secwatch.observer — SEC 8-K summary
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Issuer:     COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL)
CIK:        0000023197
Form:       8-K
Filed at:   2022-12-08T23:59:59+00:00
Accession:  0000023197-22-000092
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23197/000002319722000092/0000023197-22-000092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23197/000002319722000092/cmtl-20221208.htm
  HTML page:      https://secwatch.observer/filing/0000023197-22-000092

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