secwatch.observer — SEC 8-K summary
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Issuer:     COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL)
CIK:        0000023197
Form:       8-K
Filed at:   2023-03-09T23:59:59+00:00
Accession:  0000023197-23-000020
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Comtech Q2 revenue $133.7M (+11% YoY), suspends dividend; Q3 guidance 1-3% sequential growth
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23197/000002319723000020/0000023197-23-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23197/000002319723000020/cmtl-20230309.htm
  HTML page:      https://secwatch.observer/filing/0000023197-23-000020

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