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09.07.25 - 15:03
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Comtech Announces Senior Leadership Appointments to Drive Growth of Satellite and Space Communications Segment (Business Wire)
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CHANDLER, Ariz.--(BUSINESS WIRE)--$CMTL #5G--Jul. 9, 2025-- Comtech Telecommunications Corp. (NASDAQ: CMTL) (“Comtech” or the “Company”), a global communications technology leader, today announced three key leadership appointments within its Satellite and Space Communications (“S&S”) segment. These appointments include Steve Black as the new Chief Operating Officer (“COO”), Mark Dale as the new Chief Technology Officer (“CTO”) and Brent Norman as the new Chief Financial Officer (“CFO”); each reporting to Daniel Gizinski, President of Comtech's S&S segment.
Ken Traub, Chairman and CEO of Comtech, commented, "Under Daniel's leadership, the transformation of our S&S business is progressing very well, and we are now well-positioned to capitalize on growth opportunities and further improvements in operational execution. We are delighted to have recruited Steve and Brent and promoted Mark to these key leadership roles. These appointments bring together a diverse set of expertise a...
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09.06.25 - 22:21
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Comtech Announces Financial Results for Third Quarter of Fiscal 2025 (Business Wire)
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CHANDLER, Ariz.--(BUSINESS WIRE)--$CMTL #5G--June 9, 2025-- Comtech Telecommunications Corp. (NASDAQ: CMTL) (“Comtech” or the “Company”), a global communications technology leader, today reported financial results for its third quarter ended April 30, 2025.
Consolidated Financial Results
Net sales of $126.8 million
Gross margin of 30.7%
Operating loss of $1.5 million and net loss attributable to common shareholders of $14.5 million
Adjusted EBITDA (a Non-GAAP measure) of $12.6 million, or 9.9%
Net bookings of $71.0 million, representing a book-to-bill ratio of 0.56x (as described below, gross bookings during the third quarter were $107.4 million, representing a book-to-bill ratio of 0.85x)
Funded backlog of $708.1 million and revenue visibility of approximately $1.2 billion
GAAP cash flows provided by operations of $2.3 million
Ken Traub, Chairman, President and CEO, stated:
“We are pleased to report that our transformation plan is gaining traction and notable progress is already evident in our ...
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04.06.25 - 22:51
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Comtech to Report Third Quarter Fiscal 2025 Results on June 9, 2025 (Business Wire)
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CHANDLER, Ariz.--(BUSINESS WIRE)--$CMTL #5G--June 4, 2025-- Comtech Telecommunications Corp. (NASDAQ: CMTL) (“Comtech” or the “Company”) today announced that it plans to release its third quarter fiscal 2025 results after the market closes on Monday, June 9, 2025.
At 5:00 p.m. ET that day, Comtech's leadership team will hold a conference call to discuss the Company's third quarter fiscal 2025 results, operations, and business trends. A real-time webcast of the call will be available to the public at the investor relations section of the Comtech web site at www.comtech.com. Alternatively, investors can access the conference call by dialing (800) 225-9448 (primary) or (203) 518-9708 (alternate) and using the conference I.D. of “Comtech.” A replay of the call will also be available by dialing (800) 934-2123 or (402) 220-1137 through Monday, June 23, 2025.
About Comtech
Comtech Telecommunications Corp. is a leading provider of satellite and space communications technologies; terrestrial and wire...
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12.03.25 - 21:21
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Comtech Announces Financial Results for Second Quarter of Fiscal 2025 (Business Wire)
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CHANDLER, Ariz.--(BUSINESS WIRE)--$CMTL #5G--March 12, 2025-- Comtech Telecommunications Corp. (NASDAQ: CMTL) ("Comtech" or the "Company"), a global communications technology leader, today reported financial results for its second quarter ended January 31, 2025.
"When I became Comtech's President and CEO on January 13, we announced both unsatisfactory financial results for the first quarter ended October 31, 2024 as well as a comprehensive transformation plan to address longstanding issues and better position the Company going forward. I am pleased to report that we are making strong progress in the execution of that transformation plan which has started to position the Company in a positive trajectory for a successful future,” stated Ken Traub, Chairman, President and CEO.
Consolidated Financial Results
Net sales of $126.6 million
Gross margin of 26.7%
Operating loss of $10.3 million, net loss of $48.7 million and Adjusted EBITDA (a Non-GAAP measure) of $2.9 million
Net bookin...
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11.03.25 - 14:06
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Comtech to Report Second Quarter Fiscal 2025 Results on March 12, 2025 (Business Wire)
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CHANDLER, Ariz.--(BUSINESS WIRE)--$CMTL #5G--March, 11 2025-- Comtech Telecommunications Corp. (NASDAQ: CMTL) (“Comtech” or the “Company”), a global communications technology leader, today announced that it plans to release its second quarter fiscal 2025 results after the market closes on Wednesday, March 12, 2025.
Following the release of the second quarter fiscal 2025 financial results, Comtech's leadership team invites shareholders, potential shareholders, and other interested parties to join a conference call at 5:00 p.m. ET on Wednesday, March 12, to discuss the Company's results, operations, and business trends.
A real-time webcast of the call will be available to the public at the investor relations section of the Comtech web site at www.comtech.com. Alternatively, investors can access the conference call by dialing (800) 274-8461 (primary) or (203) 518-9814 (alternate) and using the conference ID “Comtech.” A replay of the call will be available until Wednesday, March 19, by dialing...
