secwatch.observer — SEC 8-K summary
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Issuer:     COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL)
CIK:        0000023197
Form:       8-K
Filed at:   2023-10-12T23:59:59+00:00
Accession:  0000023197-23-000050
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Comtech Q4 net sales $148.8M (+17.2% YoY), first GAAP operating profit since FY21
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23197/000002319723000050/0000023197-23-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23197/000002319723000050/cmtl-20231012.htm
  HTML page:      https://secwatch.observer/filing/0000023197-23-000050

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