{"filings":[{"id":1084356,"accession_number":"0000023197-26-000073","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2026-06-16T20:21:33+00:00","items":["5.02"],"status":"ready","headline":"Director Bruce T. Crawford resigns from Comtech board effective June 16, 2026","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Bruce T. Crawford resigned from the Board effective June 16, 2026.","Resignation due to his appointment as president and CEO of AFCEA International.","Decision was not the result of any disagreement with the Company or Board.","No replacement has been announced at this time."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":1039397,"accession_number":"0001104659-26-073803","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2026-06-15T12:51:49+00:00","items":["1.01","1.02","2.03","3.02","3.03","7.01","9.01"],"status":"ready","headline":"Comtech sells satellite/space business to Gilat affiliate for $157.5M; amends credit agreements","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Base purchase price $157.5M cash; $10M advance paid upon signing; buyer is Wavestream (Gilat affiliate).","Senior credit agreement amended: covenant testing suspended until July 31, 2027; term loan margins fixed at 9.5%/10.5%.","Subordinated lenders get warrants for 625K shares at $0.10 exercise price, vesting Oct 17, 2026.","Series B-3 preferred exchanged for Series B-4 preferred; repurchase right delayed until Oct 2029, cash dividends until Oct 2028.","Magnetar may nominate a director under Director Agreement until preferred liquidation preference >= $20M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":1038996,"accession_number":"0000023197-26-000070","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2026-06-15T12:01:52+00:00","items":["2.02","9.01"],"status":"ready","headline":"Comtech reports Q3 sales down 16.4% to $106M; sells most S&S business for $157.5M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss attributable to common shareholders of $14.3M; includes $10.8M preferred dividends.","Adjusted EBITDA of $8.2M; fifth consecutive quarter of positive operating cash flow ($6.1M).","Agreed to sell most of Satellite & Space Communications business to Gilat for $157.5M; net proceeds ~$143-145M.","Amended credit facilities to extend covenant relief through July 31, 2027; preferred stock exchange agreed.","Allerium segment sales $55.7M; S&S segment sales $50.3M; consolidated backlog $696.1M."],"consensus_eps_estimate":null,"consensus_eps_actual":-1.82,"consensus_revenue_estimate":null,"consensus_revenue_actual":323797000.0,"consensus_period":"2026-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":443197,"accession_number":"0000023197-26-000056","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2026-05-14T20:23:11+00:00","items":["5.02"],"status":"ready","headline":"Director Bruce T. Crawford resigns from Comtech board effective June 15, 2026","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Bruce T. Crawford notified Comtech of his resignation as director, effective on or about June 15, 2026.","Resignation is due to Crawford's appointment as president and CEO of AFCEA International, also effective June 15, 2026.","Crawford's departure is not the result of any disagreement with the Company or the Board.","The Company and Board thanked Crawford for his dedication and years of service."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":112944,"accession_number":"0000023197-26-000038","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2026-03-16T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Comtech Q2 fiscal 2026: Net sales down 15.6%, gross margin jumps to 33.9%, Adj EBITDA up 214%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $106.8M, down 15.6% YoY; gross margin improved to 33.9% from 26.7%.","Adjusted EBITDA $9.1M (8.6% margin), up 214% from $2.9M a year ago.","Net bookings $175.4M, book-to-bill 1.64x; funded backlog $731.6M.","GAAP operating cash flow $4.9M, fourth consecutive positive quarter; total liquidity $49.9M.","Allerium segment net sales up 6.2% to $56.2M; S&S sales down 31.3% due to exiting low-margin contracts."],"consensus_eps_estimate":null,"consensus_eps_actual":-1.34,"consensus_revenue_estimate":null,"consensus_revenue_actual":217793000.0,"consensus_period":"2026-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":112943,"accession_number":"0000023197-26-000024","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2026-03-11T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Comtech shareholders elect seven directors and approve all proposals at annual meeting","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["All seven board nominees elected; votes for ranged from 34.5M to 38.1M.","Advisory say-on-pay approved: 32.0M For, 5.6M Against, 0.8M Abstain.","Ratification of Deloitte as auditor for FY2026 passed: 44.2M For, 0.3M Against.","Amendment to 2023 Equity Plan to increase share reserve approved: 37.1M For, 1.2M Against."