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03.03.25 - 22:33
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Comtech Announces Improved Capital Structure (Business Wire)
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New Capital Infusion of $40 Million
Immediate Reduction in Senior Debt, Waiver of Financial Covenants and Enhanced Financial FlexibilityCHANDLER, Ariz.--(BUSINESS WIRE)--$CMTL #5G--March 3, 2025-- Comtech Telecommunications Corp. (NASDAQ: CMTL) (“Comtech” or the “Company”), a global communications technology leader, today announced an amendment to its senior secured credit agreement that cures the covenant breaches as of January 31, 2025, that the Company had disclosed it anticipated in its earnings release, 10Q and conference call on January 13, 2025. The agreement also provides for improved financial flexibility with the suspension of the fixed charge coverage ratio and the net leverage ratio covenants in the senior secured credit agreement such that the next test will be for the quarter ending on October 31, 2025. Furthermore, the agreement reduces the interest rate on the senior secured loans.
These remedies and improvements in the senior secured credit facility were enabled by a new capital i...
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18.02.25 - 22:36
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Comtech Appoints David B. Kagan to its Board of Directors (Business Wire)
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CHANDLER, Ariz.--(BUSINESS WIRE)--$CMTL #5G--February 18, 2025-- Comtech Telecommunications Corp. (NASDAQ: CMTL) (“Comtech” or the “Company”), a global communications technology leader, today announced that the Comtech Board of Directors (the “Board”) has appointed David (Dave) B. Kagan as an independent director to the Board, effective February 13, 2025.
Mr. Kagan has deep experience leading satellite communications companies over the course of his career, which spans more than 35 years. Most recently, he served as CEO of Globalstar, where he drove significant top and bottom line improvements. He also expanded Globalstar's services beyond the legacy of one-way messaging and GPS to focus on satellite IoT and was a key contributor in securing the industry's first service offering enabling direct-to-device satellite capability. Before that, he served in leadership roles at ITC Global, Globe Wireless and Spacenet, among others.
“We are delighted to welcome Dave Kagan to the Comtech Board,” ...
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13.01.25 - 13:03
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Comtech Announces CEO Transition and Comprehensive Transformation Initiatives (Business Wire)
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Appoints Kenneth H. Traub as President and Chief Executive Officer, Effective Immediately
Commences Comprehensive Transformation to Immediately Strengthen CompanyCHANDLER, Ariz.--(BUSINESS WIRE)--$CMTL #5G--Jan. 13, 2025-- Comtech Telecommunications Corp. (NASDAQ: CMTL) (“Comtech” or the “Company”), a global communications technology leader, today announced that its Board of Directors (the “Board”) has named Ken Traub as President and Chief Executive Officer, replacing John Ratigan effective immediately. Mr. Traub joined the Comtech Board on October 31, 2024 and became Executive Chairman on November 27, 2024.
Mr. Traub is leading a comprehensive transformation of Comtech. Some highlights of this transformation include:
Operational Discipline and Rightsizing. Comtech is taking decisive action to improve processes, streamline product lines, optimize staffing and sharpen its organizational focus. These actions are expected to result in significant cost savings and working capital efficiencies, pa...
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13.01.25 - 13:03
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Comtech Announces Financial Results for the First Quarter of Fiscal 2025 (Business Wire)
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CHANDLER, Ariz.--(BUSINESS WIRE)--$CMTL #5G--January 13, 2025-- Comtech Telecommunications Corp. (NASDAQ: CMTL) ("Comtech" or the "Company"), a global communications technology leader, today reported financial results for its first fiscal quarter ended October 31, 2024. In addition, Comtech separately announced today that its Board of Directors (the "Board") has named Ken Traub as President and Chief Executive Officer, effective immediately, in addition to his current role as Chairman, and that the Board and management team are undertaking a series of prompt and decisive actions to address the Company's current challenges and build a stronger company for long-term. That press release can be found on the Company's investor relations website.
Consolidated Financial Results
Net sales of $115.8 million;
Net bookings of $127.9 million, representing a book-to-bill ratio of 1.10x;
Gross margin of 12.5%;
Operating loss of $129.2 million, net loss of $148.4 million and Adjusted EBIT...
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10.01.25 - 15:03
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Comtech to Report First Quarter Fiscal 2025 Results on January 13, 2025 (Business Wire)
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CHANDLER, Ariz.--(BUSINESS WIRE)--$CMTL #5G--Jan. 10, 2025-- Comtech Telecommunications Corp. (NASDAQ: CMTL) (“Comtech” or the “Company”) today announced that it plans to release its first quarter fiscal 2025 results before the market opens on Monday, January 13, 2025.
At 8:30 a.m. ET that day, Comtech's leadership team will hold a conference call to discuss the Company's first quarter fiscal 2025 results, operations, and business trends. A real-time webcast of the call will be available to the public at the investor relations section of the Comtech web site at www.comtech.com. Alternatively, investors can access the conference call by dialing (800) 579-2543 (primary) or (785) 424-1789 (alternate) and using the conference I.D. of “Comtech.” A replay of the call will also be available by dialing (800) 839-9557 or (402) 220-6089 through Monday, January 27, 2025.
About Comtech
Comtech Telecommunications Corp. is a leading global technology company providing terrestrial and wireless network solu...
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