MELVILLE, N.Y.--(BUSINESS WIRE)--February 5, 2024-- Comtech (NASDAQ: CMTL) announced today that Washington State recently awarded the company a $48 million contract extension to continue providing Next Generation 911 (NG911) services over the next five years, with the option to extend through 2034. Washington State initially contracted Comtech to design, deploy and operate next generation public safety technologies and secure and reliable communications capabilities in 2016, making Washington a national ...

MELVILLE, N.Y.--(BUSINESS WIRE)--Feb. 1, 2024--Comtech (NASDAQ: CMTL) announced today it received approval from the U.S. Army Contracting Command to move forward on the Company’s previously announced $544 million Global Field Service Representative (GFSR) contract. Under this contract, Comtech will provide onsite professional engineering services, as well as supply and support the Company’s market leading satellite and terrestrial networking communications technologies for the Project Manager Tactical Netw ...

Comtech Telecommunications (CMTL) shares rallied 15.3% in the last trading session to close at $7.76. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 18.6% loss over the past four weeks.The uptrend in share prices is largely attributable to the fresh capital infusion in the company. Comtech recently secured a $45 million investment from its existing shareholders – White Hat Capital Partners LP and Magnetar.Th ...

MELVILLE, N.Y.--(BUSINESS WIRE)--January 22, 2024 -- Comtech Telecommunications Corp. (NASDAQ: CMTL) (“Comtech” or the “Company”), a leading global technology company providing terrestrial and wireless network solutions, next-generation 911 emergency services, satellite and space communications technologies, and cloud native capabilities, today announced a $45.0 million investment by current shareholders White Hat Capital Partners LP (“White Hat”), an investment firm focused on sustainable value creation in ...

Financial Data and Key Metrics Changes - The company reported consolidated net sales of $151.9 million for Q1 fiscal 2024, representing a 15.9% increase year-over-year and a 2.1% increase sequentially [119] - Adjusted EBITDA for Q1 fiscal 2024 was $18.4 million, a 72% increase from Q1 fiscal 2023, with an adjusted EBITDA margin of 12.1%, up from 8.2% in the prior year [120] - Operating income for Q1 fiscal 2024 was $2.1 million, compared to an operating loss of $9.7 million in the same quarter last year, marking the second consecutive quarter of positive GAAP operating income [97][10] Business Line Data and Key Metrics Changes - The Satellite and Space Communications segment generated $102 million in sales, while the Terrestrial and Wireless Network segment reported $49.5 million [119] - The company secured significant contract wins, including a $20 million order for portable troposcatter systems and a $9.6 million contract for anti-jam modem technologies [110][111] Market Data and Key Metrics Changes - The Canadian government has mandated the nationwide adoption of next-generation 911 services by March 2025, presenting a significant market opportunity for the company [90] - The company is positioned as a leader in providing Next Gen 911 capabilities, with recent wins indicating strong market demand [53] Company Strategy and Development Direction - The company is undergoing a transformation known as "One Comtech," aimed at improving operational performance and collaboration across its previously siloed businesses [3][4] - The focus is on delivering comprehensive solutions that enhance customer value and address complex challenges in network connectivity [4][26] - The company is actively managing its balance sheet and exploring refinancing options for its credit facility, which matures in October 2024 [14][17] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging macro environment, including inflation, rising interest rates, and geopolitical tensions, but expressed confidence in the company's growth trajectory [36][122] - The company has visibility into approximately $1.7 billion of future revenue, bolstered by recent contract wins [96][106] Other Important Information - The company completed the divestiture of its Solid-State Power Amplifier product line on November 7, 2023, which will not be included in future net sales [18][121] - The implementation of lean manufacturing principles is expected to drive continuous improvement across the enterprise [12][11] Q&A Session Summary Question: Update on refinancing and timing - Management indicated that discussions with lenders are ongoing and that they are exploring various alternatives to achieve a favorable refinancing outcome [20][66] Question: Details on the Canadian E911 opportunity - Management confirmed that the recent win is part of a broader mandate for next-generation services and highlighted the similarities between the Canadian and U.S. markets [54][104] Question: Impact of divestiture on financials - Management stated that the guidance of 1% to 3% growth is based on figures that included the divested product line, suggesting that the actual growth could be higher [46][121] Question: Specifics on restructuring costs - Management noted that restructuring costs are expected to unwind over the course of the year, with minimal severance payments remaining [43][44] Question: Market size comparison between Canada and the U.S. - Management compared the Canadian market size to California's population, indicating a similar addressable market [54]

• Terrestrial and Wireless Networks - is organized into three service areas: next generation 911 and call delivery, Solacom call handling solutions, and trusted location and messaging solutions. This segment offers customers SMS text to 911 services, providing alternate paths for individuals who need to request assistance (via text messaging) a method to reach Public Safety Answering Points ("PSAPs"); next generation 911 solutions, providing emergency call routing, location validation, policybased routing r ...

Comtech Telecommunications Corp. (NASDAQ:CMTL) Q4 2023 Earnings Conference Call October 12, 2023 5:00 PM ET Company Participants Robert Samuels - Head of Investor Relations Ken Peterman - Chairman, President and Chief Executive Officer Mike Bondi - Chief Financial Officer Conference Call Participants Joe Gomes - NOBLE Capital Greg Burns - Sidoti Mike Crawford - B. Riley Securities Lance Vitanza - TD Cowen Operator Welcome to Comtech's Fiscal Q4 2023 Earnings Conference Call. As a reminder, this conference i ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) | Large accelerated filer | ☐ | ☒ Accelerated filer | | --- | --- | --- | | Non-accelerated filer | ☐ | Smaller reporting company ☐ | | | | Emerging growth company ☐ | ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended July 31, 2023 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 0-7928 De ...

Comtech Telecommunications Corp. (NASDAQ:CMTL) Q3 2023 Earnings Conference Call June 8, 2023 5:00 PM ET Company Participants Robert Samuels - Head of Investor Relations Ken Peterman - President and Chief Executive Officer Mike Bondi - Chief Financial Officer Conference Call Participants Joe Gomes - NOBLE Capital George Notter - Jefferies Asiya Merchant - Citi Chris Sakai - Singular Research Greg Burns - Sidoti Operator Welcome to Comtech's Fiscal Q3 2023 Earnings Conference Call. As a reminder, this confere ...

Terrestrial and Wireless + Networks Convergence of Satellite & Terrestrial Communications Infrastructure Will Enable us to: • Extend our MNO Value Proposition Beyond NG-911 Public Safety Vertical to the Broader Global 5G Infrastructure Transformation • Apply Our Cloud Native Solutions Platform to the Global Satellite Communications Market • Apply Our Market-Leading RF Satellite Technology to the Terrestrial & Wireless Market as 5G Leverages Millimeter Wave Frequency Spectrum 6 The Satellite Ground Station E ...