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.15,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":112942,"accession_number":"0000023197-26-000011","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2026-01-29T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Director Wendi B. Carpenter to retire from Comtech board at March 2026 annual meeting","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Wendi B. Carpenter notified Comtech on Jan 23, 2026 she will retire as director and not stand for re-election at the Fiscal 2025 Annual Meeting on March 9, 2026.","Carpenter will serve the remainder of her term until the annual meeting; retirement is not due to any disagreement with the Company or Board.","Board size will be reduced to seven members effective upon conclusion of Carpenter's term at the annual meeting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":129343,"accession_number":"0000023197-25-000104","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2025-12-11T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Comtech appoints Mary J. Raymond as independent director","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Effective after filing of Q1 FY2026 10-Q (Oct 31, 2025), board expands to eight directors.","Raymond will serve on Audit Committee and Strategic Review Committee of the Board.","She was CFO of Coherent Corp. (NYSE: COHR) for 10 years and brings 30+ years of finance and M&A experience."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":129342,"accession_number":"0000023197-25-000102","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2025-12-11T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Comtech Q1 FY2026 revenue $111M, gross margin jumps to 33.1%, net loss $19.8M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Consolidated net sales $111.0M, down 4.1% YoY; gross margin 33.1% vs 12.5% a year ago due to inventory write-down reversal and restructuring.","Operating loss $2.8M; net loss attributable to common $19.8M; Adjusted EBITDA $9.6M (8.7% of sales).","Net bookings $101.9M (book-to-bill 0.92x); funded backlog $663M; excludes $130M+ contract extension with Tier 1 MNO secured in November.","GAAP operating cash flow $8.1M – third consecutive positive quarter; total liquidity $51M at quarter end.","S&S segment net sales $55.1M (-6.5% YoY); Allerium net sales $55.9M (-1.8% YoY)."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.67,"consensus_revenue_estimate":null,"consensus_revenue_actual":111032000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":129341,"accession_number":"0000023197-25-000081","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2025-11-10T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Comtech Q4 operating income $1.9M, positive cash flow $11.4M; going concern removed","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net sales $130.4M (+3% YoY); gross margin 31.2% vs 21.5% prior year.","Adjusted EBITDA $13.3M in Q4 vs $0.3M prior year; first positive operating cash flow ($11.4M) since FY2023.","Full year net sales $499.5M (-7.6% YoY); net loss $204.3M vs $135.4M prior year.","Going concern disclosure removed; liquidity improved to $47M from $27M in March.","S&S segment Q4 operating income $3.3M vs loss $69M prior year; Allerium segment Q4 operating income $7.1M."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.67,"consensus_revenue_estimate":null,"consensus_revenue_actual":111032000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":145913,"accession_number":"0000023197-25-000063","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2025-08-18T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Comtech appoints Lloyd A. Sprung as independent director, effective August 18, 2025","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Lloyd Sprung, former UBS Managing Director and Evercore Senior Managing Director, appointed to Board.","Sprung will serve on Audit Committee and Strategic Review Committee.","Appointment satisfies credit agreement requirement with TCW Asset Management Company.","Sprung receives standard non-employee director compensation as described in 2024 proxy statement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":145912,"accession_number":"0001104659-25-069645","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2025-07-22T23:59:59+00:00","items":["1.01","2.03","7.01","9.01"],"status":"ready","headline":"Comtech amends credit agreements, receives $35M subordinated debt infusion, gains covenant holiday until Jan 2027","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Amendments suspend fixed charge, net leverage, and min EBITDA covenant testing until four-quarter period ending Jan 31, 2027.","$35M incremental priority subordinated term loan from existing holder; no cash interest, paid-in-kind, no make-whole premium.","Net proceeds used to prepay ~$28.5M term loans and ~$5.8M revolver; revolving commitments reduced by ~$2.1M.","Interest margins on senior term loans: 9.5% (Base Rate), 10.5% (SOFR) until covenant compliance demonstrated; then revert to 7.5-9% / 8.5-10%.","Minimum EBITDA reduced to $32.5M (Jan 2027), stepping up to $40M by Oct 2027; liquidity floor lowered to $15M from $17.5M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":164200,"accession_number":"0000023197-25-000058","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2025-06-09T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Comtech