarter were $142.8 million.
Exited the fiscal year with backlog of $618.1 million, up 2.6% from Q3 fiscal 2022.
Comtech
Comtech
Forward Guidance
Comtech is targeting the following for Q1 fiscal 2023:
Positive Outlook
- Consolidated net sales are expected to grow between 1% and 3%, sequentially.
Challenges Ahead
- Consolidated Adjusted EBITDA margin is expected to approximate 8%.