Comtech Q4 FY24 net sales $126.2M, adj. EBITDA $0.3M; plans pure-play satellite/space company via T&W sale

COMTECH TELECOMMUNICATIONS CORP /DE/

2025-Q1 EPS reported -$5.29 revenue$115,800,000

Net sales $126.2M (-15.2% YoY); operating loss $81.5M includes $64.5M goodwill impairment in S&S segment.
Adjusted EBITDA $0.3M (0.2% margin) vs. $11.9M in Q3; gross margin fell 890 bps to 21.5%.
Record funded backlog ~$800M; net bookings $271.5M (2.15x book-to-bill) with T&W booking $204.2M including MA NG-911 contract.
CEO John Ratigan appointed; transformation to make Comtech pure-play satellite/space, pursuing sale of T&W segment.
Secured $25M subordinated unsecured term loan to cure credit facility defaults and support transformation.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.