Q3 net loss widens to $14.5M; secures $40M capital, covenants suspended","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $126.8M (-1.0% YoY); net loss $14.5M vs $1.0M loss a year ago; operating loss narrows to $1.5M.","Adjusted EBITDA $12.6M (9.9% margin); GAAP operating cash flow $2.3M vs -$3.8M YoY.","Gross bookings $107.4M (0.85x) after $36.4M debooking on lost U.S. Army GFSR contract.","Transformation: ceased UK mfg, cut 70+ products, reduced workforce 15%, annualized labor savings ~$33M.","Amended credit facilities waive breaches; $40M capital infusion; liquidity ~$27.3M; covenant testing suspended."],"consensus_eps_estimate":-0.4488,"consensus_eps_actual":-6.56,"consensus_revenue_estimate":null,"consensus_revenue_actual":369161000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl+finnhub","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":181987,"accession_number":"0000023197-25-000041","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2025-03-12T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Comtech Q2 net loss $48.7M, operating loss $10.3M; secures $40M sub debt, waives covenant defaults","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $126.6M (-5.7% YoY); gross margin 26.7% vs 32.2% prior year; operating loss $10.3M vs profit $3.0M prior year.","Adjusted EBITDA $2.9M vs $15.1M prior year; net loss $48.7M vs $10.6M prior year.","Bookings $79.4M (book-to-bill 0.63x); funded backlog $763.8M.","Post-quarter: $40M sub debt from existing holders; Credit Facility amended to waive defaults, suspend covenant tests until Oct 2025, lower interest rates.","Workforce reduced ~13% since July 2024; reviewing strategic alternatives with TD Cowen and Imperial Capital."],"consensus_eps_estimate":-0.2074,"consensus_eps_actual":-6.06,"consensus_revenue_estimate":null,"consensus_revenue_actual":242374000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl+finnhub","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":181986,"accession_number":"0001104659-25-020043","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2025-03-04T23:59:59+00:00","items":["1.01","1.02","2.03","3.02","3.03","5.02","5.03","9.01"],"status":"ready","headline":"Comtech secures $40M subordinated debt, waives credit defaults, exchanges preferred shares","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Waived defaults under credit agreement for Q2 fiscal 2025 (Net Leverage and Fixed Charge covenants).","Received $40M incremental subordinated unsecured term loan; used $27.3M to repay Term Loans and $9.1M to repay Revolving Loans; revolver commitments reduced by $3.2M.","Reduced interest rate margin on Term Loans from 13.00% to 10.50% (SOFR) until post-Oct 31, 2025 compliance test; minimum liquidity reduced to $17.5M.","Exchanged all outstanding Series B-2 Convertible Preferred Stock for Series B-3 shares (with same $7.99 conversion price) and issued additional shares; no cash proceeds.","Director David B. Kagan resigned effective Feb 28, 2025, not due to any disagreement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":181985,"accession_number":"0000023197-25-000028","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2025-02-18T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Comtech appoints former Globalstar CEO David B. Kagan as independent director","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["David B. Kagan appointed to Comtech board effective Feb 13, 2025; will serve on Audit Committee.","Kagan was CEO of Globalstar (2018-2023), driving top/bottom line growth and satellite IoT expansion.","Chairman Ken Traub highlights Kagan's expertise in satellite, capital markets, turnarounds, and strategic deals.","Kagan also serves on boards of KVH Industries and AscendArc; inducted into Satellite Hall of Fame in 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":181984,"accession_number":"0000023197-25-000016","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2025-01-16T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Comtech annual meeting elects six directors, approves say-on-pay, auditor, equity plan; CEO Ratigan resigned","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["All six director nominees elected: Traub (39.1M), Carpenter (35.7M), Crawford (39.1M), Hildebrandt (39.4M), Quinlan (37.6M), Waldman (35.9M) votes for.","Advisory say-on-pay approved: 30.8M for, 8.1M against, 0.8M abstain.","Ratification of Deloitte as auditor for FY2025 approved: 44.5M for, 315k against.","Amendment to 2023 Equity Plan approved: 34.4M for, 5.2M against.","John Ratigan resigned as CEO and director effective Jan 13, 2025; his candidacy was withdrawn."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.15,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":181983,"accession_number":"0000950142-25-000075","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2025-01-13T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Comtech appoints Kenneth Traub as President and CEO; 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CEO Ken Traub appointed, strategic review underway","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss of $148.4M vs $1.4M loss year ago; revenue $115.8M, down 23.8% YoY.","Operating loss $129.2M includes $79.6M goodwill impairment and $17.4M reserve for receivable.","S&S segment sales fell 42.5%; T&W segment sales up 14.9%.","Company expects to breach debt covenants; total debt ~$225M as of Oct 31, 2024.","Ken Traub named President and CEO; Board conducting comprehensive strategic alternatives review."