Comtech Telecommunications Corp
NASDAQ:CMTL
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Comtech Telecommunications Corp
NASDAQ:CMTL
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Comtech Telecommunications Corp
Comtech Telecommunications Corp. engages in the design, development, production, and market of products, systems, and services for advanced communications solutions. The company is headquartered in Melville, New York and currently employs 2,038 full-time employees. The firm operates through two segments. The Commercial Solutions segment includes Satellite Ground Station Technologies and Public Safety and Location Technologies. Satellite Ground Station Technologies provides satellite earth station modems, solid-state amplifiers and traveling wave tube amplifiers. Public Safety and Location Technologies is engaged in public safety communication and location technologies. Government Solutions Segment includes Tactical Communications Technologies and High-Performance Transmission Technologies. Tactical Communications Technologies is a supplier to governments, particularly the United States government and contractors for tactical communications technologies, primarily tactical satellite-based technology solutions, field support services and satellite component supply chain management.
Comtech Telecommunications Corp. engages in the design, development, production, and market of products, systems, and services for advanced communications solutions. The company is headquartered in Melville, New York and currently employs 2,038 full-time employees. The firm operates through two segments. The Commercial Solutions segment includes Satellite Ground Station Technologies and Public Safety and Location Technologies. Satellite Ground Station Technologies provides satellite earth station modems, solid-state amplifiers and traveling wave tube amplifiers. Public Safety and Location Technologies is engaged in public safety communication and location technologies. Government Solutions Segment includes Tactical Communications Technologies and High-Performance Transmission Technologies. Tactical Communications Technologies is a supplier to governments, particularly the United States government and contractors for tactical communications technologies, primarily tactical satellite-based technology solutions, field support services and satellite component supply chain management.
Liquidity: Ended the quarter with approximately $50 million of total liquidity and about $30.2 million of qualified cash.
Revenue: Net sales were $106.8 million, down from $126.6 million a year ago, reflecting intentional phasing out of low-margin Satellite & Space business and some timing impacts from the U.S. government shutdown.
Profitability: Gross profit rose to $36.2 million (33.9% of sales) and adjusted EBITDA increased to $9.1 million, up from $2.9 million a year ago.
Bookings and backlog: Net bookings were $175.4 million (book-to-bill 1.64x), backlog increased to $732 million and revenue visibility remains about $1.1 billion.
Segment momentum: Satellite & Space is transitioning away from low-margin legacy work toward higher-margin modems, MPRs and MTTS with funded wins; Allerium grew to $56.2 million in sales and received significant multiyear funding (over $107 million) from a large Tier 1 customer.
Cash flow & balance sheet: Fourth consecutive quarter of positive operating cash flow ($4.9 million this quarter); total credit facility borrowings about $125 million and subordinated facility about $102.8 million; available revolver capacity $19.6 million.
Legal update: Arbitrator allowed the former CEO to withdraw his claims; Comtech’s counterclaims against him remain pending.
