---
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"
generated_at: "2026-05-30T07:43:29.820609+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000023197-24-000111
- JSON: https://secwatch.observer/filing/0000023197-24-000111.json
- Plain text: https://secwatch.observer/filing/0000023197-24-000111.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.