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":198642,"accession_number":"0000023197-24-000141","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2024-12-23T23:59:59+00:00","items":["3.01","7.01","9.01"],"status":"ready","headline":"Comtech gets Nasdaq delinquency notice for late Q1 10-Q filing; has 60 days to regain compliance","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Received Nasdaq letter on Dec 18, 2024 for failure to file Form 10-Q by extended due date of Dec 16, 2024.","No immediate impact on listing or trading of CMTL shares.","Company has 60 calendar days (by Feb 17, 2025) to submit a compliance plan to Nasdaq.","If plan accepted, Nasdaq may grant an exception until June 16, 2025 to regain compliance.","Company expects to file the 10-Q before the 60-day period ends."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":198641,"accession_number":"0000950142-24-002940","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2024-12-13T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Comtech adopts new indemnification agreement for directors and officers","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Board approved new form of indemnification agreement on Dec 9, 2024, replacing 2007 version.","Agreement covers current directors and certain officers; will be used for future directors and officers.","Provides indemnification to fullest extent permitted by Delaware law for expenses, judgments, fines, settlements related to corporate status.","Includes provisions for advancement of expenses and procedures for claims."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.0,"calibrated_materiality_score":0.0,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":198640,"accession_number":"0000950142-24-002858","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2024-11-27T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Comtech appoints Kenneth H. Traub as Executive Chairman; Quinlan steps down as Board Chair","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Kenneth H. Traub appointed Executive Chairman effective Nov 26, 2024; he will serve as senior executive leading the company.","Mark Quinlan stepped down as Chairman but remains on Board; Bruce Crawford elected Lead Independent Director.","Traub receives $900K base salary, target bonus of 100% of base, max 200%, plus RSUs ($400K/yr) and performance shares ($800K/yr).","CEO John Ratigan will report directly to Traub; both to collaborate on company's strategic direction.","Traub brings over 30 years of leadership experience in turnarounds; holds NACD Directorship Certification."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":198639,"accession_number":"0001104659-24-120186","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2024-11-18T23:59:59+00:00","items":["1.01","5.02","7.01","9.01"],"status":"ready","headline":"Comtech settles proxy contest with investor group; adds Michael Hildebrandt to board","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Appointed Michael Hildebrandt, Senior Investment Professional at Freshford Capital, as independent director effective Nov 18, 2024.","Board will appoint an additional mutually agreeable independent director; two incumbent directors will not stand for reelection at fiscal 2024 annual meeting.","Investor Group withdraws its eight director nominations and agrees to support Comtech's slate; standstill and voting commitments extend through fiscal 2025 or 2026.","Company reimburses investor group documented expenses up to $350,000.","Four new directors appointed to board since October 28, 2024, including Hildebrandt and the future additional director."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":198638,"accession_number":"0000023197-24-000111","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2024-10-31T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Comtech Q4 FY24 net sales $126.2M, adj. EBITDA $0.3M; plans pure-play satellite/space company via T&W sale","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $126.2M (-15.2% YoY); operating loss $81.5M includes $64.5M goodwill impairment in S&S segment.","Adjusted EBITDA $0.3M (0.2% margin) vs. $11.9M in Q3; gross margin fell 890 bps to 21.5%.","Record funded backlog ~$800M; net bookings $271.5M (2.15x book-to-bill) with T&W booking $204.2M including MA NG-911 contract.","CEO John Ratigan appointed; transformation to make Comtech pure-play satellite/space, pursuing sale of T&W segment.","Secured $25M subordinated unsecured term loan to cure credit facility defaults and support transformation."],"consensus_eps_estimate":null,"consensus_eps_actual":-5.29,"consensus_revenue_estimate":null,"consensus_revenue_actual":115800000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":198637,"accession_number":"0000023197-24-000108","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2024-10-31T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Comtech appoints John Ratigan as permanent CEO and Kenneth Traub to board","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["John Ratigan named President, CEO and board member effective Oct 28, 2024; had been interim CEO since March 2024.","Ratigan receives $750k base salary, annual bonus up to 200% of base, $400k RSUs, and performance shares.","Kenneth H. Traub appointed independent director effective Oct 31, 2024; brings turnaround and governance expertise.","Company reaffirms strategy to transform into pure-play satellite and space communications company.","Ratigan's appointment follows a comprehensive search; he previously led iDirect Government and EF Data Corp."