Comtech Telecommunications Corp
NASDAQ:CMTL
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.
Transformation Success: Comtech is now financially and operationally stronger after a difficult prior year, with multiple quarters of positive cash flow and significantly improved liquidity.
Cash Flow Focus: The company reported its third consecutive quarter of positive operating cash flow, a major shift from past negative quarters.
Gross Margin Surge: Gross profit more than doubled year-over-year, with gross margin rising sharply to 33.1% from 12.5% in the prior year period.
Segment Performance: Satellite and Space swung to over $3 million operating profit from a $119 million loss last year; Allerium (formerly Terrestrial and Wireless) posted stable EBITDA.
Contract Wins: Secured a multiyear contract extension valued over $130 million in the Allerium segment, boosting stability and future growth prospects.
Credit Improvement: Amended credit facilities have improved financial flexibility, and lenders' confidence has grown alongside better performance.
Backlog and Bookings: Bookings were $101.9 million in Q1, with a book-to-bill ratio of 0.92x; the majority of a large $130 million award will be booked in Q2.
