Index UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Washington, D.C. 20549 Commission File Number: 0-7928 FORM 10-Q (Exact name of registrant as specified in its charter) (Mark One) | Delaware | | 11-2139466 | | --- | --- | --- | | (State or other jurisdiction of incorporation /organization) | | (I.R.S. Employer Identification Number) | | 68 South Service Road, Suite 230, | | | | Melville, NY | | 11747 | | (Address ...

Comtech Telecommunications Corp. (NASDAQ:CMTL) Q2 2023 Results Conference Call March 9, 2023 5:00 PM ET Company Participants Robert Samuels - Head, IR Ken Peterman - Chairman, President, and CEO Mike Bondi - CFO Conference Call Participants Joe Gomes - NOBLE Capital Greg Burns - Sidoti Asiya Merchant - Citigroup George Notter - Jefferies Chris Sakai - Singular Research Operator Welcome to Comtech's Fiscal Q2 2023 Earnings Conference Call. As a reminder, this conference is being recorded, Thursday, March 9, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q | --- | --- | --- | |----------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------|--------------------------------------------------------------------| | Delaware \n(State or other jurisdiction of incorporation \n68 South Service Road, Suite Melville, NY | /organization) | 11-2139466 \n(I.R.S. Employer Identificati ...

Financial Data and Key Metrics Changes - For Q1 fiscal 2023, the company recorded consolidated net sales of $131.1 million, a 3.3% increase from the previous quarter and a 12.2% increase year-over-year, driven by higher revenue in the Satellite and Space Communication segment [12][13] - Consolidated gross margins were 35.7%, consistent with previous quarters, reflecting changes in product mix and startup costs associated with new manufacturing centers [14] - Adjusted EBITDA for Q1 fiscal 2023 was $10.7 million, or 8.2% of consolidated net sales, compared to $5.5 million, or 4.7%, in Q1 fiscal 2022, primarily due to increased net sales [15] Business Line Data and Key Metrics Changes - The Satellite and Space Communications segment generated $80.9 million in sales, while the Terrestrial and Wireless Networks segment contributed $50.3 million [12] - Bookings totaled $181.2 million, representing a 26.9% sequential increase and a book-to-bill ratio of 1.38x, indicating strong customer demand [17] Market Data and Key Metrics Changes - Current revenue visibility is approximately $1.1 billion, consisting of $668.2 million in funded backlog and the total unfunded value of multi-year contracts [17] - The company is experiencing growth opportunities in both Satellite and Terrestrial markets, with a focus on expanding service offerings and customer engagement [58][72] Company Strategy and Development Direction - The company is undergoing a transformation towards a "One Comtech" strategy, aimed at operational integration and excellence, which is expected to enhance growth and profitability [23][30] - New leadership appointments have been made to strengthen the focus on key end markets and customer segments, positioning the company for a successful year ahead [32][34] Management's Comments on Operating Environment and Future Outlook - Management acknowledges challenges from inflationary pressures, pandemic aftershocks, and geopolitical tensions but believes the company is well-prepared to meet these challenges and capitalize on opportunities [40][41] - The company is optimistic about the growth potential in both Satellite and Terrestrial segments, particularly through the convergence of technologies and expanding market opportunities [72][86] Other Important Information - The company has made significant changes to its leadership structure and is focused on improving operational efficiency and customer value [32][34] - The CEO transition costs of approximately $4 million impacted cash flow from operations during the quarter [113] Q&A Session Summary Question: Insights on organizational changes and any pushback faced - The transition to "One Comtech" is challenging, with efforts focused on aligning various businesses on common operating practices and systems [45] Question: Details on the Terrestrial business and 911 market opportunities - The Terrestrial and Wireless business faced sequential declines, but progress is being made on large contracts in Pennsylvania, South Carolina, and Arizona [53] Question: Clarification on bookings and large contracts - The $181 million in bookings included significant contracts, such as a $50 million Tropo deal with the U.S. military and contracts with the Ukrainian government [55][56] Question: Balance sheet and credit line management - The company amended its credit facility to better reflect current business conditions, providing operational flexibility [60] Question: Gross margin drivers and expectations - Gross margins are expected to improve over time, but current economic challenges and supply chain inefficiencies are being monitored [63][64] Question: Pipeline health and growth areas - Both segments show strong growth potential, with opportunities in systems and services offerings expanding the market [69][72] Question: International market dynamics - The international customer base remains stable, with opportunities for growth as global markets transition to newer technologies [80][81] Question: Future cash flow trajectory - The company is focused on optimizing capital deployment and managing cash flow effectively, with ongoing discussions at the board level [77][113]

Q1 FY23 Earnings Presentation 2 Forward Looking Statements Certain information in this presentation contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements are based on current expectations, estimates, forecasts, and projections about the industries in which Comtech operates and the beliefs and assumptions of Comtech's management. Comtech uses words such as "anticipate," "believe," "continue," ...

Index UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended October 31, 2022 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 0-7928 (Exact name of registrant as specified in its charter) Delaware 11-2139466 (State or other jurisdiction of incorporation /organization) (I.R.S. Employer ...