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":198636,"accession_number":"0001104659-24-109640","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2024-10-18T23:59:59+00:00","items":["1.01","1.02","2.02","2.03","3.02","3.03","5.03","7.01","9.01"],"status":"ready","headline":"Comtech to become pure-play satellite co; exploring T&W sale; gets $25M sub debt, waives covenants","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board exploring strategic alternatives for Terrestrial & Wireless Networks segment; process underway with Imperial Capital.","Entered $25M subordinated unsecured term loan with preferred holders; amended credit facility waives Q4 covenant defaults.","Exiting UK subsidiary in Basingstoke; expects ~$10M annual cash savings after restructuring charges.","Reports significantly lower-than-expected Q4 performance, primarily in Satellite & Space Communications segment; delayed 10-K.","Exchanged Series B-1 preferred for Series B-2 with modified terms; added 3,436 shares for Magnetar and White Hat."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":214668,"accession_number":"0000023197-24-000092","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2024-09-16T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Comtech enters indemnification agreements with interim CEO, CLO, and CFO","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Indemnification agreements signed with John Ratigan (Interim CEO) and Donald Walther (Chief Legal Officer) on Sept 12, 2024.","Existing indemnification agreement with CFO Michael A. Bondi reaffirmed.","Agreements are in same form as previously filed with SEC on March 8, 2007."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":214667,"accession_number":"0000023197-24-000084","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2024-09-11T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"COO Maria Hedden resigns from Comtech, effective Sept 13, 2024","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Maria Hedden, Chief Operating Officer, notified resignation on Sept 6, 2024, effective Sept 13.","No successor or interim COO has been announced in the filing.","No reason for departure provided by the company."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":233793,"accession_number":"0000950142-24-001650","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2024-06-18T23:59:59+00:00","items":["1.01","1.02","2.03","3.02","3.03","5.03","9.01"],"status":"ready","headline":"Comtech enters $162M term loan and $60M ABL credit facility, issues warrants at $0.10 strike","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["New $162M term loan and $60M ABL facility; $25M drawn at closing, used to repay existing credit facility.","Issued 1,435,884 warrants to lenders with $0.10 exercise price, expiring June 2031, including put rights.","Exchanged all Series B Convertible Preferred for Series B-1 shares; conversion price stays $7.99 per share.","Covenants include Fixed Charge Coverage ≥1.20x (rising to 1.35x) and Net Leverage ≤3.25x (stepping down to 2.65x).","Matures July 31, 2028; interest margins 4.75%-10.00% above SOFR or Base Rate."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":233792,"accession_number":"0000023197-24-000081","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2024-06-18T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Comtech Q3 net sales $128.1M (-6% YoY); operating loss $3.5M; secures $222M credit facility","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net sales $128.1M vs $136.3M a year ago; GAAP operating loss of $3.5M includes $2.5M CEO transition costs.","Adjusted EBITDA $11.9M (9.3% margin) versus $12.5M (9.2%) a year ago.","Completed refinancing with $60M revolver and $162M term loan maturing 2028.","Awarded Massachusetts NG911 contract: initial value $140M+, potential $250M over 10 years.","Expects Q4 fiscal 2024 net sales and Adjusted EBITDA similar to Q3."],"consensus_eps_estimate":null,"consensus_eps_actual":-1.21,"consensus_revenue_estimate":null,"consensus_revenue_actual":414212000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":233791,"accession_number":"0001213900-24-039189","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2024-05-02T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Comtech approves $4.0M retention bonus program for execs and key employees","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Total program allocation ~$4.0M; bonuses paid in four