Comtech Q1 FY2023 rev $131.1M (+12.2% YoY); Adj EBITDA $10.7M vs $5.5M; Q2 guidance sales +1-3%

COMTECH TELECOMMUNICATIONS CORP /DE/

2023-Q1 EPS reported -$0.46 revenue$131,139,000

Consolidated net sales $131.1M, up 12.2% YoY and 3.3% sequentially; gross margin 35.7%.
Adjusted EBITDA $10.7M (8.2% of sales) vs $5.5M (4.7%) a year ago; bookings $181.2M, backlog $668.2M.
Satellite & Space segment sales $80.9M (+25.2% YoY); Adj EBITDA $9.9M vs -$1.3M loss.
Terrestrial & Wireless segment sales $50.3M (-3.6% YoY); Adj EBITDA $6.0M vs $11.0M.
Q2 FY2023 guidance: net sales +1-3% sequential; Adj EBITDA margin ~8.0%; quarterly dividend $0.10/share declared.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

COMTECH TELECOMMUNICATIONS CORP /DE/ reported first quarter ended October 31, 2022 results: revenue $131.1 million. Guidance initiated.

Period: first quarter ended October 31, 2022
Revenue: $131.1 million
Guidance: initiated
Result: reported results

Exact text from the filing

For Q1 fiscal 2023, we recorded $131.1 million of consolidated net sales, a 3.3% sequential increase over last quarter and our fourth consecutive quarterly increase.

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accession 0000023197-22-000092

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