Financial Data and Key Metrics Changes - For Q4 fiscal 2022, consolidated net sales were $127 million, a 4% increase sequentially but a 12.9% decline year-over-year, primarily due to lower revenue in the Satellite and Space Communications segment [12][13] - Consolidated gross margins were 35.9%, down from 38.2% in Q3 fiscal 2022 and 37.8% in Q4 fiscal 2021, reflecting lower sales in the Satellite and Space Communications segment [14] - Adjusted EBITDA for Q4 was $12.7 million, a 13.4% sequential increase, with an adjusted EBITDA margin of 10%, up from 9.2% in Q3 [15][17] - For fiscal 2022, consolidated net sales totaled $486.2 million, with a slight increase in gross margin to 37% compared to 36.8% in fiscal 2021 [13][15] Business Line Data and Key Metrics Changes - The Satellite and Space Communications segment reported $76.8 million in sales, while the Terrestrial and Wireless Networks segment reported $50.2 million [12] - The resegmentation of the business into two segments aims to better align with products and services, reflecting evolving industry trends [9][11] Market Data and Key Metrics Changes - The company is experiencing a significant demand for seamless global connectivity, particularly in the context of the Internet of Things (IoT) [40][41] - The convergence of terrestrial and satellite communications is seen as a major opportunity for growth, with increasing demand for hybrid connectivity solutions [43] Company Strategy and Development Direction - The new CEO, Ken Peterman, emphasizes a strategic approach to unify the organization and leverage technology to meet evolving market needs [6][7] - The company plans to focus on operational improvements, risk management, and strategic thinking to enhance performance and shareholder value [24][25] - A strategic committee is being formed to explore changes in product segments and capitalize on market convergence opportunities [68] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenging operating environment, including rising costs and inflationary pressures, while setting realistic targets for Q1 fiscal 2023 [22][62] - The company is targeting a sequential growth of 1% to 3% in consolidated net sales for Q1 fiscal 2023, with an adjusted EBITDA margin expected to approximate 8% [22][23] Other Important Information - The company has launched several initiatives to improve operational performance and has appointed a Chief Growth Officer to oversee market opportunities [36][37] - The Arizona manufacturing center is progressing well and is expected to be fully operational in FY 2023 [83][84] Q&A Session Summary Question: What are the biggest near-term challenges facing the company? - The CEO highlighted the need to unify operations and eliminate silos to create sustainable growth and improve operational performance [49][50] Question: What is the status of the 911 market opportunities? - The CEO mentioned key wins in the 911 market, including contract expansions and new customer acquisitions, while noting that some opportunities have been shifted to 2023 [51][52][53] Question: Can you provide details on the LEO and MEO satellite contracts? - The CEO confirmed key wins in the satellite segment, focusing on developing modems and other equipment for LEO and MEO providers, with more details to come in FY 2023 [54][55] Question: Why were margins down in the terrestrial business? - The CEO explained that the decline was due to nearing completion of large contracts and ongoing R&D investments, with expectations for margin improvement as new contracts are executed [60][61] Question: What is the outlook for the Ukraine contract? - The CEO confirmed that the recent contract announcement is part of a strong relationship with the customer, with expectations for significant demand [63][64] Question: What is the purpose of the strategic committee within the Board? - The CEO stated that the committee aims to unlock shareholder value by operating collectively and addressing market convergence opportunities [66][68] Question: Will Q1 be the lowest quarter as in previous years? - Management indicated that Q1 may resemble Q4 in revenue distribution, with expectations for growth driven by the terrestrial business [69][70] Question: How are negotiations regarding price increases with customers going? - Management noted challenges in passing on price increases due to competitive pressures, particularly in the terrestrial segment [71][74] Question: What are some use cases for hybridized technology? - The CEO discussed opportunities in location-based services and cloud-native solutions that leverage both satellite and terrestrial technologies [76][78] Question: What is the status of the Arizona manufacturing center? - The CEO expressed confidence in the facility's progress and its potential to support future growth [83][84]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended July 31, 2022 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 0-7928 | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------|------------------- ...

Comtech Telecommunications Corp. (NASDAQ:CMTL) Q3 2022 Earnings Conference Call June 9, 2022 5:00 PM ET Company Participants Robert Samuels - Head of Investor Relations Michael Porcelain - Chief Executive Officer and President Michael Bondi - Chief Financial Officer Conference Call Participants George Notter - Jefferies Joe Gomes - NOBLE Capital Markets Asiya Merchant - Citi Mick Latimore - Northland Capital Chris Quilty - Quilty Analytics Chris Sakai - Singular Research Operator Ladies and gentlemen, than ...

Shareholder Presentation Q3 Fiscal Year 2022 CONNECTIONS THAT MATTER® This presentation reflects information as of June 9, 2022 This presentation reflects information as of June 9, 2022 Content 1. Introduction 2. About Us and Independent Market Studies 3. Revenue and Adjusted EBITDA Trends 4. Additional Financial Data 5. Reconciliation of GAAP to Non-GAAP Financial Measures 2 Forward Looking Statements Certain information in this presentation contains forward-looking statements that are subject to the safe ...