quarterly installments over 12 months.","CFO Bondi: $334,750.13; COO Hedden: $334,750.13; CLO Walther: $308,750.16; Treasurer Stallone: $150,000.03.","Interim CEO John Ratigan voluntarily withdrew from the retention bonus program.","Installment schedule: 12.5% at 3 months, 12.5% at 6 months, 25% at 9 months, 50% at 12 months.","Program designed to retain talent during previously disclosed business disruptions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":233790,"accession_number":"0000023197-24-000061","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2024-04-01T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Comtech Telecom amends interim CEO John Ratigan's employment; $525K salary, $10K monthly stipend","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["John Ratigan named Interim CEO; existing employment agreement amended March 27, 2024.","Annual base salary set at $525,000; monthly stipend of $10,000 during interim term.","Target bonus opportunity equal to 70% of base salary; discretionary bonus upon completion of interim term.","Ratigan eligible for equity awards under the 2023 Equity and Incentive Plan.","Employment agreement extends through November 30, 2026, subject to earlier termination provisions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":251795,"accession_number":"0000023197-24-000030","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2024-03-18T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Comtech Q2 FY2024: net sales $134.2M, Adj. 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EBITDA better than FY2023."],"consensus_eps_estimate":null,"consensus_eps_actual":-1.18,"consensus_revenue_estimate":null,"consensus_revenue_actual":286136000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":251794,"accession_number":"0000023197-24-000021","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2024-03-15T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Director Ellen Lord resigns from Comtech board effective March 11, 2024","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Ellen M. Lord resigned from the Board of Directors effective March 11, 2024.","Resignation is not related to any disagreement with Comtech on operations, policies, or practices.","No successor or replacement for the board vacancy has been announced."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":251793,"accession_number":"0000950142-24-000665","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2024-03-13T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Comtech terminates CEO Ken Peterman for cause; appoints John Ratigan interim CEO","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Ken Peterman terminated as President and CEO for cause effective March 12, 2024; conduct unrelated to business strategy or financials.","John Ratigan, previously Chief Corporate Development Officer, appointed interim CEO; previously CEO of iDirect Government.","Mark Quinlan elected Chairman of the Board, replacing Peterman's position.","Peterman resigned from Board and Chairman role per employment contract upon termination."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":251792,"accession_number":"0000950142-24-000204","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2024-01-23T23:59:59+00:00","items":["1.01","1.02","2.03","3.02","5.03","9.01"],"status":"ready","headline":"Comtech issues $45M Series B convertible preferred, exchanges all Series A-1","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Issued 45,000 shares Series B Convertible Preferred at $1,000 each for $45M; 9% PIK or 7.75% cash dividend.","Exchanged 100,000 Series A-1 shares for 115,721 Series B shares; no Series A-1 remains outstanding.","Conversion price $7.99 per common share; mandatory conversion available after July 22, 2027.","Investors get warrant to buy common if repurchased; nominee director right if $50M+ liquidation preference held.","Magnetar and White Hat Capital are the investors; standstill and voting restrictions apply."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":251791,"accession_number":"0000950142-24-000193","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2024-01-22T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Comtech secures $45M convertible preferred investment from White Hat, Magnetar; exchanges existing Series A-1","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["White Hat and Magnetar purchase $45M of new Series B Convertible Preferred; all outstanding Series A-1 exchanged for Series B.","Conversion price $7.99/share; dividend 9.00% PIK or 7.75% cash at Comtech's election; optional redemption Oct 31, 2028.","Proceeds to support working capital, growth initiatives, and repayment of indebtedness as part of credit facility refinancing.","Mark Quinlan (White Hat) remains on Board; investment signals continued long-term shareholder support."