{"schema_version":"secwatch.filing_event.v1","accession":"0000023197-24-000111","form_type":"8-K","ticker":"CMTL","cik":"0000023197","company_name":"COMTECH TELECOMMUNICATIONS CORP /DE/","filed_at":"2024-10-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.651482+00:00","generated_at":"2026-05-30T07:43:29.820609+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Comtech Q4 FY24 net sales $126.2M, adj. EBITDA $0.3M; plans pure-play satellite/space company via T&W sale","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000023197-24-000111","json":"https://secwatch.observer/filing/0000023197-24-000111.json","markdown":"https://secwatch.observer/filing/0000023197-24-000111.md","text":"https://secwatch.observer/filing/0000023197-24-000111.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/23197/000002319724000111/0000023197-24-000111-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/23197/000002319724000111/cmtl-20241031.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T07:43:29.820609+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}