Comtech Q2 FY2024: net sales $134.2M, Adj. EBITDA $15.1M, refinancing top priority

COMTECH TELECOMMUNICATIONS CORP /DE/

2024-Q2 EPS reported -$1.18 revenue$286,136,000

Consolidated net sales $134.2M (flat YoY); GAAP operating income $3.0M vs loss of $0.8M a year ago.
Adjusted EBITDA $15.1M (11.3% margin), up 33% from $11.3M in Q2 FY2023.
Terrestrial & Wireless segment net sales $55.6M (+4.3% YoY); NG-911 wins include $48M Washington State extension.
Backlog approx. $680M; refinancing of credit facility is top priority; $45M strategic investment from White Hat and Magnetar in Jan.
US Army GFSR contract ($544M potential) under protest again with stop work order; company targeting FY2024 net sales and Adj. EBITDA better than FY2023.

item 2.02 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 the second quarter ended January 31, 2024 results: revenue $134.2 million.

Period: the second quarter ended January 31, 2024
Revenue: $134.2 million
Result: reported results

Exact text from the filing

Consolidated net sales increased slightly year-over-year to $134.2 million, compared to $133.7 million in the second quarter of fiscal 2023.

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Source: SEC EDGAR

accession 0000023197-24-000030

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