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":251790,"accession_number":"0000023197-24-000006","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2024-01-09T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Comtech enters 3-year employment agreements with COO Hedden ($515k salary) and CLO Walther ($475k salary)","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["COO Maria Hedden: $515k base salary, 60% target bonus. CLO Don Walther: $475k base salary, 50% target bonus.","Initial term of 3 years, auto-renew annually; either party may terminate with 90-day notice.","Severance: 1x salary (1.5x in change-in-control), COBRA reimbursement for 12 months, pro-rated bonus.","Severance conditioned on non-revocation of release; includes non-compete, non-solicit, confidentiality covenants."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":269319,"accession_number":"0000023197-23-000084","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K/A","filed_at":"2023-12-22T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Comtech board adopts annual say-on-pay frequency after 94.1% shareholder vote","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All six director nominees elected with 96.8%-98.7% support; advisory compensation approval passed with 88.0%.","Shareholders voted 94.1% in favor of annual say-on-pay; board adopts annual frequency going forward.","2023 Equity and Incentive Plan approved with 96.2% of votes cast.","Ratification of Deloitte as auditor passed with 99.7%."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.15,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":269324,"accession_number":"0000023197-23-000077","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2023-12-18T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Comtech stockholders elect all six director nominees and approve advisory say-on-pay at annual meeting","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["All six board nominees elected; support ranged from 96.8% to 98.7% of votes cast.","Advisory say-on-pay approved with 88.0% support; frequency vote chose 1-year (94.1%).","Ratification of Deloitte & Touche as auditor for FY24 approved with 99.7%.","2023 Equity and Incentive Plan approved with 96.2% of votes cast."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.15,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":269323,"accession_number":"0000950142-23-002964","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2023-12-14T23:59:59+00:00","items":["1.01","3.02","3.03","5.03","9.01"],"status":"ready","headline":"Comtech exchanges Series A Preferred for new Series A-1 with amended terms, up to $50M common issuance allowed","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Exchanged all 100,000 Series A Preferred shares for 100,000 Series A-1 Preferred shares at $1,134.20 liquidation preference per share.","Company may issue up to $50M of common stock without holder consent until October 31, 2024.","On change of control, holders may require repurchase at 1.5x liquidation preference (was 1.0x).","Conversion price remains $23.97 per share; Series A-1 has substantially same powers and preferences as Series A.","Transaction exempt from registration; related registration rights and voting agreements apply to Series A-1."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":269322,"accession_number":"0000023197-23-000071","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2023-12-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Comtech Q1 net sales $151.9M (+15.9% YoY); bookings $185.6M; guides Q2 net sales +1-3%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Operating income $2.1M vs loss of $9.7M a year ago; adjusted EBITDA $18.4M (12.1% margin) versus $10.7M (8.2%).","Bookings $185.6M (1.22x book-to-bill); backlog $695.9M; revenue visibility ~$1.7B.","Satellite & Space segment net sales $102.4M (+26.6% YoY); Terrestrial & Wireless $49.5M (-1.6% YoY).","Divestiture of high-power amplifier product line closed Nov 7, 2023; net proceeds $32.5M.","Q2 FY2024 guidance: net sales +1-3% sequentially; adjusted EBITDA margin 11-13%; refinancing of credit facility (Oct 2024 maturity) under active discussion."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.11,"consensus_revenue_estimate":null,"consensus_revenue_actual":151911000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":269321,"accession_number":"0001104659-23-115298","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2023-11-07T23:59:59+00:00","items":["1.01","7.01","2.03","5.03","9.01"],"status":"ready","headline":"Comtech closes divestiture of PST product line to Stellant for $32.5M; proceeds used to reduce debt","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Net cash proceeds of $32.5M from sale of PST product line to Stellant (Arlington Capital Partners portfolio company).","Proceeds used to pay down outstanding debt on amended credit facility.","Entered Third Amended Credit Agreement: revolving commitments drop to $140M after Jan 1, 2024; quarterly reductions of $5M thereafter.","Amended Certificate of Designations for Series A Convertible Preferred Stock to reference new credit facility."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":269320,"accession_number":"0000023197-23-000050","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2023-10-12T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Comtech Q4 net sales $148.8M (+17.2% YoY), first GAAP operating profit since FY21","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net sales $148.8M (+17.2% YoY); GAAP operating income $1.1M vs loss $2.1M a year ago.","Adjusted EBITDA $18.9M (12.7% margin) up from $12.7M (10.0%) YoY; bookings $142.6M.","Backlog $662.2M; post-quarter wins: $544M GFSR (protested), $48.6M EDIM, $30M troposcatter.","Divesting solid-state power amplifier line; proceeds to cut debt; refinancing Credit Facility.","Q1 FY2024 guidance: net sales up 1-4% sequentially, Adj. EBITDA margin 11-13%."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":286302,"accession_number":"0000023197-23-000040","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2023-08-28T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Comtech General Counsel Yelena Simonyuk resigns effective August 31, 2023","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Yelena Simonyuk, General Counsel and Assistant Corporate Secretary, resigns from Comtech.","Resignation effective August 31, 2023.","No successor or interim appointment disclosed.","Filing does not provide reason for departure."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":306128,"accession_number":"0001104659-23-073206","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2023-06-21T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Comtech at Investor Day expects FY23 revenue ~$542M, Adj. EBITDA $49M; targets 11-12% revenue growth YoY","summary_kind":"llm","event_type":"other_material","confidence":"medium","bullets":["Q3 FY2023 results: revenues, Adjusted EBITDA, and margins met or beat guidance; sequential growth maintained.","FY23 guidance midpoint: revenues $542M, Adjusted EBITDA $49M (9% margin); on pace for 11-12% revenue growth YoY and 22-26% Adj. EBITDA growth YoY.","Illustrative scenarios show potential for 15% Adjusted EBITDA margin and $33-49M profit improvement from lean initiatives.","CapEx expected to decline in FY24-FY26 as large projects wrap; secured leverage ratio targeted at 2.0x-2.5x range.","New EVOKE innovation foundry launched to drive transition to software, solutions, and insights; refreshed leadership team."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":306127,"accession_number":"0000023197-23-000036","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2023-06-08T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Comtech reports Q3 net sales growth, $12.5M Adj EBITDA (9.2% margin); Q4 guidance: sales up 2-4%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Operating cash flow of $16.6M; Adjusted EBITDA of $12.5M (9.2% margin).","Q4 FY23 guidance: net sales sequential growth 2-4%; Adj EBITDA margin 9.5-10.5%.","Appointed Ellen M. Lord (former Under Sec. of Defense) and LTG Bruce Crawford (former Army CIO) to board, effective June 15.","Three new EVOKE tech partnerships announced: Aarna Networks, Descartes Labs, WishKnish."],"consensus_eps_estimate":null,"consensus_eps_actual":-1.02,"consensus_revenue_estimate":null,"consensus_revenue_actual":401180000.0,"consensus_period":"2023-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":306126,"accession_number":"0000023197-23-000025","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2023-06-07T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Comtech appoints Bruce T. Crawford and Ellen M. Lord to Board of Directors","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Appointed Lieutenant General (Ret.) Bruce T. Crawford and Hon. Ellen M. Lord as directors effective June 15, 2023, increasing board to nine members, eight independent.","Crawford brings over 37 years of leadership, national security, IT and cybersecurity experience, including as Army CIO overseeing $15B IT budget.","Lord served as Under Secretary of Defense for Acquisition and Sustainment, overseeing $400B annual budget, and previously President/CEO of Textron Systems.","Director Lisa Lesavoy notified retirement effective immediately preceding next annual shareholder meeting, reducing board to eight members.","New directors will serve on various committees: Crawford on Nominating/Governance, Science/Technology, Strategic; Lord on Audit, Science/Technology, Compensation."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":325321,"accession_number":"0000023197-23-000020","cik":23197,"company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","ticker":"CMTL","form_type":"8-K","filed_at":"2023-03-09T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Comtech Q2 revenue $133.7M (+11% YoY), suspends dividend; Q3 guidance 1-3% sequential growth","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q2 revenues $133.7M, up 11% YoY and 2% sequentially; fifth consecutive quarterly increase.","Adjusted EBITDA $11.3M (8.5% margin) vs $9.8M (8.1%) YoY; gross margin fell to 34.3% from 38.1%.","Funded backlog $702M, up 14.9% YoY; bookings $167.5M, book-to-bill 1.25x.","Q3 guidance: net sales +1-3% sequentially, Adj EBITDA margin 8.5%-10.0%.","Board suspends common stock dividend to increase financial flexibility."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.69,"consensus_revenue_estimate":null,"consensus_revenue_actual":264864000.0,"consensus_period":"2023-Q2","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":154022738.89558232,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}